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Knowledge Based Company– a Theoretical Approach

Author

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  • Cuºu Dorinela

    () (“Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

In a stable economic environment, the change may be slow, and the organization would have time to react and maintain its competitive advantages. In contrast in a knowledge-based economy, the economic environment changes rapidly and the response is not the best alternative; in order to succeed, the organizations must be proactive, to anticipate, to be directed towards learning and permanently development. The main resource of a knowledge-based company is the knowledge. This company is focused on knowledge creation, acquisition, learning, use, sharing, integration, exploitation and protection in order to achieve economic and social performance. From these considerations it is clear that the knowledge-based company is the learning organization that develops over time as the result of commitment and management processes applied and constantly pursued. Resources within the organization are directed toward learning. In the knowledge-based organizations are thus new opportunities for motivating employees to learn, by leaders, ways that in the traditional economy weren’t an option.

Suggested Citation

  • Cuºu Dorinela, 2011. "Knowledge Based Company– a Theoretical Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 307-310, May.
  • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:307-310
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