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Knowledge Management And Value Creation

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  • Péter Szmodics

    (Corvinus University of Budapest)

Abstract

Understanding the role of knowledge-based processes is one of the key elements to correctly interpret the possible value chains within the organisations. The current researchïs aim is to introduce a pragmatic approach about how to manage knowledge effectively. As a general introduction the related standards and best practices will be introduced. After gaining a common understanding about the domain, a holistic framework is collated. 100 company representatives (Hungarians and non-Hungarians) were asked about the followings: process management, knowledge management, strategy and their connection with value creation. The respondents provided a summary about their own attitude and their organisationïs current status. Evaluating the standards against the answers allows a detailed gap analysis what covers both the technical and the human aspects. Although the exploration of the knowledge management is complex, especially from this point of view, the results may provide a coherent composition of the crucial factors already at preliminary stage. Collecting the components helps with indicating the relevance of the domain, and shows those sub-areas what require more attention by pinpointing the possible value creating opportunities or barriers. The research has dual-purpose: it presents the theoretical background and it gives a practical guideline.

Suggested Citation

  • Péter Szmodics, 2015. "Knowledge Management And Value Creation," Enterprise Theory and Practice Doctoral School (ETPDS) Working Papers 19, Faculty of Economics, University of Miskolc.
    • Handle: RePEc:mic:etpdsw:19
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    File URL: http://tmp.gtk.uni-miskolc.hu/pdf/mic/etpdsw/18.pdf
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    References listed on IDEAS

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    2. Soo-Hoon Lee, 1999. "Taxonomy Of Hrm Policies Of Knowledge-Based Firms: A Resource-Based Explanation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 379-395.
    3. Nurmi, Raimo, 1998. "Knowledge-intensive firms," Business Horizons, Elsevier, vol. 41(3), pages 26-32.
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