The Knowledge Based Economy And Knowledge Management

For the past years, information and knowledge are replacing capital and energy as the primary wealth-creating assets, generating a new type of economy, and called knowledge based economy (KBE), within knowledge management is the main instrument for the companies to obtain competitive advantage. Given the goal of EU established at Lisbon and the perspective of Romania’s accession to EU, Romanian companies must align their management practices with knowledge management in order to survive on a broader and international market and in order to obtain competitive advantage.