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Knowledge Management as an Aspect of the Intellectual Capital Management

Author

Listed:
  • Liubov Pshenychna

    (Sumy State A.S. Makarenko Pedagogical University, Sumy, Ukraine)

  • Olha Skyba

    (Sumy State A.S. Makarenko Pedagogical University, Sumy, Ukraine)

Abstract

The article describes the essence of the concept of knowledge management as an aspect of intellectual capital management, which serves as the main resource for improving of the company’s competitiveness and defines intellectual capital as an object of management. Managing intellectual capital, representing the company's core value, contributes to achieving the company's goals, creates the prerequisites for innovation, provides benchmarking in all activities, training and motivation of employees, increasing the efficiency of design, procurement and marketing processes, provides a fast pace of corporate development and implements the management process with maximum efficiency.

Suggested Citation

  • Liubov Pshenychna & Olha Skyba, 2017. "Knowledge Management as an Aspect of the Intellectual Capital Management," International Review of Management and Marketing, Econjournals, vol. 7(4), pages 61-66.
    • Handle: RePEc:eco:journ3:2017-04-9
    as

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    References listed on IDEAS

    as
    1. Robert Kolodinsky & Robert Giacalone & Carole Jurkiewicz, 2008. "Workplace Values and Outcomes: Exploring Personal, Organizational, and Interactive Workplace Spirituality," Journal of Business Ethics, Springer, vol. 81(2), pages 465-480, August.
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    More about this item

    Keywords

    knowledge management; intellectual capital; competitiveness; pace of development; company image; professionalism; competence.;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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