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Role of learning organization in building consumer confidence

Adamska, Małgorzata

Abstract

The proof of intellectual capital excellence is the current business practice that requires attention and focus on this kind of capital. The intellectual capital of an organization is the sum total of its human capital, structural capital and relational capital. These assets form a source of competitive advantage and distinguish the performance of one organization from the other. Having control on intellectual capital enables effective knowledge sharing, on the one hand and improvement of customer relationship on the other. The increase of knowledge and its relationship with the learning process is a very important for organization. It is widely accepted that organization which invest in the creation of new knowledge and increasing the intellectual capital through research and development activities or tend to do better than those that ride on the coat of knowledge created by others. The results of our research extend the understanding of the role of organizational learning in creating intellectual capital and building sustainable advantages for organization, where different concept of the customer confidence management in various stages of the customer capital life cycle may bring different implications for valuation of intellectual capital. This paper presents and describes customer capital of an organization as an element of market capital in the structure of the intellectual capital of modern organizations. For businesses it is very important to build confidence and customer loyalty. To be able to build on it, they have to gain the confidence of customer. By applying the principles of a learning organization tend businesses to continuous learning, acquisition and sharing of new knowledge that can be used for building confidence in individual stages of the life cycle of the customer.

Full text

Ekonomika a managemen 62 2014, XVII, 1 DOI: 10.15240/ ul/001/2014-1-005 In oduc ion P esen cen u y is he cen u y in which he na u e o business is changing. Managemen has o handle new me hods. Acco ding o Ko le and A ms ong [10], he e a e wo ypes o businesses: hose ha change and hose ha disappea . One o he s a egic objec i es o e e y mode n o ganiza ion is o achie e acompe i i e ad an age in he sec o in which i ope a es. Ma ke s, cus ome s, compe i o s and echnology a e changing. I a company wan s o be success ul, i mus change, oo. O he wise, i s key compe ences can easily become p oblems which would lead o abusiness ailu e. Applying he concep o a"lea ning o ganiza ion" as a me hod o managemen and educa ion is he way how o p e en mis akes and c ea e a s a egic business ad an age. To achie e a desi ed compe i i e posi ion is no possible wi hou c ea ing a ela ionship based on us . Cus ome capi al plays a key ole in building acompe i i e ad an age, wi hin he con ex o which i is impo an o build consume con idence in di e en a eas o he o ganiza ion. The main objec i e o ou pape is o emphasize he impo ance o he concep o alea ning o ganiza ion in he ield o building and managing consume con idence in a li e cycle, aking a ious phases o cus ome ’s ac i i y in o accoun . This pape consis s o h ee basic pa s. The i s pa discusses agene al concep o in ellec ual capi al and ma ke capi al o an o ganiza ion using he s anda d me hod o li e a u e e iew and c i ical analysis o he li e a u e sou ces. The second pa desc ibes cus ome capi al which esul s om a ious phases o he cycle o cus ome ’s ac i i y in he ma ke . The hi d pa p esen s pa ial esul s o he esea ch o p ojec VEGA – The Lea ning O ganiza ion. We iden i ied applica ion o he p inciples o alea ning o ganiza ion in SMEs in Slo akia which emphasizes he impo ance o con inuous imp o ing sa is ac ion o exis ing and u u e cus ome s. 1. Ma ke Capi al o an O ganiza ion in he In ellec ual Capi al S uc u e Key elemen s o in ellec ual capi al ha e been de eloped om physical capi al h ough he o ganiza ional capi al o he key human capi al nowadays. Among he c i e ia moni o ed in he de elopmen o knowledge-based companies a e he ollowing [15]: economic and ins i u ional sys em ha p o ides incen i es o he e icien use o exis ing and new knowledge and p ospe ous business, educa ed and skilled popula ion ha can c ea e, sha e and use knowledge, dynamic in o ma ion in as uc u e ha can enable e ec i e communica ion and in o ma ion p ocessing, e icien inno a ion sys em o businesses, esea ch cen e s, uni e si ies, consul an s and o he o ganiza ions o enable pa icipa ion in he g owing amoun o global knowledge and abili y o adap i o local needs, as well as abili y o c ea e new echnologies. The abundance o li e a u e in his pa icula subjec p o ides many di e en de ini ions o he e m In ellec ual Capi al [3], [22], which hasn’ been accu a ely de ined o along ime. Recen ly, expe s specializing in di e en ields ha e coope a ed oge he which esul ed in c ea ion o many di e en de ini ions o he In ellec ual Capi al. The app oach o his ROLE OF LEARNING ORGANIZATION IN BUILDING CONSUMER CONFIDENCE Ma∏go za a Adamska, Ma ina Miná o á EM_01_14_zlom 20.3.2014 8:44 S ánka 62 Business Adminis a ion and Managemen 631, XVII, 2014 pa icula issue has al eady been discussed, and is expec ed o be alked abou in he u u e, om many di e en poin s o iew a ising om he complexi y o he in ellec ual capi al o an o ganiza ion and i s p esence in all he a eas i ope a es. In he con ex o ma ke ing ac i i y in ellec ual capi al is essen ial in c ea ing an image o an o ganiza ion by implemen ing ac i i ies in a eas such as building ela ionships wi h cus ome capi al and making a cus ome awa e o a ma ke b and and he p oduce by e ec i e consume con idence managemen . Ma ke ing ac i i ies o mode n o ganiza ions mus be ully ocused on he cus ome and mus ensu e he ul illmen o he expec a ions o each ma ke segmen . This equi es a huge in el- lec ual e o associa ed wi h p ope and e ec i e use o ma ke knowledge, which is he mos impo an esou ce in he p ocess o building company’s leading compe i i eness [18]. Amongs he di e en concep s o in ellec ual capi al (Tab. 1) in he componen s p oposed, he e is cus ome , ela ionships, o speci ically, cus ome capi al, as an elemen essen ial in he p ocess o c ea ing he ma ke alue o an o ganiza ion. Tab. 1: O e iew o he componen s o in ellec ual capi al by a ious au ho s Au ho s In ellec ual capi al con ex Sugges ed componen s Kaplan, No on Balanced Sco eca ds cus ome s he in e nal s uc u e o an en e p ise p ocesses: lea ning and inno a ion inance Pe ash, Ed insson, Value Pla o m human capi al Onge, A ms ong cus ome capi al ( ela ionships) Bukowi z, Williams o ganiza ional capi al (s uc u al) Haanes, Lowendahl In angible esou ces classi ica ion compe ence mu ual ela ions B ooking Iden i ying componen s o ma ke asse s in ellec ual capi al asse s ela ed o he human ac o in as uc u e asse s ma ke alue S ewa Iden i ying componen s o human capi al in ellec ual capi al s uc u al capi al capi al associa ed wi h cus ome s B a nicki, S u˝yna A alue ee o an en e p ise social capi al human capi al o ganiza ional capi al Fi z-enz In ellec ual capi al elemen s human capi al p ocesses and cul u e In ellec ual P ope y ela ionships Sou ce: [22] In ellec ual capi al has long been p esen in he p ac ice o managemen in each a ea o an o ganisa ion, including, amongs o he s, an e ec i e ma ke capi al managemen due o inding solu ions which ensu e p ope ela ions o an o ganisa ion o ope a e in a speci ic, complex ma ke en i onmen . The ac o c ea ing he ma ke capi al s uc u e o an o ganisa ion, being cus ome ela ion- ships, he ela ionship wi h endo s, ma ke compe ence, o he ma ke ela ions and public ela ions, is i s complex ma ke ing ac i i y. The s uc u e o he capi al ma ke can be di ided in o h ee basic g oups: Cus ome s, EM_01_14_zlom 20.3.2014 8:44 S ánka 63 Ekonomika a managemen 64 2014, XVII, 1 Compe i o s and Con ac o s [1]. All he elemen s o ma ke capi al ha e an impac on an indi idual o ganisa ion and a he same ime on each o he . The concep o ma ke capi al d aws om he Model 5 compe i i e o ces wi hin he ma ke sec o by Michael Po e [21]. Alongside he h ea o new en y and subs i u e p oduc s, as well as se ices, being ex e nal ac o s which ha e an impac on he compe i i eness o en e p ises, he iden i ied: ba gaining powe o buye s, ba gaining powe o supplie s, and i al y among exis ing i ms. The analysis o ma ke capi al o an o ganisa ion, apa om a me iculous and de ailed desc ip ion o i s cu en ma ke posi ion, should be a desc ip ion o he ex e nal en i onmen in which i ope a es. In pa icula , i is ele an in he con ex o c ea ing a s a egy o he u u e impac on he cus ome capi al ac i i y a di e en s ages o i s li e cycle. By de ining he componen s o in ellec ual capi al acco ding o OECD s udies, we conclude ha while inancial capi al shows he his o y and esul s achie ed in he pas , p ocess and ma ke capi al a e componen s based on cu en ope a ions, capi al eco e y and de elopmen . These componen s de e mine how he company is p epa ed o he u u e and how he human capi al ep esen s skills, p o essional knowledge and willingness o lea n, and a he same ime how i allows people o c ea e alue in all o he componen s o he in ellec ual capi al. The e a e also easie ways o di ide he in ellec ual capi al [19] and ha is di ision in o human capi al (human alues such as in ellec , expe ience, skills, c ea i i y, p ocedu es, e c.), s uc u al capi al (business- owned ools, such as sys ems, in angible p ope y, p ocesses, da abases, alues, cul u e, e c.) and ela ional capi al (ex e nal ela ion- ships wi h cus ome s, supplie s, business pa ne s, dis ibu ion ne wo ks, and egula ion o ade). 2. Cus ome Capi al – in he Con ex o Li e Cycle Phases Ma ke , cus ome needs, and cus ome li e cycle a e he ca ego ies ha a e in e depen- den . Ma ke ing ep esen s he managemen p ocess, whose dominan c i e ion is ma ke . Ma ke ep esen s cus ome needs and indi i- dual cus ome s ha e hei own needs. This managemen p ocess is e y di icul , because i is unde p essu e o globaliza ion and in e na ionaliza ion [20]. En ep eneu s ha e been asking hemsel es a ques ion: Who is ou cus ome ? The in o ma ion hey need is who, ou o he cus ome s, is he mos p o i able o he en e p ise. The o ganiza ion mus know he esou ces equi ed o mee cus ome equi emen s and achie e i s expec a ions [14]. The pu pose o ma ke ing ac i i ies is o gain knowledge and unde s anding o wha he clien wan s and hen p o ide i while achie ing p o i o he en e p ise [11]. Consume buying beha iou may be de ined as “ he en i onmen and decision p ocess a ec ing indi iduals and g oups when e alua ing, acqui ing, using o disposing o goods, se ices o ideas” [22]. The ela ionship de eloped wi h cus ome s is o a g ea impo ance o an en e p ise in e ms o achie ing he en e p ise’s main goals, such as inc eased p oduc i i y, ma ke sha e, and a ange o in luences. Hallbe g, in his publica ion ‘All Consume s A e No C ea ed Equal’ o mula ed he so- called cus ome ’s li e cycle wi h a company, which illus a es wha impac on he en e p ise’s p o i he li e cycle phases ha e in he ela ion- ship be ween a cus ome and an en e p ise. Fo his pu pose, h ee g oups o cus ome s we e dis inguished acco dingly, ela ed o he pe iods o coope a ion – om he s a o he end [6], [8]: new cus ome s – who bene i om he company’s o e o he i s ime,  e u ning cus ome s – cus ome s who decide o con inue shopping a e he i s con ac wi h he company, and become mul iple buye s, los cus ome s – who s opped buying p oduc s o he gi en company. Howe e , his di ision does no ake in o accoun he g oup o po en ial cus ome s, he e o e he p oposal was made ha he esul o conduc ing an e ec i e analysis and o cus ome capi al cha ac e is ics, would be he ollowing h ee main g oups o cus ome s in ela ion o ime and li ecycle o cus ome : pas , p esen and u u e [7]. Pas cus ome s – he i s g oup o cus ome s was o alue o an en e p ise in he pas . The cus ome s exe ed an in luence on he en e p ises’ ac i i y by p o iding knowledge abou hei needs and hei expec a ions. The EM_01_14_zlom 20.3.2014 8:44 S ánka 64 Business Adminis a ion and Managemen 651, XVII, 2014 ac ha cus ome s s a desis ing om he demand ac i i y migh mean ha hei expec a ions a e no me which can esul in losing cus ome s. An impo an eason o ha may be a lack o loyal y and us in he b and, which indica es ha a cus ome goes by he a gumen o low p ices, e y o en a andom. I is he e o e wo h knowing which ac o s p omp ed he cus ome o lea e, which could help in d awing conclusions o he u u e and in de eloping an e ec i e cus ome o ien a ion. Passi i y o a cus ome migh also a es o he shi o goods o e ed by an en e p ise owa ds he sphe e o unno iceable goods. Cu en cus ome s cons i u e he second g oup. I is a g oup which ep esen s an ac i e, in demand, cu en cus ome da abase, de e mi- ning he p esen ac i i y o an o ganiza ion. Cu en cus ome s, despi e hei s abili y, s ill expec he company’s in e es in hei needs. No ma e wha he company’s p o ile and he indus y a e, cus ome s equi e good se ice and di ec con ac . In he case o as mo ing goods, which a e pu chased ‘o - he-shel ’ and desi ed by acus ome in a a ie y o dis ibu ion channels, he main enance o ela ionships wi h cus ome s depends on he o e ed p oduc (mix ma ke ing elemen s – p oduc and i s packaging, ob ained quali y and usabili y, p ice and pu chasing con enience), bu abo e all by he image c ea ed. Cus ome s make speci ic pu chasing choices by accep ing an o e and by iden i ying wi h he en e p ise’s image. The main me hods o exe ing an in luence and communica ing wi h cu en cus ome s a e ac i e p omo ion ools and ex ensi e ma ke esea ch, designed o ga he in o ma ion om he ma ke o help in adjus ing he o e o cus ome s’ needs. Fu u e cus ome s a e he ma ke pa icipan s he companies a e in e es ed in because anyone who is no he company’s cus ome is he cus ome o he compe i o s. The p ocess o ob aining cus ome s is p edominan ly ca ied ou by he same means o media (p omo ion) as i is used in ac i i ies associa ed wi h main aining he exis ing cus ome s. Howe e , i does no only apply o ad e ising in he media, and he p ocess o cus ome us building should begin long be o e he s a o an ac i e cus ome li e cycle. Changes in he business en i onmen equi e a mo e lexible o ganiza ion which is able o espond p omp ly o he ma ke si ua ion. People a e playing he key ole in he con inuous adap a ion o business. T adi ional s a egic planning p ocesses a e oo slow and he e o e he compe ence and esponsibili y o decision a e ansmi ed o people who mus be able o p oac i ely de ec po en ial oppo uni ies in new si ua ions. Human esou ces a e conside ed as he key sou ce o business. On he o he hand, he li e a u e indica es ha human esou ces a e u ilized in business only up o o y pe cen . This pa adox is caused by insu icien use o manpowe , skills and abili ies o wo ke s, hei imp ope in eg a ion in o he wo k o ce, insu - icien use o hei knowledge in managemen o he o ganiza ion (lack o eedback), and o he ac o s. Wi hin se ice businesses, whe e he wo ke is in di ec con ac wi h he cus ome , his lack o accep ance is conside ed as a s a egic mis ake. Fo businesses i is e y impo an o build us and cus ome loyal y. By applying he p inciples o a lea ning o ganiza ion, businesses a e di ec ed owa ds con inuous lea ning, acquisi ion and sha ing o new knowledge ha can be used o building con idence in indi idual s ages o he cus ome li e cycle. 3. Lea ning O ganiza ion in SMEs in Slo akia and Building Cus ome ’s Con idence Knowledge Managemen p o ides o ganiza- ions wi h a lo o changes [5]. Acco ding o Ala i and Leidne [2] he mos signi ican changes include changes in communica ion (accele a ion, imp o ing o communica ion, and ensu ing employee pa icipa ion in communi- ca ion), labo e iciency ( educing he ime o c ea ing he inno a ion, and inc eased p oduc i- i y), inance (inc ease in u no e and cos educ ion), ma ke ing (expansion and imp o emen o cus ome se ice, s ong cus ome o ien a ion, and in oduc ion o a a ge ed ma ke ing). Knowledge managemen is he esponse o he eme gence o new ways o c ea ing weal h based on in o ma ion and knowledge. I s implemen a ion ensu es ha he o ganiza ions main ain hei posi ion in he cu en u bulen en i onmen . One o he ways o ensu e managemen and sha ing o knowledge in he o ganiza ion is o c ea e a lea ning o ganiza ion [13]. EM_01_14_zlom 20.3.2014 8:44 S ánka 65 Ekonomika a managemen 66 2014, XVII, 1 The abili y o indi iduals o use he acqui ed knowledge in hei daily wo k enables lexible and quick esponse o eme ging si ua ions as well as dealing wi h hem igh , wi h ega d o he e iciency o he company. Wha eally ma e s is good communica ion, which means being pe cep i e o he messages ha o he people (e.g. cus ome s) a e con eying h ough hei e bal and non- e bal communica ion cues. This is especially isible in he ield o business, whe e he di e ences in alues and assump ions a e p ojec ed in he ways people eac in many common si ua ions [4]. To c ea e he concep o a lea ning o gani- za ion, i is necessa y ha manage s lea n om expe ience. P e e ed ways o lea ning mus be ecognized and suppo o some ea u es – such as openness, c ea i i y, sys ems hinking, help ulness, e c., is ine i able. Lea ning o gani- za ion mus ha e a sys em, and a he same ime p ocedu es and p ocesses ha a e cons an ly de eloping he capabili ies o indi iduals o achie e objec i es. Based on compa ison and syn hesis o esea ch conduc ed in Slo akia [11], [15] and in Bohemia [17], [23], [24], knowledge managemen is no an ac i e pa o he managemen o o ganiza ions. Also businesses which applied elemen s o knowledge managemen ha e done i unsys ema ically and o en subliminally. Knowledge managemen is conside ed only o educa ion o he use o in o ma ion echnologies when wo king wi h in o ma ion. Ba ie s o c ea ion and ans e o knowledge a e especially a aid o he knowledge abuse, ea o incomp ehension o knowledge, igno ance ha he gi en knowledge also needs someone else, and lack o mu ual con idence. Simila indings we e ob ained om he pilo su ey, which was conduc ed as a p elimina y ac i i y o he p ojec VEGA a Facul y o Economics, Ma ej Bel Uni e si y. The su ey was conduc ed by ques ionnai e on a sample o 263 esponden s. The s udied sample o o ga- niza ion we ha e compiled a andom sampling me hod, and i consis ed mainly o small and medium-sized en e p ises (85%), non-p o i o ganiza ions (13%) and p o essionals (2%) ope a ing in he e i o y o cen al Slo akia (indus ial en e p ises 58% and o ganiza ions in se ices sec o 29%). The objec o ou esea ch was ques ions abou he na u e and impo ance o lea ning o ganiza ion, as well as he issue o he condi ions and ac o s in luencing i s adop ion and use. The pa ial objec i e was o unde s and how a lea ning o ganiza ion is pe cei ed by manage s in Slo ak business and impo ance o his pe cep ion in building (c ea ing) cos ume con idence o cu en and po en ial cus ome s. P e ailing majo i y o esponden s (82%) de ined he con en and na u e o knowledge managemen co ec ly, and 78% con i med he necessi y o i s use in hei o ganiza ion. Among ac o s ha suppo success ul lea ning o ganiza ion implemen a ion, 63% esponden s de e mined he app op ia e co po a e cul u e, 31% chose con inuing educa ion and lea ning, and 4% emphasized he condi ion o c ea ing knowledge-manage ial unc ions (e.g. he Chie Knowledge O ice ). These indings es ablish app op ia e unde lying assump ions o de ine he objec i es o he esea ch p ojec VEGA 1/0638/08 – Lea ning O ganiza ion. The esea ch was conduc ed in 2010 a he Facul y o Economics, Ma ej Bel Uni e si y in Banska Bys ica. 700 online ques ionnai es we e dis ibu ed among chosen small and medium businesses in Slo akia, ou o which 580 e u ned. Fo esea ch pu poses, we used 547 co ec ly comple ed ques ionnai es. The la ges numbe was ep esen ed by o ganiza ions ope a ing in he machine y indus y (17.55%), hen se ices (14.99%) and inally ade (14.44%). The ques ions we e answe ed by means o ques ionnai e, by manage ’s a all hie a chical le els. The lowes -le el manage s we e ep esen ed by he g oup o 51% o esponden s, he manage s a cen al le el we e ep esen ed 34% and inally, 15% we e he g oup o op manage s. The aim o he esea ch was o de e mine o wha ex en he p inciples o a lea ning o ganiza ion a e applied in he selec ed SMEs. We examined he a eas in which en e p ises a e s ong in applying he p inciples o a lea ning o ganiza ion, and, ice e sa, whe e hey ha e weaknesses. Respon- den s answe ed by a ing scale om 1 o 5 while 1 s ood o ‘ne e ’ (o leas accu a ely) and 5 o always (mos p ecise). Resea ch esul s con i med ha Slo ak companies, e en i no lea ning o ganiza ions, b oadly apply p inciples speci ic o his concep . Wi hin his pape we wan o poin ou he aspec o us om he poin o iew o impo ance o building he p inciples o a lea ning o ganiza ion, as well EM_01_14_zlom 20.3.2014 8:44 S ánka 66 Business Adminis a ion and Managemen 671, XVII, 2014 as i s di ec ela ion o building cus ome us . We ha e based ou esea ch on a s a emen ha he e is a di ec link in be ween how he company is pe cei ed by he employees and by cus ome s. When manage s lose us o hei employees, he employees do no eel good and consequen ly, his nega i e ene gy b ings subliminal messages which he employees (mainly when in di ec con ac wi h he cus ome ) sp ead u he owa ds he cus ome s. Ou opinion is ha mos o ganiza ions place he emphasis on he cus ome and hold he mo o "ou cus ome is ou king." In his a ea we achie e he highes alue o 4.18 poin s, ig. 1. We should emphasize ha al hough he consume is unde s ood as he mos impo an ma ke pa icipan acco ding o he mo o, i will no show in o e e yday business ac i i ies. Muso á [19] a gues ha his mo o ca ies signs o a p oclama ion. An impo an condi ion o de eloping a lea ning o ganiza ion is he ac ha employees ha e no p oblem in passing hei expe ience be ween each o he and espec ing each o he , which was e lec ed in a numbe o analyzed o ganiza ions. Value o 3.99 poin , con inced us ha no only he employees hemsel es c ea e a lea ning o ganiza ion, bu in ou businesses i is also leade ship ha encou ages company’s employees o be asked o expand bo h i s knowledge and skills. Managemen unde es ima es ewa ding hei employees o hei g ow h and con inuous imp o emen , which we managed o con i m (3.25 poin s). We ound ou ha he s a in he analyzed o ganiza ions does no ha e di icul y ob aining ele an in o ma ion and pa icipa ing in he lea ning p ocess. The weak poin is he sys em o e alua ion and measu emen o lea ning ou comes in ela ion o esou ces spen (3.06 poin s). One o he ac o s when building an o ganiza ional cul u e o a company, is con idence in employees’ skills, which g ea ly in luences sha ing o he o ganiza ion’s knowledge [16]. The answe o he ques ions conce ning us in employees’ skills was e alua ed e y posi i ely. Manage s lead hei employes o independence and us hem in new challenges which hey ace (3.71). Fig. 1: Resea ch esul s Sou ce: own esea ch EM_01_14_zlom 20.3.2014 8:44 S ánka 67 Ekonomika a managemen 68 2014, XVII, 1 Wi hin his esea ch we sea ched o aspeci ic way o knowledge exchange, while he ollowing ca ego ies we e de emined as he op ions: knowledge exchange on basis o o de s o managemen , p inciples o us , wo king ela ions, and knowledge exchange on basis o pe sonal and iendly ela ionships wi h one’s colleagues. As i can be seen in Fig. 2, only in 9% o he analyzed companies he e exis s knowledge exchange wi h colleagues, as based on pe sonal and iendly ela ionships. The ac ha knowledge o he company is exchanged and sp ead (dissemina ed) on basis o he wo king ela ionships (hie a chy), was con i med by 41% o ou esponden s. F om he poin o iew o e alua ing he co po a e cul u e i was e y in e es ing o us o see he pe cen age o companies in which knowledge is exchanged on basis o al eady buil con idence be ween he employees and he managemen . This op ion was only chosen by 19% o esponden s. The opposi e o his is knowledge exchange based on o de s om he managemen .This si ua ion can be no ed mainly in companies whe e he ac i i ies a e pe o med wi h he use o an indi idual app oach, wi h he absence o eam coope a ion and c ea i i y, as well as h ough p e e ence o he al eady es ablished wo king p ocedu es and a ailable knowledge. In ou sample we ha e no ed 31% o companies whe e exchange and dissemina ion o knowledge is pa ly based on o de s om he managemen . Fig. 2: Way o knowledge exchange in SMEs Sou ce: own esea ch When inding ou he impo ance o knowledge exchange be ween he employees and building cus ome us we asked esponden s a ques ion how much hey ag ee wi h a gi en s a emen . As i can be seen om Fig. 3, majo i y o esponden s (57%) do no see a di ec connec ion be ween how he company is pe cei ed by he employees and how i is pe cei ed by he cus ome s. Only 17% (93 espondnen s) ag eed wi h he gi en s a emen . On bases o he abo e s a ed we can say ha he esponden s o he analyzed companies do no conside ela ionship be ween knowledge exchange and building cus ome con idence impo an (Fig. 3). The e o e, i is impo an o appeal o manage s and poin ou he easons o building a lea ning o ganiza ion in companies, because when he e is an open co po a e cul u e and he knowledge exchange is based on us , cus ome needs a e de ec ed and and unde s ood in EM_01_14_zlom 20.3.2014 8:44 S ánka 68 Business Adminis a ion and Managemen 691, XVII, 2014 each phase o he li e cycle. Cus ome capi al is unde s ood as o ganiza ion’s knowledge abou cus ome needs, hei p e e ences and quali a i e alues. Cus ome capi al in impo an mainly because i helps c ea e a ela ionship o he o ganiza ion owa ds i s cus ome s and de elopmen o his ela ionship. On basis o mu ual us he cu en emloyees become loyal, no pas cu ome s. Thei posi i e expe ience is sha ed wi h o he s, which helps he company o add ess po en ial cus ome s. Fo o ganiza ion ha wan s o become alea ning o ganiza ion, i is necessa y o ealize ha his is a complex and leng hy p ocess ha equi es a lo o e o ; and he objec i e is o con inuously inc ease he sa is ac ion o exis ing and u u e cus ome s [9], [12]. Conclusions C ea ion, de elopmen , use and e alua ion knowledge is c ucial o he o ganiza ion, o ensu ing i s u he de elopmen , as well as in e ms o gaining and main aining he compe i i e ad an age. In he las yea s may be seen inc easing impo ance o in ellec ual capi al and i s en o cemen as he mos impo an o m o capi al. O he o ms o capi al ( echnology, money, land) a e dependen on he knowledge capi al. Knowledge managemen deals wi h human esou ce managemen and he e o e is likely o be a long- e m and e ec i e business ool. Mode n o ganiza ions need o de elop awa eness o he need o a comp ehensi e cus ome capi al managemen o o ganiza ions in a ious s ages o he li e cycle. The le el o con idence ha has been de eloped wi h cus ome s will de e mine he p edic ed dynamics, he u u e e ec s o an o ganiza ion, bo h economic and social. A well-managed cus ome capi al suppo s he p ocess o achie ing he objec i es (s a egic and ope a ional) o ac i e o ganiza ions, sa is ac ion o cus ome s, and i also suppo s he launch o new o modi ied p oduc s due o knowledge o each ma ke segmen . So as knowledge could low h ough he o ganiza ion wi hou any p oblems, employees mus us each o he and know ha hey will also be p o ided knowledge by hei colleagues. This way o knowledge exchange is conside ed mos impo an when e alua ing he co po a e cul u e which is one o he main p e equisi es o building a lea ning o ganiza ion. Only in such case hey will be willing o sha e he knowledge. I is he employees in lea ning o ganiza ions who c ea e he highes alue o he ex e nal cus ome s. I is essen ial ha managemen ewa d and e alua e employees Fig. 3: Impo ance o knowledge exchange and building cus ome us Sou ce: own esea ch EM_01_14_zlom 20.3.2014 8:44 S ánka 69 Ekonomika a managemen 70 2014, XVII, 1 who sha e hei knowledge wi h o he s. A he same ime i is necessa y o he managemen o suppo he employees in asking ques ions and hus p o ide be e access o in o ma ion which is ele an , o pe manen ly inc ease sa is ac ion and us o he exis ing and u u e cus ome s. In ensi e ma ke ing ac i i ies ocuses on achie ing a compe i i e ad an age by ea ned con idence in he b and and he p oduc manu ac u e , which will b ing he expec ed esul s o he o ganiza ion. Cus ome capi al ac i i y will hus be e lec ed in he ma ke posi ion o he o ganiza ion. Re e ences [1] ADAMSKA, M. Cus ome capi al o mode n business and i s impac on e iciency. In Meziná- odní Masa yko a kon e ence p o dok o andy amladé ûdecké p aco níky 2011. H adec K á- lo é: Magnanimi as, 2011. p. 906-914. 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