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Journal cover: Journal of Knowledge Management

Journal of Knowledge Management

ISSN: 1367-3270

Online from: 1997

Subject Area: Information and Knowledge Management

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Knowledge Management: An Introduction and Perspective

Document Information:
Title:Knowledge Management: An Introduction and Perspective
Author(s):Karl M. Wiig, (Chairman, Knowledge Research Institute, Inc.)
Citation:Karl M. Wiig, (1997) "Knowledge Management: An Introduction and Perspective", Journal of Knowledge Management, Vol. 1 Iss: 1, pp.6 - 14
Keywords:Economics of ideas, Intellectual capital, Knowledge creation, Knowledge Management, Knowledge Management strategies, Knowledge processes
Article type:Conceptual Paper
DOI:10.1108/13673279710800682 (Permanent URL)
Publisher:MCB UP Ltd
Abstract:Leaders of successful organizations are consistently searching for better ways to improve performance and results. Frequent disappointments with past management initiatives have motivated managers to gain new understandings into the underlying, but complex mechanisms - such as knowledge - which govern an enterprise’s effectiveness. Knowledge Management, far from being a management “fad”, is broad, multi-dimensional and covers most aspects of the enterprise’s activities. To be competitive and successful, experience shows that enterprises must create and sustain a balanced intellectual capital portfolio. They need to set broad priorities and integrate the goals of managing intellectual capital and the corresponding effective knowledge processes. This requires systematic Knowledge Management. With knowledge as the major driving force behind the “economics of ideas”, we can expect that the emphasis on knowledge creation, development, organization and leverage will continue to be the prime focus for improving society.

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