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Knowledge Management – the Key Resource in the Knowledge Economy

Author

Listed:
  • George Ciprian GIJU

    (Valahia University of Targoviste)

  • Leonardo BADEA

    (Valahia University of Targoviste)

  • Víctor Raúl LÓPEZ RUIZ

    (University of Castilla La Mancha)

  • Domingo NEVADO PEÑA

    (University of Castilla La Mancha)

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.

Suggested Citation

  • George Ciprian GIJU & Leonardo BADEA & Víctor Raúl LÓPEZ RUIZ & Domingo NEVADO PEÑA, 2010. "Knowledge Management – the Key Resource in the Knowledge Economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 6(6(547)), pages 27-36, June.
    • Handle: RePEc:agr:journl:v:6(547):y:2010:i:6(547):p:27-36
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    Cited by:

    1. Zakharova Oksana, 2019. "Specificity of Knowledge Management in the Enterprise in Dependence on the Stage of the Person’s Life Cycle," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1447-1465, December.

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