Why knowledge management fails
Nowadays, scholars and researchers emphasize the role of Knowledge Management and Intellectual capital in a modern society and their influence in an economy. Intellectual capital creates new ideas how to use the restricted resources in the best way to gain the competitive advantages and be profitable. Knowledge management helps to establish an environment of creation, development, transfer and share intellectual capital. At the same time, some companies and enterprises do not use the latest theoretical and practical achievements in the fields of knowledge management and intellectual capital. Purpose - to study the objective reasons of knowledge management failure in companies in general analyzing case studies of failure and present a framework in which the failure factors are linked to the different stages in the cycle of KM implementation (provided by P. Akhavan and A. Pezeshkan).