Implementing knowledge management opens avenues for company growth, along with gaining and retaining a sustainable competitive advantage. Metallurgical sector has some specifics that need to be identified and addressed when preparing and launching knowledge management implementation projects. In this article, a model for calculating the investment into knowledge management initiative is presented taking into account the investments into research and development, effects of innovations and investments into knowledge management. Moreover, results of research regarding the particularities of metallurgical companies are presented and their effects on the implementation of knowledge management are assessed.Keywords: metallurgical company, knowledge management, knowledge management implementation
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