An integrative concept of the knowledge management cycle and organisational distinctive competences
https://doi.org/10.17747/2618-947X-2024-4-333-337
Abstract
This article develops a complement to the integrative concept of the knowledge management cycle with a strategic competence subsystem, aimed at the sustainable growth of distinctive competences. The presented integrative concept of the knowledge management cycle and the organisation’s distinctive competences allows to extend the conceptual framework of the approach aimed at combining the paradigms of the resource approach to strategic management and knowledge management. It is an attempt at a broader and more systemic interpretation of the approach that has emerged in recent years around the concept of knowledge-based dynamic capabilities (KBDC). As the organisation evolves, capabilities and competencies are constantly and dynamically recombined in updated configurations that allow for a flexible response to changing business conditions while maintaining a conscious focus on the organisation’s significant long-term goals. At the same time, it is important to integrate knowledge as a kind of circulatory system that will circulate between the various competence bodies of the organisation, especially in relation to distinctive competences, although many of the principles are equally applicable to core competences. An organisation within the framework of such a paradigm in the context of the modern knowledge economy, can be defined as an intentionally directed knowledge system that strategically builds its pool of distinctive, key and unique competencies within the framework of an ascending and increasingly complex spiral reproduction of data, information and knowledge flows.
About the Author
S. V. IlkevichRussian Federation
Candidate of economic sciences, associate professor at the Chair of Strategic and Innovative Development, Financial University under the Government of the Russian Federation (Moscow, Russia). ORCID: 0000-0002-8187-8290; Scopus ID: 56028209600; SPIN: 6655-7300.
Research interests: innovations and business models, international business, digital transformation of industries, economy sharing, stock market, portfolio investment, experience economy, internationalisation of education.
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Review
For citations:
Ilkevich S.V. An integrative concept of the knowledge management cycle and organisational distinctive competences. Strategic decisions and risk management. 2024;15(4):333-337. https://doi.org/10.17747/2618-947X-2024-4-333-337