Intensive changes of environment and strong market competition have raised management of information and knowledge to the strategic level of companies. In a knowledge based economy only those organizations are capable of living which have up-to-date, special knowledge and they are able to exploit and develop it. Companies have to know what knowledge they have by taking a survey of organizational knowledge and they have to fix actual and additional knowledge in organizational memory. The question is how to identify, acquire, fix and use knowledge effectively. The paper will show that over and above the tools of information technology supporting acquisition, storage and use of information and organizational learning as well as knowledge coming into being as a result of it, fixing and storage of knowledge in the memory of a company play an important role in the intelligence of organizations and competitiveness of a company.

Education, economy and labour market bear important relationships. The ever faster changes and more important preservation of competitiveness force higher educational institutions and economic players to cooperate more effectively. According to their educational, scientific, knowledge-maker and generative characteristics, universities and colleges receive and play a more active role in the development of the economy. Besides the expansion and multitude of higher education these also contribute to the changes in higher educational roles. In this study, which was conducted among higher educational lecturers, first of all we were looking for the answer whether there is a turn to receive practical experience during daily educational system or in the operation of institutions. Continuing this, in our target groups we intended to find out whether there is change in relationships among lecturers themselves, lecturers and their students, lecturers and economic players. We also wanted to find out if there is any possibilities to work in a team and whether we can find any sign of expectations defined by lecturers and employers of the labour market. Is there any improvement in the way of preparation for living up requirements, such as project-work, language - and entrepreneur abilities? What kind of attitude can be recognized in the theoretical, practical and educational methods? © Common Ground, Ildiko Marosi, Andrea Bencsik, All Rights Reserved, Permissions.

Knowledge and these notions have become more and more important and we speak about a knowledge based society today. A lot of small and big companies have reacted upon these new challenges. But there is a deep abyss about knowledge conception and practice between the professional researchers and company -life. The question of this research was: How can small and mediumsized companies be equal to the demands of new economy? Questionnaires were used in this research and a special segment of the native knowledge based on economy was focused on. Researchers would have liked to know what the sources of success are and how they can be in connection with questions of knowledge acquisition, knowledge transfer, knowledge utilization in small and medium-sized companies. These companies know that they have to change their behaviour and thinking, but they are not on the suitable level that they can compete with bigger or multinational companies. © 2009 WASET.ORG.