The concept of knowledge and knowledge management in the Romanian business field

Abstract

The concepts of knowledge and knowledge management have a significant position at the business level in Romania. Their importance is given by a created competitive advantage among organizations. Such knowledge is lived and felt  experience, the use that may lead to several results. Knowledge Management was developed as a philosophy and applications by companies, but it offers a number of concepts and models which can be expanded regionally to generate significant positive impact on regional development. That education and knowledge are considered assets of a business productive, as they may be primary factors in making a most valuable product or service. The scope of knowledge management in Romania is the process that occurs in the organization and coordination of knowledge of each organization separately.