THE KNOWLEDGE ECONOMY AS A FACTOR FOR ENTERPRISE DEVELOPMENT IN MANAGEMENT SYSTEM

Svitlana KHAMINICH, Krystyna HETI

KHAMINICH S., HETI K. (2023), THE KNOWLEDGE ECONOMY AS A FACTOR FOR ENTERPRISE DEVELOPMENT IN MANAGEMENT SYSTEM. PHILOSOPHY, ECONOMICS AND LAW REVIEW. Volume 3, no. 1, 103-115

DOI: 10.31733/2786-491X-2023-1-103-115

 

ABSTRACT. The article describes the basic concepts of the economy of knowledge, its importance and features. A discussion is made about the role of the economy of knowledge in the management system and recommendations for the use of knowledge in the management of the enterprise. An analysis of the part of knowledge in the management of the enterprise has been carried out, including the main approaches to the management of knowledge and methods of its development. In the concluding part of the article, the study’s results are presented, including an inventory of the methodology, which is helpful in analyzing the data and interpreting the results. The main hypothesis, translated into this article, is that the effective use of knowledge in the management of enterprises is a key factor in achieving competitive advantages and success in the modern economy.

The article is relevant regarding the development of technologies and the ability to compete in the market. To support and provide a foundation for recommendations for enhancing knowledge management procedures in businesses, a study has been conducted to better understand the role of the knowledge economy in enterprise management, which is the key factor affecting the efficacy of the use of knowledge. The results of this research can be used as a basis for the business of enterprises, as well as for the beneficiaries of the effective use of knowledge in their activities, as well as for the researchers, who deal with the topic of the economy of knowledge and their role in the modern economy, and also for the faculties in the field of knowledge management, as well as for the development of strategies for managing knowledge in companies.

Keywords: economy of knowledge, enterprise, company, management, competitive transport, business environment.

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