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Knowledge Management as an Economic Development Strategy

PublisherU.S. Department of Commerce
Format123.6KB PDF, requires Acrobat Rdr 5Date added01 Apr 2001
Topics Knowledge Management
Downloads108

This paper explains how knowledge management plays an important part in economic development strategy. The shift to an information economy is creating new challenges for economic development. As knowledge and information play an increasingly important role in economic activity, the needs of businesses have changed. The tools and techniques of Knowledge Management can help economic development practitioners face this new environment. Economic development organizations can use KM tools to enhance the external communications of local companies, including for e-commerce and marketing. They can also promote the use of KM tools and techniques to help local businesses capture and utilize their knowledge and information assets.

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