Nowadays, many organizations are launching knowledge management initiatives, believing that their well-intended effort will naturally result in the better exploitation of knowledge assets for business benefit. Managers in organizations are consistently looking for better ways to improve performance and business results by gaining new understandings into the underlying but complex mechanisms of knowledge and knowledge management to govern firm’s effectiveness. Indeed, it has been acknowledged that knowledge management is broad and multi-dimensional and covers most aspects of the firm’s activities. Hence to be competitive and successful, firms must create and sustain a balanced intellectual capital portfolio. Managers may need to set broad priorities and integrate the goals of managing intellectual capital and effective knowledge process (Wiig, 1997).