Knowledge is increasingly regarded as an essential growth factor. Often, it is regarded as a more important asset for stimulation of growth and competitiveness than the mere, though necessary, investment in machinery, buildings and other types of tangible assets. To manage the important asset, organizations interest in knowledge management.
Many organizations that have started to pursue knowledge management have objectives typically are to increase the enterprise’s organizational effectiveness and to improve its short- and long-term competitiveness. Most management teams pursue KM by conviction based on their management philosophy and broader understanding of economic and competitive forces. The overall purpose of knowledge management is to maximize the enterprise’s knowledge-related effectiveness and returns them constantly.
The knowledge asset report thus help pave the way for the company to its future. The knowledge asset report forms the bridge to the future. They show the development of some of the circumstances underlying the company’s future growth. Consequently, the measurements of the intellectual capital accounts are closely related with KM and the strategy of the company. These three cannot be separated. Most of the measurements of the intellectual capital accounts are not linked in a consistent model; they tend to be put together or next to each other. Therefore, communicating how they inform about corporate strategies and future visions are imperative to the companies
In this study, to maximize the effectiveness of KM, it suggests to be put together, the knowledge management strategy and knowledge asset report.
