—The increased prominence of knowledge related
economics from the beginning of the 1990,s have coexisted with
the development of the new view on business strategy that
emphasizes resource efficiency rather than the generally
accepted competitive forces. Organizations are implementing
knowledge management (KM) systems with the assumption that
the result will be an increase in organizational effectiveness,
efficiency, and competitiveness. Practices of knowledge
management are context-specific and they can influence
organizational effectiveness. Using the lessons learned from
early adopters, many organizations have effectively provided
their employees with the tools they need for managing and
sharing knowledge. In the e-economy era, for achieve and
sustain the competitive advantage, the implementation of
strategic knowledge management (SKM) is undeniable.
Through knowledge driven reconfiguration, integration and
innovation of organizational competencies, are gained. And
consequently knowledge oriented organizational subsystems,
provide the basis for strategic knowledge management enabling
competencies to combine their knowledge on markets and
products to gain sustainable competitive advantage. In this
paper a framework for the evaluating the knowledge
management implementation from the economic perspective
will presented. For meet this purpose data was gathered from
the experts of the field. In this paper, after literature review for
the SKM and economic perspective of SKM, by means of a
standard questionnaire required data was gathered from the
experts in both academician and professional section of the field.
After analysis the data the main economic factors affecting the
SKM implementation in the financial services with focus on
banking sector, will recognized and presented. In the final part
of the paper applied and theatrical recommendations will
—knowledge management, financial services,
strategic, Economic perspective, banking sector.
Mohammad Safari Kahreh is with the Department of Business
Administration, in Tehran, Iran.
Cite:Mohammad Safari Kahreh, "Economics of Strategic Knowledge Management: A New Model for Assessment," International Journal of Trade, Economics and Finance vol.2, no.3, pp. 257-262, 2011.