Written by some of the leading international scholars in the field, this book presents the current state-of-the-art in knowledge management.

The book offers a strong response to the need for a body of scientific knowledge on the understanding, managing and measuring of knowledge in organizations and brings an international perspective to bear on the issues bridging theory and practice through case study illustrations from Europe, Japan and American companies.

The Learning-Knowledge-Value Cycle

The Learning-Knowledge-Value Cycle

The learning-knowledge-value cycle
ValeryKanevsky and TomHousel

The fundamental building material of a modern corporation is knowledge. The engine of wealth in the ‘third wave’ is creation and utilization of knowledge. Understanding how to accelerate the conversion of knowledge into money is the real challenge in the information age. This ‘knowledge payoff’ occurs when a corporation's most valuable intangible asset - knowledge - is converted into bottom-line value in the form of a concrete, saleable product.

If we can track this conversion process in an objective way, we will have the beginnings of the new finance of the digital economy. Existing accounting methods do not help us track this conversion process because they are based on ‘second wave’, industrial revolution era approaches tied to tracking the ...

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