Proceedings of the 8th International Conference on Intellectual ...

Robertas Jucevicius
Trust and collaboration are <strong>of</strong> crucial importance for <strong>the</strong> networks. The lack <strong>of</strong> trust or collaboration is
<strong>the</strong> key reason why many <strong>of</strong> clusters fail. Creating mutual understanding, sharing <strong>of</strong> knowledge
between networks and single companies or institutions in <strong>the</strong> business system is quite a challenge
without a critical mass <strong>of</strong> trust. That is why establishing a collaboration culture in <strong>the</strong> business system
is a primary task.
5. Conclusions
Knowledge management functions in a business system or cluster are more complicated than in a
single organisation. The business system consists <strong>of</strong> a number <strong>of</strong> independent actors – business
companies, research institutions, public bodies, etc. Their needs for external knowledge are
different and more complex.
Most <strong>of</strong> companies in <strong>the</strong> cluster are quite small with limited absorptive capacity. Structures for
collective research in <strong>the</strong> cluster should be created. Employing <strong>the</strong> internal and external
competence networks as well as communities <strong>of</strong> practice could be a rational solution.
Establishing <strong>the</strong> effective system <strong>of</strong> ga<strong>the</strong>ring strategic knowledge and intelligence is becoming <strong>of</strong>
crucial importance in <strong>the</strong> turbulent and radically changing environment.
Absorptive capacity <strong>of</strong> external knowledge is a crucial precondition for innovation in companies
with limited resources both intellectual and financial. Combining such ability with ability to
perceive emerging changes in <strong>the</strong>ir environments is an important precondition for
competitiveness.
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