KNOWLEDGE IN THE FUNCTION OF DEVELOPMENT AND INVESTMENT
Keywords:
knowledge, investments, development, organizationAbstract
A business philosophy in which knowledge is a key competitive advantage is the basis of investment and development policy. Modern market economy implies technological and informational superiority and finding ways to use it as such on the market. Conscious of this importance, many organisations want and strive to use existing and new knowledge for the purpose of investment and development. The development and application of knowledge make it possible to make a huge strategic step in the direction of investments, without which there is practically no effect on the market. The aim of this paper is to define the importance of knowledge for the development of the organisation through economic theory and certain expert and economic knowledge. Knowledge management, investment and development are the single most important economic factor in competitiveness in the global market, and it can be concluded that the advantages of the market can be achieved by its practical application.
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