Knowledge Management Embedment in Company, Knowledge Repositories, Knowledge Management Significance and Usage in Company

Enterprises (regardless of size, hence small and medium sized including), in order to flourish and stay competitive in the future, have to face and properly address current challenges of market economy. To address them properly, means to adapt and adjust to changeable market conditions, e.g. they can not use 20th century business management in conditions of 21st century. One of essential changes in market economy is the new system of creation of welfare and wealth of both enterprises and countries, that is the knowledge economy. This development means global move from industrial to knowledge society, to the knowledge economy. Our study focuses just on knowledge management, knowledge management and its implementation in enterprise. We describe fundamental steps of implementation and focus on technological background of knowledge management. We have chosen knowledge bases, their uses in a specific company, with a possibility of extension and methods of utilization in enterprises. (C) The Authors. Published by Elsevier B.V.