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It is important that small and medium sized companies (SMEs) survive/remain successful and achieve grow but they should find new, innovative ways of doing business to allow them to access new markets. Often they have limited resources, managers do not have time to learn new skills but the industry in which they operate has moved on. The use of new technologies for business and learning requires costs and other resources which are often missing. This paper will examine the use of E-learning and social approaches to learning such as Communities of Practice, So¬cial media and mentoring in managerial learning at a stra¬tegic level. Finally some examples of on-going developments in European projects that the authors have worked on are given.