DIMENSIONS OF KNOWLEDGE CAPITAL

Abstract: The paper deals with the context in which the basis of competitive advantage and the functions of management have been fundamentally altered. These changes include a decrease in the cost of information flows, an increase in the number of markets and deregulation of international financial flows. Now, the new core business is development and deployment of intangible assets (knowledge). The traditional bases for competitive advantage, such as access to natural resources, access to skilled labor and ownership of plants and equipment, are being stripped away and superseded by the science and art of making the most from the organizational knowledge capital, seen as a strategic resource