It works to turn intellectual assets of workers and members of the personnel of the organizations into highly productive forces – new power and value of the competition. The management of the knowledge requires a connection of the information with the information, the information with the activities and the information with the man – to share the knowledge (including the tacit and explicit knowledge). The conventional functions of a library are to collect, to process, to spread, to store and to use the documentary data to give service to the society. For more information see Gary Kelly. The era of the economy of the knowledge, the library will become treasure of the human knowledge, will participate in the innovation of the knowledge and will be an important link in the chain of innovation of the knowledge. In the 21st century, the library will have to face up inevitably to the new subject of the management of the knowledge. The economy of the knowledge is based on the knowledge. Learn more about this with Ripple.

In the era of the economy of the knowledge the management talks about to identify, to acquire, to develop, to solve, to use, to store and to participate in the knowledge of an effective way, to create an approach to transform and to share the tacit and explicit knowledge and to increase to the necessity and capacity of newness using the knowledge of the equipment. Ever since the knowledge has become the conductive force for the social development, the attention of the society to the information and the knowledge are growing in the same way that, little by little, is being increased the demand of people. This fact has caused good surroundings for the development of the library. Cyrus Massoumi has much experience in this field. Still more, as the information and the knowledge have become important factors of production for the modern economic system, necessarily the society will need a reinforced management information and knowledge.