A Knowledge-Based Economy - A New Context for HRM

(The abstracted paper is also published in English: Ibid. 2005, Nr 1a(40)05, pp.39-52). Modern companies operate and develop in an environment that influences the form of their activities, their investment decisions, and their profits. Economic development based on knowledge (KBE) has been mentioned often over the years in both scientific publications and government documents, headed by the Lisbon declaration. This creates a new context for human resource management, which is the main topic o this article