The Electronic Journal of Knowledge Management aims to publish perspectives on topics relevant to the study, implementation and management of knowledge management
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Information about the European Conference on Knowledge Management (ECKM) is available here.

For info on the International Conference on Intellectual Capital, Knowledge Management and Organisational Learning (ICICKM), click here
Information about the European Conference on Intellectual Capital (ECIC) is available here
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Journal Article

Knowledge Management Development Challenges of Transition Economy Organisations Representing Different Value Creation Models  pp157-166

Tiit Elenurm

© Nov 2003 Volume 1 Issue 2, Editor: Fergal McGrath, pp1 - 226

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Abstract

This paper addresses knowledge management assumptions and development visions in the following types of organisations: organic product‑focused and organic service‑focused organisations, mechanistic bureaucratic and mechanistic product‑focused organisations that represent different models of value creation. These types of organisations are identified and examined in relation to the changing knowledge management context of the transition economy in Estonia. Knowledge management priorities assessed by representatives of 95 organisations are then discussed in the qualitative research and learning framework.

 

Keywords: knowledge management, value creation, know-how, know-why, transition economy, learning organisation

 

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Journal Article

Understanding Knowledge‑Sharing in Online Communities of Practice  pp18-27

Mark Sharratt, Abel Usoro

© Nov 2003 Volume 1 Issue 2, Editor: Fergal McGrath, pp1 - 226

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Abstract

Information Technology is no longer regarded solely as a repository within knowledge management but also as a collaborative tool. This change of role gives rise to online communities (OLCs), which extend the loci of existing communities of practice. To leverage the potential of these communities, organisations must understand the mechanisms underpinning members' decisions to share knowledge and expertise within the community. This paper discusses existing research and develops a theoretical model of factors that affect knowledge sharing in OLCs. The aim is to increase our understanding of the antecedents to knowledge‑sharing in OLCs.

 

Keywords: knowledge sharing, online communities of practice, extrinsic rewards, motivation, trust, value congruence

 

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Journal Article

Knowledge Value Chain: Implementation of new Product Development System in a Winery  pp77-90

Hong Kun Wong

© Jun 2010 Volume 2 Issue 1, Editor: Charles Despres, pp1 - 90

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Abstract

The paper discusses the positive influence that knowledge creation exerts over organizational performance in regard to collaborative learning environmental and quality uncertainty. The paper shows the Knowledge Value Chain (KVC) would be the best means of expressing the environment and quality condition into corporation rather than the normal value chain and the former is thus becoming more important and significant method of implementation. The Knowledge Value Chain (KVC) will be worked as a model of the knowledge management framework. In a sense, KVC will provide more details how being incorporated with the environmental factors to success the corporation requirements. Eventually, KVC will also discuss how it enabled the corporation improve and develop the most competitive advantage position. As such, it will be widely used worldwide in future as an effective means of corporation management and sustainable development.

 

Keywords: Knowledge value chain, knowledge management, action research, new product development, alcoholic dinks industry, Australia

 

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Journal Article

Intellectual Capital and Value Creation: Evidence from the Por‑tuguese Banking Industry  pp11-20

Maria do Rosário Cabrita, Jorge Landeiro Vaz

© Dec 2005 Volume 4 Issue 1, Editor: Charles Despres, pp1 - 90

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Abstract

Intellectual capital has been described as intangible assets that may be used as a source of sustainable com‑ petitive advantage. However, intellectual capital components have to interact, to create value. Previous studies demon‑ strate that intellectual capital is positively and significantly associated with organizational performance. Our aim is to con‑ solidate these findings, examining the inter‑relationships and the interaction effects among intellectual capital compo‑ nents and organizational performance, in the Portuguese banking context.

 

Keywords: Intellectual capital, human capital, relational capital, structural capital, value creation

 

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Journal Article

The New Business Models in the Knowledge Economy: the Strategic Way to Value Creation  pp159-168

Ilídio Lopes, Maria do Rosário Martins

© Apr 2006 Volume 4 Issue 2, ICICKM 2005, Editor: Charles Despres, pp91 - 216

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Abstract

Over the last decade we have seen the emergence of an economy in which the digital component has become a constant presence in all areas of knowledge. In the digital world, characterised and dominated by a complex connectivity, value assumes a complex meaning, which is strongly distinct from that used in the traditional economy. There are new business concepts, new strategies based on innovation, new mechanisms to create value, and a new need — to build methodologies and metrics that can measure and reflect it.

 

Keywords: Digital economy, knowledge economy, intellectual capital, business models, and value networks

 

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Journal Article

Alternative Accounting to Manage Intellectual Capital  pp7-18

György Boda, Peter Szlávik

© Mar 2007 Volume 5 Issue 1, ECKM 2006, Editor: Charles Despres, pp1 - 130

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Abstract

The connection of intangible assets to cash flow generation is a major management issue. In addition, a majority of the investment is made in the intangible capital items. This paper intends to present an approach that supports the continuous measurement of intangible assets and allows an extended value based management framework that considers both tangible and intangible elements. The value of a company includes significant elements that are not described by the generally accepted accounting methods such as relationship capital, organizational capital, and knowledge and competence of employees. These elements are possible to be presented in an expanded balance sheet. We face challenges when we try to quantify the elements for a concrete date or when we intend to capture the exact changes throughout a certain period. Based on generally accepted accounting standards, the investment into intellectual assets is mostly handled as cost. This cost is accountable against the revenue of the period therefore decreasing the period's profit. This approach does not allow the carrying forward of any cost element for future periods, even in the case of a long term cost. If we reconsider our cost management framework and the costs that serve the development or replacement of intellectual capital items we manage as capital expenditures in intellectual capital items and not as a period's expense, we could build up a ground‑up approach to the handling of intellectual capital items. This approach results in the compilation of two balance sheets and profit & loss accounts that are alternative versions of each other. The visualization of intellectual assets and intellectual capital might significantly change the decision making process and the general thinking of the management. The authors suggest further research in order to support the development of the conceptual framework and the operational rules of practice.

 

Keywords: intellectual capital value based management measurement alternative accounting intangible balanced sheet

 

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Journal Article

Exploration of Knowledge Sharing Challenges in Value Networks: a Case Study in the Finnish Grocery Industry  pp505-514

Hanna Timonen, Jari Ylitalo

© Jan 2008 Volume 5 Issue 4, Editor: Charles Despres, pp347 - 550

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Abstract

Business activities are increasingly organized through networks. This article considers the value network of the Finnish grocery industry, a network where the web of relationships between two or more companies creates tangible and intangible value through the complex and dynamic exchanges. In value networks the relationships between the participants of the network tend to be more complex than the traditional make‑buy‑relationships, as companies create value together through different types of relationships such as deep buyer‑supplier‑relationships or strategic partnerships. This variance in the nature and level of collaborative relationships poses new challenges to knowledge sharing. Complementing previous research on the challenges to knowledge sharing in other network settings, this article explores the knowledge sharing challenges specific to value networks based on a qualitative case study about the value network of the Finnish grocery industry. The data consists of 32 thematic interviews of top and upper management representatives from 16 companies in the value network. The results show that the current collaborative relationships in the Finnish grocery industry are functional and working, but mostly just traditional "arms‑length" buyer‑supplier‑relationships. However, the challenges to knowledge sharing seem to be somewhat different to those present in other network settings. The challenges to knowledge sharing in value networks do not seem to concern so much the opportunities for knowledge sharing, but the motivational and cultural factors affecting what knowledge is shared and how much knowledge is shared. Based on these results, the knowledge sharing challenges of the value network can be crystallized under three points. First, the focus of knowledge sharing has been on information, and the organizational arrangements do not encourage the sharing of valuable know‑how. Second, the organizational cultures and top management directives do not encourage external knowledge sharing, and therefore knowledge is not shared. And third, the experiences of past abuses of trust and the retail groups renewed focus on price bargaining undermine the trust between the companies, thus inhibiting knowledge sharing.

 

Keywords: knowledge sharing, knowledge sharing challenges, value networks, collaboration, case studies

 

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Journal Article

Value Creation in Russian Companies: the Role of Intangible Assets  pp49-60

Dmitry Volkov, Tatiana Garanina

© Jul 2008 Volume 6 Issue 1, Editor: Charles Despres, pp1 - 74

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Abstract

In today's changing economy managers of the leading companies understand that the key sources for value creation are Intangible Assets (IA). The latest surveys confirm the fact that nowadays these assets are the value drivers and not "traditional" assets having tangible form. The same surveys confirm the fact, that one third of all the effected investment solutions is based on the existing Intangible Assets, and that the decisions made on the basis of IA allow them to make a more accurate prediction of income and profitability of a company in the future, and, hence, the company's value for the shareholders. The research held in the paper defines the impact of fundamental value of both tangible and intangible assets on the market value of assets of Russian companies. As a general approach used herein for IA evaluation, the method of Calculated Intangible Value (CIV) offered by T. Stewart was chosen. According to CIV the evaluation of Intangible Assets is based on residual operating income (REOI) model as a variant fundamental value of equity model. The problem of Intangible Assets composition and structure is also covered in the paper. Developed econometric models are tested on the data of Russian stock market for two periods: from 2001 to 2005 year and from 2001 to 2006. In the focus of the research there is both the analysis of the sampled companies (43 companies) as a whole as well as divided into five aggregated fields: mechanical engineering, extractive industry, power engineering, communication services, and metallurgy. At the end of the paper the authors highlight the main directions for further research in the field.

 

Keywords: value creation, intellectual capital, fundamental value of intangible assets, market value, calculated intangible value

 

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