Email this article 
Integration of economic intelligence and knowledge management in the decision-making process
Abstract
Abctract. The fact that a company's performance and efficiency are related to the decision-making process requires a considerable amount of up-to-date, relevant and high quality data, information and knowledge. This paper is a theoretical research based on various studies about knowledge management processes, economic intelligence and the relationships between them, as well as their practices within companies and their integration into the decision-making process in order to ensure the sustainability of the company and its economic development. This paper proposes a knowledge-based approach to analyze the decision making process. More precisely, it is used to assess the importance of information and the decision making criteria.
Keywords. Economic intelligence, Knowledge management, Decision making.
JEL. A12, D01, D81, D91, E71.Keywords
Full Text:
Zotero
MendeleyReferences
Adirekpullap, T. (2008). Integration of business intelligence and knowledge management as a strategic intelligence tool, University of Nottingham, a management project presented in part consideration for the degree of general MBA.
Afnor, A. (1998). La norme XP X50-053 Prestation de veille et mise en place d’un système de veille, in: Hermel L. (2001). Maîtriser et Pratiquer la Veille Stratégique, AFNOR.
Albescu, F., Pugna, I., & Paraschiv, D. (2008). Business Intelligence & Knowledge Management – technological support for strategic management in the knowledge based economy, Revista Informatica Economică, 4(48), 5-12.
Allard, S. & Holsapple, C.W. (2002). Knowledge management as a key for e-business competitiveness: from the knowledge chain to KM Audits, The Journal of Computer Information Systems, 42(5), 19-25.
Anguilar, F.J. (1996). Scanning the Business Environment. New York: MacMillan.
Beckett, A.J., Wainwright, C.E.R., & Bance, D. (2000). Knowledge management: strategy or software? Management Decision, 38(9), 601-606. doi. 10.1108/00251740010357221
Beer, S. (1972). Brain of the firm: A Development in Management Cybernetics, McGraw-Hill.
Berawi, M.A. (2004). Quality revolution: Leading the innovation and competitive advantage, International Journal of Quality & Reliability Management, 21(4), 425-438. doi. 10.1108/02656710410530118
Bhatt, G.D. (2001). Knowledge management in organizations: examining the interaction between technologies, techniques, and people, Journal of Knowledge Management, 5(1), 68-75. doi. 10.1108/13673270110384419
Bhojaraju, G. (2005). Knowledge management: why do we need it for corporates, Malaysian Journal of Library & Information Science, 10(2), 37-50.
Bolukbas, U., & Guneri, A.F. (2017). Knowledge-based decision making for the technology competency analysis of manufacturing enterprises, Applied Soft Computing, 67, 781-799. doi. 10.1016/j.asoc.2017.11.023
Boonsiritomachai, W., McGrath, M., & Burgess, S. (2014). A research framework for the adoption of business intelligence by small and medium-sized enterprises, Small Enterprise Association of Australia and New Zealand 27th Annual Seaanz Conference, 3(1), 122-163. [Retrieved from].
Braganza, A., Edwards, C., & Lambert, R. (1999). A taxonomy of knowledge projects to underpin organizational innovation and competitiveness, Knowledge and Process Management, 6(2), 83-90. doi. 10.1002/(SICI)1099-1441(199906)6:2<83::AID-KPM55>3.0.CO;2-K
Cappelin, R. (2003). Territorial knowledge management: towards a metrics of cognitive dimension of agglomeration economies, International Journal of Technology Management, 26(2/3/4), 303-325. doi. 10.1504/IJTM.2003.003384
Carnicky, S., & Mesaross, P. (2006). The need for the implementation of knowledge management in the Slovak enterprises. Journal of Economics. 54(4), 386-402.
Chakravarthy, B., McEvily, S., Doz, Y., & Rau, D. (2003). Knowledge management and competitive advantage, in M. Easterby-Smith, & M.A. Lyles, (Eds), The Blackwell Handbook of Organizational Learning and Knowledge Management, (pp.305-323), Blackwell Publishing, Oxford.
Choi, B., & Lee, B. (2003). An empirical investigation of KM styles and their effect on corporate performance, Information and Management, 40(5), 403-411. doi. 10.1016/S0378-7206(02)00060-5
Chuang, S. (2004). A resource based perspective on knowledge management capability and competitive advantage: An empirical investigation, Expert Systems with Application, 27(3), 459-465. 10.1016/j.eswa.2004.05.008
Civi, E. (2000). Knowledge management as a competitive asset: A review, Marketing Intelligence and Planning, 18(4), 166-74.
Clarke, J., & Turner, P. (2004). Global competition and the Australian Biotechnology industry: developing a model of SMEs knowledge management strategies, Knowledge and Process Management, 11(1), 38-46. doi. 10.1002/kpm.190
Cody, W.F., Kreulen, J.T., Krishna, V., & Spangler W.S. (2002). The integration of business intelligence and knowledge management, IBM System Journal, 41(4), 697-713. doi. 10.1147/sj.414.0697
Cook, C., & Cook, M. (2000). The Convergence of Knowledge Management and Business Intelligence, Auerbach Publications, New York.
Cui, Z., Damiani, E., & Leida, M. (2007). Benefits of Ontologies in Real Time Data Access, Digital EcoSystems and Technologies Conference, DEST. Inaugural IEEE-IES, 392-397, 21-23. doi. 10.1109/DEST.2007.372004
Czan, A., Sajgalik, M., Martikan, A., & Mrazik, J. (2014). Observation of dynamic processes in cutting zone when machining nickel alloys. Communications, 16(3A), 161-168.
Darroch, J., & McNaughton, R. (2003). Beyond market orientation: Knowledge management and the innovativeness of New Zealand firms, European Journal of Marketing, 37(3/4), 93-572. doi. 10.1108/03090560310459096
Davenport, T.H. (2006). Competing on Analytics. Harvard Business Review, 84(1), 98-107.
DeTienne, K.B., & Jackson, L.A. (2001). Knowledge management; understanding theory and developing strategy, Competitiveness Review, 11(1), 1-11. doi. 10.1108/eb046415
Drucker, P.F. (1968). Decision-making and the effective executive. The Bulletin of the National Association of Secondary School Principals, 52(328), 24–39. doi. 10.1177/019263656805232803
Ermine, J-L. (2003). La gestion des connaissances, Hermès, 50-110.
Foo, C., Rudner, M., Rönnberg, J., & Lunner, T. (2007). Recognition of speech in noise with new hearing instrument compression release settings requires explicit cognitive storage and processing capacity. J. Am. Acad. Audiol, 18(7), 618–631. doi. 10.3766/jaaa.18.7.8
Francisco, J.F., & Guadamillas, F. (2002). A case study on the implementation of a knowledgemanagement strategy oriented to innovation, Knowledge and Process Management, 9(3), 162-71. doi. 10.1002/kpm.143
Gloet, M., & Terziovski, M. (2004). Exploring the relationship between knowledge management practices and innovation performance, Journal of Manufacturing Technology Management, 15(5), 402-409. doi. 10.1108/17410380410540390
Gold, A.H., Malhotra, A., & Segars, A.H. (2001). Knowledge management: an organizational capabilities perspective, Journal of Management Information Systems,18(1), 185-214. doi. 10.1080/07421222.2001.11045669
Goria, S. (2006). Knowledge Management et Intelligence Economique: deux notions aux passés proches et aux futurs complémentaires, Revue ISDM (Informations, Savoirs, Décisions et Médiations, Journal International des Sciences de l'Information et de la Communication), 27, 1-16.
Gupta, A.K., & Govindrajan, V. (2000). Knowledge management’s social dimension: lessons form Nucor Steel, Sloan Management Review, 42(1), 71-80.
Henry, N.L. (1974). Knowledge management: A new concern for public administration, Public Administration Review, 34(1), 189-219.
Herbert, A.S. (1950). Theories of decision-making in economics and behavioral science, The American Economic Review, 49(3), 253-283.
Herschel, R.T. & Jones N.E. (2005). Knowledge management and business intelligence: the importance of integration, Journal of Knowledge Management, 9(4), 45- 55. doi. 10.1108/13673270510610323
Holsapple, C.W., & Jones, K. (2004). Exploring primary activities of the knowledge chain, Knowledge and Process Management, 11(3), 155-74. doi. 10.1002/kpm.200
Holsapple, C.W., & Jones, K. (2005). Exploring secondary activities of the knowledge chain, Knowledge and Process Management, 12(1), 3-31. doi. 10.1002/kpm.219
Hrubizna, M. (2015). Decision-making in knowledge management, University of Zilina, PhD thesis.
Jaklic, J., Coelho. P.S., & Popovic, A. (2009). Information quality improvement as a measure of business intelligence system benefits, Wseas Transactions on Business and Economics, 6(9), 502-511.
Kalling, T. (2003). Knowledge management and the occasional links with performance, Journal of Knowledge Management, 7(3), 67-81. 10.1108/13673270310485631
Keegan, W.J. (1968). The acquisition of global information. Information Management Review, 8(1), 54-56.
Khan, R.A., & Quadri, S.K. (2012). Dovetailing of Business Intelligence and Knowledge Management: An Integrative Framework. Information and Knowledge Management, 2(4), 1-7.
Lee, C.C., & Yang, J. (2000). Knowledge value chain, The Journal of Management Development, 19(9/10), 783-93.
Lee, H., & Choi, B. (2003). Knowledge management enablers, processes, and organizational performance: an integrative view and empirical examination, Journal of Management Information Systems, 20(1), 179-228.
Litvaj, I., Ponisciakova, O., Stancekova, D., & Drbul, M., (2013). Knowledge processes and their implementation in small transport companies, Transport Means, 23, 153 - 156. 10.1016/S2212-5671(15)00547-X
Liu, P., Chen, W., & Tsai, C. (2004). An empirical study on the correlation between knowledge management capability and competitiveness in Taiwan’s industries, Technovation, 24(12), 971-977. doi. 10.1016/S0166-4972(03)00061-0
Luhn, H.P. (1958). A business intelligence system, IBM Journal of Research and Development, 2(4), 314-319. 10.1147/rd.24.0314
Massey, A.P., Montoya-Weiss, M.M., & O’Driscoll, T.M. (2002). Knowledge management in pursuit of performance: insights from Nortel Networks, MIS Quarterly, 26(3), 269-289.
McAdam, R. (2000). Knowledge management as a catalyst for innovation within organizations: a qualitative study, Knowledge and Process Management, 7(4), 233-242. 10.1002/1099-1441(200010/12)7:4<233::AID-KPM94>3.0.CO;2-F
Mrazova, M., Stancekova, D., & Semcer, J. (2011). Comparasion of machinabile materials used in medicine for dental implants. DAAAM, Vienna.
Muhammad, G., Ibrahim, J., Bhatti, B., & Waqas, A. (2014). Business intelligence as a knowledge management tool in providing financial consultancy services, American Journal of Information Systems, 2(2), 26-32. 10.12691/ajis-2-2-1
Nprstkov, N., Cais, J., & Stančekov, D. (2014). Influence of strontium in AlSi7Mg0.3 alloy on the tool wear. Manufacturing Technology, 14(1), 75-79.
Nonaka, I., & Takeuchi, H. (1999). La connaissance créatrice: la dynamique de l’entreprise apprenante, De Boeck.
Okkonen, J., Pirttimäki V., Hannula M., & Lönnqvist A., (2002). Triangle of Business Intelligence, Strategic Performance Measurement and Knowledge Management, Proceedings of the 2nd Annual Conference on Innovative Research in Management, Stockholm.
Olszak, C.M., & Ziemba, E. (2010). Knowledge management curriculum development: Linking with real business needs, Issues in Informing Science and Information Technology, 7(1), 235-248.
Panian, Z. (2008). How to make business intelligence actionable through service-oriented architectures, Wseas Transactions on Business and Economics, 5(5), 210-221.
Paquet, P. (2006). De l’information la connaissance, laboratoire orléanais de recherché, Cahier de Recherchen, 1, 6-7.
Pickering, J.M. & King, J.L. (1995). Hardwiring weak ties: Interorganizational computer- mediated communication, occupational communities, and organizational change, Organization Science, 6(4), 479-486. 10.1287/orsc.6.4.479
Polanyi, M. (1958). Personal Knowledge: Towards a Post-Critical Philosophy, The University of Chicago Press, Chicago.
Porter, M. (1980). Competitive Strategy, Editions Free Press, New York. Harbulot C., (1992). La Machine de Guerre Economique, Economica, Paris.
Prax, J.Y. (2000). Le Guide du Knowledge Management: Concepts et Pratiques du Management de la Connaissance, Dunod, Paris.
Prescott, J.E. (1999). The evolution of competitive intelligence: Designing a process for action, Proposal Management, 3, 37-50.
Ranjan, J. (2008). Business justification with business intelligence, The Journal of Information and Knowledge Management Systems, 38(4), 461-475. 10.1108/03055720810917714
Rao, G.K., & Kumar, R. (2011). framework to integrate business intelligence and knowledge management in banking industry, Review of Business and Technology Research, 4(1), 270-280.
Riplova, K., & Hrubizna, M., (2008). Strategic Decision-Making and Knowledge Management in the Enterprise. II. Opportunities young generation in science, research and innovation. EPI, European Polytechnic Institute.
Sabeherwal, R., & Becerra-Fernandex, I. (2003). An empirical study of the effect of knowledge management process at individual, groups, and organizational levels, Decision Science, 34(2), 225-260. 10.1111/1540-5915.02329
Sadilek, M., Kratochvil, J., Petru, J., Cep, R., Zlamal, T., & Stancekova, D., (2014). Cutting tool wear monitoring with the use of impedance layers, Tehnicki Vjesnik, 21(3), 639- 644.
Salazar, A., Hackney, R., & Howells, J. (2003). The strategic impact of internet technology in biotechnology and pharmaceutical firms: insights from a knowledge management perspective, Information Technology and Management, 4(2/3), 289-301. doi. 10.1023/A:1022910614411
Sapietova, A., Saga, M., & Novak, P. (2012). Multi-software platform for solving of multibody systems synthesis, Comunications, 14(3), 43-48. 10.1515/teen-2017-0003
Schulz, M., & Jobe, L.A. (2001). Codification and tacitness as knowledge management strategies: an empirical exploration, Journal of High Technology Management Research, 12(1), 139-65. 10.1016/S1047-8310(00)00043-2
Sharma, R, & Djiaw, V. (2011). Realising the strategic impact of business intelligence tools, 41, 113-131. 10.1108/03055721111134772
Shehzad, R., & Ahmed-Khan, M.N. (2013). Integrating knowledge management with business intelligence processes for enhanced organizational learning, International Journal of Software Engineering and Its Applications, 7(2), 83-92.
Sher, P.J., & Lee, V.C. (2004). Information technology as a facilitator for enhancing dynamic capabilities through knowledge management, Information and Management, 41(8), 933-45. 10.1016/j.im.2003.06.004
Sveiby K.E. (1990). Kunskasföretaget (le management des savoir-faire). Editions Liber (en suédois), 2(4), 344-358.
Tsai, M., & Shih, C. (2004). The impact of marketing knowledge among managers on marketing capabilities and business performance, International Journal of Management, 21(4), 524-30. 10.1504/IJBCG.2013.056487
Tuomi, I. (2002). The future of knowledge management, Lifelong Learning in Europe, 7(2), 69-79.
Turban, E., McLean, E., Wetherbe, J., Bolloju, N., & Davison, R. (2002). Management Technology for Management: Transforming Businesses in the Digital Economy. New York: John Wiley.
Turner, S.F., & Bettis, R.A. (2002). Exploring depth versus breadth in knowledge management strategies, Computational and Mathematical Organization Theory, 8(1), 49-73. doi. 10.1023/A:1015180220717
Uit Beijerse, R. (1999). Questions in knowledge management: defining and conceptualising a phenomenon, Journal of Knowledge Management, 3(2), 94-110.
Vine, D. (2000). Internet Business Intelligence: How to Build a Big Company System on a Small Company Budget, Cyberage Books, Medford, NJ.
Wilensky H.L (1967). Organisational Intelligence - Knowledge and Policy in Government and Industry, Basic Books, New-York.
Williams, S., & Williams, N. (2007). The Profit Impact of Business Intelligence, Morgan Kaufmann.
Wixom, B., & Watson, H. (2010). The BI-based organization. International Journal of Business Intelligence Research, 1(1), 12-24.DOI: http://dx.doi.org/10.1453/ter.v6i4.1987
Refbacks
- There are currently no refbacks.
.......................................................................................................................................................................................................................................................................................................................................
Turkish Economic Review - Turk. Econ. Rev. - TER - www.kspjournals.org
ISSN: 2149-0414
Editor: [email protected] Secretarial: [email protected] Istanbul - Turkey.
Copyright © KSP Library
