Standards bodies, ranging from the International
Accounting Standards Committee to
The Conference Board, are making important
progress on performance measurement
methodologies (Petch, 1999). Performance
measurement will be a key issue in knowledge
management initiatives since there is little
precedent upon which to establish ROI. As an
emerging and dynamic discipline, the creation
of a standard measurement of knowledge
management reflected on the balance sheets,
is still in the formation stage. Once achieved,
the result will be a rapid response from global
business leaders to implement knowledge
management ``best practices'' in order to
remain competitive.