Abstract

The paper proposes a general formula for developing a knowledge management system. Knowledge management focuses on the creation and use of intellectual resources as well as practical skills—a company’s intangible assets. These assets relate to various scientific areas and empirical applications, and they constitute a significant source of competitive advantage. Knowledge is a structured set of information—a universal or specialised collection of factual material—which is used in the processes of corporate functioning and development. Knowledge is the effect of the learning process; it may result from buy-sell transactions (intellectual property, inventions and copy rights), or it constitutes a field of management. The paper presents: the interpretations of the concepts of knowledge capital and knowledge management systems, a multi-aspect knowledge management system model, a concept for development based on restructuring and innovation, and the criteria for assessing corporate development. The above issues are part of the methodology of corporate development management. Its major objective is to stimulate scientific, technological, economic and organizational advancement.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.