Significance of knowledge management in Republic of Macedonia-traditions and challenges
Significance of knowledge management in Republic of Macedonia-traditions and challenges

Summary/Abstract: The strongest economies in the world are economies based upon knowledge. Nowadays, their survival depends solely upon creating, spreading, accepting and applying knowledge – complex processes which require effective management. Usually, knowledge management is the most important part of human resources management in every organisation, both public and private. To Macedonia, which has a need of strong economic growth and positioning in the intensely competitive world economy, knowledge management holds a great significance. The subject of this paper, via empirical research, is the determining of the current condition and the challenges in this field. In Macedonia, the key factors for recognising and implementing the knowledge management process are the organisational culture and the operation style of the managers – factors which still have not received the necessary attention in the two-decade long process of transition towards a market economy. The research conducted expectedly shows that people are not acquainted enough with the concept, that some of its elements are intuitively applied and that the awareness that it is needed is rising. Therefore, it is necessary to take steps for realising a competitive advantage in the changeable business environment.

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