It was the 1980s when knowledge was supplanting physical assets as
the dominant basis of capital value and when the current interest in
knowledge and possibility of creating more and using it better began.
Knowledge management emerged as a new branch of management theory,
starting with the evidently knowledge-led industries, and progressive
companies were quick to take up the idea. Their experience fed back
into research, and understanding of the processes by which knowledge is
acquired, shared and used, and how they can be improved, grew rapidly