The Knowlege Management in Czech Industrial Enterprises

Purpose - This paper builds on Special Track No. 7 "Intellectual Capital Knowledge Management Practices and Value Creation in Different Countries and Regions" and deals with the implementation of knowledge management in Czech industrial enterprises. The paper consists of three consecutive parts - the first part presents results of research focused on the usage of knowledge management in Czech enterprises, the second consecutive part is dedicated to knowledge, which is used in the complex production process in a high-end industrial enterprise. The last part of the paper is dedicated to the usage of value management as one of the most effective methods of using intellectual capital in innovative business processes. Design/methodology/approach - The first part of the paper presents the results of research conducted in knowledge management area in Czech industrial enterprises. The second part is an internal view of a specific high-end enterprise which is focused on machine tools - vertical turning lathes. The paper sets the knowledge which each department needs for the successful management of knowledge. The next part shows the methodology and the use of value management - as one of methods of using intellectual capital within the enterprise. This section provides a brief technical-theoretical interpretation of value management and also a concrete example of the results of its use in innovation processes in manufacturing of machine tools. Originality/value - The paper is completely original in the context of the Czech approach to the usage of knowledge management within Czech companies and can contribute to the approach to this topic. It is hence logical that this article is consecutive to the Special Track No. 7. Practical implications - All three interrelated parts of the paper are linked to practical implications, whether they concern a relatively general approach of the research of knowledge management usage in Czech enterprises, or defining the knowledge necessary for successful management and production of individual products in various parts of a particular Czech industrial enterprise, or in the last part is the introduction of value management methods which have been successfully used in top rated Czech industrial enterprises for more than 40 years.