Knowledge Management and Organizational Competence

Two themes have become epicentres of management thinking in the late 1990s: knowledge management and competence-based approaches to strategic management. The former aims to develop available knowledge assets, while the latter seeks to convert knowledge into organizational capabilities.
Two themes have become epicentres of new management thinking in the late 1990s: knowledge management and competence-based approaches to strategic management. Knowledge management is an emerging field of management that undertakes to identify the knowledge assets available to an organization, to evaluate the quality and adequacy of those knowledge assets, to devise processes for assuring effective access to and interactions between knowledge assets, and to establish processes for strategically directed organizational learning that adds to critical knowledge assets. Competence-based approaches to strategic management undertake to identify knowledge and other forms of assets that are critical to development of organizational capabilities, to put in place processes that can effectively convert knowledge into organizational capabilities and competences, and to manage knowledge assets in both competitive and co-operative interactions between firms.