Chase, Editor (1997), “Knowledge Management Benchmarks”, Journal of
Knowledge Management, 1(1):83-92 In this paper begin the examination of some of the factors propelling the global knowledge economy, and then paper then explores knowledge-based organizational strategy, illustrated by a number of case studies from leading practitioners, including British Petroleum, Glaxo Wellcome, ICL, Nokia Telecommunications, the UK Post Office and Zeneca Pharmaceuticals. The concept of Intellectual Capital lies at the heart of Knowledge Management. Some companies define Intellectual Capital in terms of value creation, for others it is value extraction. The two different approaches, illustrated by Skandia and the Dow Chemical Company, are reviewed, along with a new tool for measuring Intellectual Capital. In this paper some of the leading organizations and practitioners have shared their views and concepts. Even at this early stage of understanding, it appears that there is no single off-the-shelf approach to managing knowledge. Rather, each organization must devise and customize its own approach to Knowledge Management in order to gain the maximum benefits it has to offer. 2. Knowledge Management Research Report- 1998, KPMG Consulting The reports principal aims of this survey to establish the extent to which organisations are aware of knowledge management, take it seriously and are pursuing initiatives to implement it and benefit from it. Survey team questioned respondents about their current implementation, awareness and future plans for knowledge management. The research was conducted by The Harris Research Centre in February and March 1998 among chief executives, finance directors, marketing directors and those with specific responsibility for knowledge management in their organisations at 100 leading UK companies with turnover exceeding £200 million a year. This sample was chosen because companies of this size have the greatest need to implement knowledge management initiatives, have possibly the greatest capability and resources to do so and potentially can reap the greatest benefits. The subject focus was the collective knowledge of their organisations’ employees and their own use of information.