Knowledge Management Concepts and Models Applicable in Regional Development

The paper discusses the relationship between the knowledge management models, the knowledge transfer processes, and the intellectual capital of an organization. The field of knowledge, and knowledge management, is approached both historically, and from a synchronous perspective, by presenting theoretical models of knowledge management and IC management, and by examining business clusters, as a source of competitive advantage. Some metrics for regional intellectual capital are also proposed.clusters, intellectual capital, knowledge management.