Abstract
In the circumstances of business globalization, fast-paced changes in the organization and environment, the responsibility of knowledge management begins with the abilities of the management to respond to newly created situations, in particular when we refer to countries undergoing transition. Knowledge management seen as the effective use of intellectual capital is currently subjected to changes sparked by the global financial crisis. From the outset the difference between the term leader and manager should be clear. Knowledge management, as a phenomenon emerged together with the process of globalization, hence it is a new phenomenon widely accepted throughout the world under the concept of sustainable development, in which knowledge is the carrier of development. It associates to the fact that without the adequate and qualitative human resources, there can be no sustainable development. The basic difference between a manager and a leader is also viewed from the risks that both carry. Managers traditionally fear risk, while leaders often rely on risk. Through analysis of current circumstances of management in developing countries, faced with sustainable development, we understand that something needs to change. What managers are expected to do is manage tasks, to change the system so that they can resolve problems in our surrounding based on contemporary thinking, and in order to successfully manage tasks they should be motivated. This is the responsibility of the leadership and specifically the leader. The strengthening of the management system and the advancement of leadership at all levels of the organization would improve its performance, develop human resources and would enable the organization to successfully respond to external changes and internal activities.
Keywords
manager, leader, knowledge management
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