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Home > QFINANCE Dictionary > Definition of knowledge management

Definition of

knowledge management

General Management

use of organization's knowledge for competitive advantage the coordination and exploitation of an organization's knowledge resources, in order to create benefit and competitive advantage

Recommended Further Reading (Term count)
  • Intellectual Capital
    by Thomas A. Stewart
    Intellectual capital is just that: a capital asset consisting of intellectual material. To be considered intellectual capital, knowledge must be an asset able to be used to create wealth. Thus, intellectual capital includes the talents and skills of individuals and groups; technological and social networks and the software and culture that connect them; and intellectual property such as patents, copyrights, methods, procedures, archives, etc. It...
  • Intellectual Capital: The New Wealth of Organizations
    Thomas A. Stewart (1997)
    The definitive guide to understanding and managing intangible assets, from the pioneer of knowledge management. Shows how theories on knowledge management are valuable to any organization that wants to improve the return on its intellectual capital. Argues that knowledge working will change the pattern of careers in the 21st century.  
  • Mergers and Acquisitions: Patterns, Motives, and Strategic Fit
    by Siri Terjesen
    Mergers and acquisitions are two broad types of restructuring through which managers seek economies of scale, enhanced market visibility, and other efficiencies. A merger occurs when two companies decide to combine their assets and liabilities into one entity, or when one company purchases another. The term is often used to describe a merger of equals, such as that of Daimler-Benz and Chrysler, which was renamed DaimlerChrysler (see case study)....
  • Managing Intellectual Capital
    by Leif Edvinsson
    Intellectual capital (IC) is an offspring of the knowledge era. It is still in its formative phase, having first been formally recognized in 1991 when the large Swedish corporation, Skandia, started implementing a comprehensive set of innovative knowledge practices to account for its intangible assets. This pioneering initiative, championed by Jan Carendi and Bjorn Wolrath, resulted in Leif Edvinsson being appointed as the world’s first Director...

Definitions of ’knowledge management’ and meaning of ’knowledge management’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’knowledge management’ and other financial terms with our online QFINANCE Financial Dictionary.

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