The Knowledge Based Organisation – A Major Challenge of the 21st Century

The present context, in the opinion of most specialists, is characterised by “the knowledge based economy, organisation and management”. The novelty of these concepts resides in the transition of the issue of organisation capitals from the tangible to the intangible ones, as the performance of a company is nowadays reflected by the proportion of intangible assets in the total of assets. Adapting to the requirements of the new economy requires an organisation which is knowledge-based, sustainable, simpler and with a lower number of hierarchical levels, a flexible and intelligent one. The transition to the knowledge based organisation generates extensive changes in all the areas of the company, especially in its functions and mission. These aspects need a conceptual and pragmatic solution, supported by scientific research.