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| Author: | Clare, M. |
| Title: | Solving the Knowledge-Value Equation (Part One) |
| Journal: | Knowledge Management Review
2002 : MAY-JUN, VOL. 5:2, p. 14-17 |
| Index terms: | KNOWLEDGE MANAGEMENT EQUATIONS VALUATION ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | The paper states that the essence of knowledge management is making the link between knowledge and value visible and finding ways to protect and leverage it. To do this most effectively the authors need productive definitions of knowledge and value. Narrow definitions tend to produce KM efforts that look just like information technology or human resource interventions, leaving the unique value that KM has to offer on the table. The author also states that knowledge management activities can't operate in a vacuum. The pressures of corporate finance directors make it critical to understand how knowledge management activities impact the firm's economics. Here, the author shows us how to discover value by using financial concepts of measuring returns with discounted cash flow models. |
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