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Facilitating knowledge management through market mechanism

โœ Scribed by Kevin C. Desouza; Yukika Awazu; Shigetaka Yamakawa; Masashi Umezawa

Book ID
102447414
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
195 KB
Volume
12
Category
Article
ISSN
1092-4604

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โœฆ Synopsis

Abstract

While knowledge markets are in existence and have been shown to be valuable, researchers have yet to systematically investigate them. In this paper, we take the first steps towards an investigation into the mechanisms of knowledge markets. Specifically, we employ a mathematical orientation to demonstrate the pivotal role played by pricing schemes in knowledge management agendas. Our work contributes to the field of knowledge management by providing mathematical proofs rather than anecdotal evidence regarding the significance of pricing knowledge in organizations. Copyright ยฉ 2005 John Wiley & Sons, Ltd.

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Knowledge management is a key issue to firms. While many firms have gained a considerable technological edge over their competitors, managers in these firms still find themselves inadequate to deal with knowledge. Knowledge derived from technology is mostly conceived in syntactic levels, which manag