Importance of the knowledge market as an element of knowledge-based economy exceeds more and more the significance of the material flows market and increases the role of effective knowledge management. The development of the modern economy is determined by a combination of three basic trends: globalization, deregulation, and exponential increase in technological change. Under the conditions of globalization, the survival and development is only possible in organisations providing a constant fl ow of innovation and applied knowledge on which the introduction of new products and services is based. Knowledge in modern world captures a key role and it's increasingly becoming an important resource in business. The concept of knowledge management becomes a permanent and usual process in organizations and one of the basic technique of modern management which ensures a success for the companies. Under the concept of learning organization is assume learning in each company's level, lifetime improvement, development of all employees and organization themselves. It can be argued that knowledge management and learning organization are closely related to each other and only those organizations prepared for constantly learning, challenges and changes, have the ability of existence with secure future.