transition from industrial to knowledge societies. The approach followed consists of a theoretical analysis of the redefinition … due consideration. As a result, knowledge-based value is characterized through represented experience, i.e., acquired …. The paper concludes that a new economic culture shall evolve in parallel to the emergence of knowledge cities and …

encouraging, supporting, and advancing knowledge production (research, research and experimental development, R&D) and knowledge … of its employees (and their competences) as a potential opportunity and asset to perform creatively in knowledge … production and knowledge application. The academic firm has an interest to engage in networks with universities (higher education …