The document discusses the evolution of knowledge management (KM) in the context of changing organizational dynamics post-9/11, highlighting the importance of integrating intangible assets and embracing new frameworks for performance management. It argues for transformational shifts in organizational practices towards a model of 'intellectual capitalism,' promoting the value of knowledge as a core asset. The text calls for a comprehensive understanding of KM as a continuous and collective effort across all levels of an organization rather than a mere function or add-on.