Abstract
In developing knowledge economy, much attention has been placed on the evolving technology, knowledge, core competence, and knowledge capital. An important issue both the business and R&D organization are facing is how to enhance the value creation from the knowledge capital.This thesis explores how to create value from knowledge capital on two dimensions. The first dimension involves enhancing value creation on business core process using internet. This research conducts case study and detailed analyzes on two firms: TSMC and Trend. The study analyzes their virtual organizational fields and mechanisms using internet that create value in their business operations.The second dimension involves exploiting knowledge capital with licensing management with a viewpoint of technology transfer in R&D organizations. The emphasis of the study is on the function, mechanism and the process of licensing management. The study conducts case study and scenario planning for the research centers’ licensing management operations to derive a set of key success factors and the improved mechanism for licensing management.