Knowledge-based companies

Knowledge-based companies are organizations that primarily focus on creating, managing, and utilizing knowledge and expertise to deliver products or services. Instead of relying solely on physical resources like machinery, these companies emphasize intellectual assets, such as research, innovation, and specialized skills. Examples include technology firms, consulting agencies, and research institutions. Their value lies in the ability to use information and insights to solve problems, develop new ideas, and drive progress in various fields. Ultimately, knowledge-based companies contribute significantly to economic growth and advancements in society by leveraging human intellect and creativity.