Knowledge capital

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Knowledge capital is the value in ideas which means that sharing information equals sharing power, it is the know how that results from the experience, information, knowledge, learning, and skills of the employees or individual of an organization or group. Of all the factors of production, knowledge capital creates the longest lasting competitive advantage. It may consist entirely of technical information (as in chemical and electronics industries) or may reside in the actual experience or skills acquired by the individuals (as in construction and steel industries). Knowledge capital is an essential component of human capital.