Abstract

In the world of globalization, it is essential for companies to be able to effectively manage their knowledge capital. Being capable to effectively create, store and retrieve institutional information is a crucial competitive advantage. Readily accessible Knowledge is needed in many business’ aspect and tasks: support decision making, profile work processes, empower in-house knowledge workers (as well as external partners and clients). In this paper we focus on the importance of terminology management as one vital aspect within a corporate Knowledge Management strategy.