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Knowledge Management as Indispensable Factor in the Organizational Changes

Author

Listed:
  • Oliver Momcilovic

    () (MEGATREND University Belgrade)

  • Jasmina Rajakovic

    () (d.o.o. PRIVILEG Sabac)

Abstract

In the history of the modern world, there were three great waves of changes: agricultural, industrial and technological revolution. In the agricultural era, the acquisition of land was the key to success. In the industrial era, it was a capital and investment in capital goods. In the current technological era or the era of "knowledge", it has become a most valuable resource that one organization may have. To be creative and innovative, to think more further than others, have become critical characteristics for success. Technology has facilitated access to information, contributing to the further globalization of markets, automate industry and exponential growth of the amount of information. Knowledge has become the currency of our time, the key to survival and success. Transition from the culture-based industry represents a challenge for the way that people and companies think, work and function.

Suggested Citation

  • Oliver Momcilovic & Jasmina Rajakovic, 2009. "Knowledge Management as Indispensable Factor in the Organizational Changes," Analele Universitatii "Eftimie Murgu" Resita Fascicola de Inginerie, "Eftimie Murgu" University of Resita, vol. 1(XVI), pages 191-202, December.
  • Handle: RePEc:uem:journl:v:1:y:2009:i:xvi:p:191-202
    as

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    File URL: http://www.anale-ing.uem.ro/2009/2009_a28.pdf
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    References listed on IDEAS

    as
    1. Gary K Meek & Clare B Roberts & Sidney J Gray, 1995. "Factors Influencing Voluntary Annual Report Disclosures By U.S., U.K. and Continental European Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 555-572, September.
    2. Amir, Eli & Lev, Baruch, 1996. "Value-relevance of nonfinancial information: The wireless communications industry," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 3-30, October.
    3. Marie Chavent & Yuan Ding & Linghui Fu & Herve Stolowy & Huiwen Wang, 2006. "Disclosure and determinants studies: An extension using the Divisive Clustering Method (DIV)," European Accounting Review, Taylor & Francis Journals, pages 181-218.
    4. Adams, Mike & Hossain, Mahmud, 1998. "Managerial discretion and voluntary disclosure: Empirical evidence from the New Zealand life insurance industry," Journal of Accounting and Public Policy, Elsevier, vol. 17(3), pages 245-281.
    5. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    : knowledge management; change; intellectual capital;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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