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For most companies the immediate challenge is to create a knowledge‐based business which can capitalize on the opportunities afforded by the emerging knowledge economy. This includes the challenge of gaining acceptability within the organization of the theory and practice of Knowledge Management. It also includes the challenge of institutionalizing the Knowledge Management process, with attention to both sharing existing knowledge and creating and commercializing new knowledge.
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Skyrme et al. (1997) studied this question.
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