Economists, administrators, academicians, entrepreneurs, accountants and managers are used to dealing with physical assets and understand their importance and correlations through quantities, wages, prices, profits, etc. They understand the importance of education; yet they find it difficult to evaluate knowledge, it being abstract and subjective.

Managing knowledge is a process, which involves a multi-period decision framework, starting from investments in research and development to diffusion of knowledge to creation of innovations and finally capturing value through commercialization of inventions and innovations. The whole process is ridden with uncertainties and difficulties in managing the complexities. Read More »