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Abstract
Today, the success of an economy and an organization depends on the success of the knowledge-based factors in that organization. In a knowledge-based economy, the competition model based on industrialization and cost centering has changed into an effective production model and the distribution and transfer of knowledge for the creation of wealth. Hence, improving the capacity of innovative organizations and acquiring new knowledge is definitely the key to developing a knowledge-based economy. This focus on knowledge mainly emphasizes the economic effectiveness. Knowledge management has the benefits of better product performance and faster response to evolving markets. By using knowledge management, loss of effort and loss of resource intensity can be avoided and innovative success can be achieved. Having a committed and compassionate workforce is also one of the other benefits of knowledge management. Human resources constitute the bulk of manufacturing and operational facilities of industrial organizations and centers. Companies with skilled managers and employees are more likely to succeed than other companies without such privileges. If individuals are equipped with better education and training, they are better off performing their duties and more capable of learning how to do their work and advanced production, and training can increase the level of skills of managers and staff and make effective achievements in terms of performance.
References
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