Knowledge Economy and the Necessity of Knowledge Management

Abstract

This paper tries to present an existing relation between knowledge economy and knowledge management. We started by emphasizing the main principles of knowledge society and the consequences that determine the movement to a new economical paradigm. Further, we discussed organization competitiveness as being a critical successfactor for modern organizations. At last we described the link between knowledge and sustainable competitiveness and presented knowledge management as the perfect “recipe” to obtain it.

Keywords

• competitiveness
• knowledge management
• knowledge society
• knowledge economy
• sustainable
• KM activities