The Study On The Knowledge Capital Assessment Based On Firms' Core Competence Perspective

In the 21st century, new economy features take shape with the economic globalization and the rapid development of information technology. All areas will have significant influence on human economic and social activities in the knowledge economy. Nowadays, The concept of low-carbon economy, requires us to change the traditional concept and restructure the economy to achieve sustainable social development. Knowledge, as an independent strategy elements, has gone far beyond the traditional capital and labor, and change to the primary capital that the enterprise can gain a competitive advantage and seek sustainable development. How to carry out scientific knowledge evaluation and effective knowledge management, is the new problem and new challenge that we facing. With the development of knowledge economy, knowledge management as an important management ideas have emerged. however, according to current statistical data, the rate of successful knowledge management projects is only up to 15%, and caused the enterprise great loss because of the failure of the knowledge management project. Tomas A Stewart, a Well-known expert in the field of knowledge management, found that knowledge management companies wasted a lot of money, because companies do not know what kind of knowledge they need in the end and how to manage the knowledge in 1997. Dr Ann Hylton found that companies did not know their existing and potential knowledge before implementing the knowledge management project in 2002. Knowledge Assessment should be the first step before knowledge management.How to carry out scientific knowledge capital assessment, and then do effective knowledge management, will be new problems and new challenges us facing. Although there are a lot of theoretical research on knowledge capital assessment both in domestic and abroad, but the literature search of the knowledge economy, knowledge capital, knowledge management, intellectual capital and core competence showed that the domestic knowledge capital assessment research has just started. The theory and practice is not mature, we need to do further exploration.The author started the paper from the related concepts of knowledge capital assessment, made a literature review of today's mainstream knowledge capital assessment methods and the theory of core competence. Then, studied the relationship between the knowledge capital and the core competence, analyzed the competitive attribute of the knowledge and the knowledge attributes of the core competence, pointed out that knowledge workers are the prerequisite of the knowledge converting into the core competence and summed up that the core competence is a synthesis of the knowledge capital of. This paper focused on building the knowledge capital assessment model based on the core competence, and explained in details with simulation case application. There are five steps:identifying the core competence resources through the five criteria, redefining the knowledge capital based on the core competence perspective, assessing the whole value of the knowledge and the individual value of the core competence according to the future development and knowledge capital value analysis. Finally, the author made some inspiration on improving the firm's core competence based on knowledge capital assessment and some suggestions to improve their core competence in the construction and management countermeasures to our country.In this paper, the author made a systematic literature review and a summary of the relevant studies, redefined the concepts, and made a theoretical analysis of knowledge capital based on the core competence. The knowledge capital assessment model based on the firm's core competence is proposed by collating information on existing knowledge and learning from all practical experience and inspiration of present implication, overcoming the shortcomings of the present knowledge capital assessment methods, and fully considering the future development, enterprise risk and the time value factors. The model can determine the overall value of the knowledge capital and the individual value of the core competence. The author also provided simulation case to explain the model application and used fuzzy statistical tools to adjust the weights. The model is an effective exploration for knowledge capital assessment study.