Knowledge Management as Imperative for Economic Growth and Development
Main Article Content
Abstract
We are now living in times of global business activity and the knowledge economy. Knowledge-based resources represent the organizational Know-how as the knowledge of employees, organizational production processes, and overall knowledge of one collective. Knowledge management has long been recognized as a factor necessary for the development of business organizations. Only those managers that embrace knowledge as the most important resource can expect to be better positioned than the competition.
Know-how is very important segment of overall knowledge that is deposited within the organization. The value of knowledge is much more important than all other forms of assets that an organization possesses. But knowledge cannot be communicated without the interested employees. So, managers have to create the business environment which uses adequate business communication. Good communication stimulates ideas and creativity of employees.
Management must be able to manage business information and achieve active participation in communication with employees and exchange the intellectual capital values with them.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Once the manuscript is accepted for publication, authors shall transfer the copyright to the publisher. If the submitted manuscript is not accepted for printing by the journal, the authors shall retain all their rights. The following rights on the manuscript are transferred to the publisher, including any supplementary materials and any parts, extracts or elements of the manuscript:
- the right to reproduce and distribute the manuscript in printed form, including print-on-demand;
- the right to print prepublications, reprints and special editions of the manuscript;
- the right to translate the manuscript into other languages;
- the right to reproduce the manuscript using photomechanical or similar means including, but not limited to photocopy, and the right to distribute these copies;
- the right to reproduce and distribute the manuscript electronically or optically using and all data carriers or storage media, and especially in machine readable/digitalized form on data carriers such as hard drive, CD-ROM, DVD, Blu-ray Disc (BD), Mini Disc, data tapes, and the right to reproduce and distribute the article via these data carriers;
- the right to store the manuscript in databases, including online databases, as well as the right to transmit the manuscript in all technical systems and modes;
- the right to make the manuscript available to the public or to closed user groups on individual demand, for use on monitors or other readers (including e-books), and in printable form for the user, either via the Internet, online service, or via internal or external networks.
References
Baltezarevic, V., Baltezarevic R., Paunkovic J. & Žikic S. 2013. The role of intellectual capital in Serbia, The third International symposium of natural resources management. Zajecar: Faculty of Management.
Fukuyama, F. 2007. Građenje države (State building). Beograd: Filip Višnjić.
Barney, J. 1991. “Firm resources and competitive advantage.” Journal of Management, 17, 99–120.
Haslam, S. A. 2001. Psychology in organizations: The social identity approach. London: SAGE.
Krackhardt, D. 1990. "Assessing the political landscape: Structure, cognition and power in organizations". Administrative Science Quarterly, 35(2): 342-370.
Luthans, F., Youssef, C. M., & Avolio, B. J. 2007. Psychological capital: Developing the human competitive edge. Oxford, United Kingdom: Oxford University Press.
Mayer, R.C., Davis, J.H., Schoorman, F.D. 1995. “An Integrative Model of Organisational Trust.” Academy of Management Review, 20, 03, 709-715.
Monge, P. R., & Eisenberg, E. M. 1987. Emergent communication networks. In Handbook of organizational communication, ed. Jablin, F. M. P., Linda L.; Roberts, Karlene H.; Porter, Lyman W., 304-342. Newbury Park: Sage Publications.
Nahapiet, J., & Ghoshal, S. 1998. "Social Capital, Intellectual Capital, and the Organizational Advantage". Academy of Management Review, 23(2): 242-266.
Nahapiet, J. & Ghoshal, S. 2000. “Social capital and the organizational advantage.” In Knowledge and Social Capital, ed. Eric Lesser, 119-157. Oxford and Boston, Butterworth-Heinemann.
Rot, N. 2006. Psihologija grupa, (Psychology of groups). Beograd: Zavod za udžbenike i nastavna sredstva.
Skyrme D. J.&. Amidon D. M. 1997. Business Intelligence http://www.skyrme.com/pubs/knwstrat.htm
Tuomi, I. 1999-2000. “Data is more than knowledge: implications of the reversed knowledge hierarchy for knowledge management and organizational memory.” Journal of Management Information Systems 16, 3. 103-117.
Walters, D. 2000. “Virtual organizations: new lamps for old?” Management Decision, 38,5/6, 420-436.
Zack, M.H. 1999. “Developing a knowledge strategy.” California Management Review, 41(3), 125-145, p.128.