Economics of Strategic Knowledge Management: A New Model for Assessment

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Provided by: International Journal of Trade, Economics, and Finance (IJTEF)
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The increased prominence of knowledge related economics from the beginning of the 1990's have coexisted with the development of the new view on business strategy that emphasizes resource efficiency rather than the generally accepted competitive forces. Organizations are implementing Knowledge Management (KM) systems with the assumption that the result will be an increase in organizational effectiveness, efficiency and competitiveness. Practices of knowledge management are context-specific and they can influence organizational effectiveness. Using the lessons learned from early adopters, many organizations have effectively provided their employees with the tools they need for managing and sharing knowledge.
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