Knowledge Creation and Management: New Challenges for Managers

The book Knowledge Creation and Management: New Challenges for Managers reflects our contention that the knowledge-based management of corporation is now at the center of what management has to do in today's fast-changing global environment. It is the fundamental purpose of the book to provide managers with the understanding and tools for successfully employing knowledge management in their organizations. In this phase of globalization, much manufacturing and back office work is being transferred beyond geographical boundaries, often to countries with newly moving operations to the more developed world to create and offer knowledge and knowledge-based services that at least at the present time can only be done in these countries. This emphasis on change in the global enviroment puts knowledge management at the heart of what organizations need to do to cope with today's fast-changing environment. Therefore, the success of a company in the 21st century will be determined by the extent to wich its leaders can develop intellectual capital through knowledge creation and sharing on a global basis. Knowledge constitutes a competitive advantage in this age. Knowledge creation and imagination have never been more important than in this age of globalization since, in a flat world, so many of the inpus and tools for collaboration are becomming commodities available to everybody.