Knowledge Management – the Key Resource in the Knowledge Economy

George Ciprian Giju, Leonardo Badea, Víctor Raúl LÓPEZ Ruiz and Domingo NEVADO Peña
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George Ciprian Giju: Valahia University of Targoviste
Víctor Raúl LÓPEZ Ruiz: University of Castilla La Mancha
Domingo NEVADO Peña: University of Castilla La Mancha

Theoretical and Applied Economics, 2010, vol. 6(547), issue 6(547), 27-36

Abstract: The influence of global information and communication technology changes and globalization have transformed our society by favoring the economy and innovation as key driver of global competition. Creation and exploitation of knowledge has become key resource in the new economy. All advanced economies are technologically knowledgebased economy. Many of today's managers and their employees, still guided by the definition given by Francis Bacon (1597) "Knowledge is power" instead of "sharing and managing knowledge is power". Knowing taken alone may not bring value if not shared before and then managed in an efficient manner. This article seeks to demonstrate what knowledge, what the knowledge management is and what are its main implications in the new economy, a knowledge-based economy.

Keywords: knowledge; knowledge management; knowledge worker age; knowledge economy; MERITUM project. (search for similar items in EconPapers)
Date: 2010
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