Is There a Difference between Knowledge Management and Intellectual Capital?

Abstract

Knowledge management has become increasingly popular as a concept in business and management circles as the following quotes illustrate:

Knowledge Management is an integrated, systematic approach to identifying, managing, and sharing all of an enterprise’s assets, including databases, documents, policies, and procedures, as well as previously unarticulated expertise and experience held by individual workers. (Barron, 2000)

Knowledge Management is a generic description of the culture, processes, infrastructure and technology within an organisation which maintains, grows, and optimises the use of its intellectual capital to deliver the strategic goals of an organisation with measurable financial results in the market place. (Handley, 2000, personal communication)

Knowledge Management is the expropriation and process of professional knowledge in the hands of professionals who have traditionally used their knowledge to barter power, prestige and autonomy from management. It represents the last battleground between management and intellectual labour. (Kouzmin, 2000, personal communication)