This paper views knowledge management （KM） investment from the angle of real options, and demonstrates the utility of the real options approach to KM investment analysis. First, KM project has characteristics of unc...This paper views knowledge management （KM） investment from the angle of real options, and demonstrates the utility of the real options approach to KM investment analysis. First, KM project has characteristics of uncertainty, irreversibility and choice of timing, which suggests that we can appraise KM investment by real options theory. Second, the paper analyses corresponding states of real options in KM and finance options. Then, this paper sheds light on the way to the application of binomial pricing method to KM investment model, which includes modeling and conducting KM options. Finally, different results are shown of using DCF method and binomial model of option evaluation via a case.展开更多
According to the relation of organizational knowledge, this paper analyzes the structure of organizational knowledge at first. A concept of knowledge tree is introduced and a process model of knowledge management is d...According to the relation of organizational knowledge, this paper analyzes the structure of organizational knowledge at first. A concept of knowledge tree is introduced and a process model of knowledge management is described by a knowledge tree. In this paper a definition of value of knowledge is given and the life cycle of a knowledge tree is analyzed. Finally, some principles for knowledge management are presented.展开更多
基金This paper is supported by National Natural Science Foundation of China （NSFC） and Ph.D. Research Fund.
文摘This paper views knowledge management （KM） investment from the angle of real options, and demonstrates the utility of the real options approach to KM investment analysis. First, KM project has characteristics of uncertainty, irreversibility and choice of timing, which suggests that we can appraise KM investment by real options theory. Second, the paper analyses corresponding states of real options in KM and finance options. Then, this paper sheds light on the way to the application of binomial pricing method to KM investment model, which includes modeling and conducting KM options. Finally, different results are shown of using DCF method and binomial model of option evaluation via a case.
基金This research is supported by National 863 High- Tech Scheme of China (863- 511- 910 - 40 3)
文摘According to the relation of organizational knowledge, this paper analyzes the structure of organizational knowledge at first. A concept of knowledge tree is introduced and a process model of knowledge management is described by a knowledge tree. In this paper a definition of value of knowledge is given and the life cycle of a knowledge tree is analyzed. Finally, some principles for knowledge management are presented.
