This second volume of "Research in Competence-Based Management (RCBM)" continues the launch of a long-awaited outlet for peer-reviewed research papers contributing to advancement of competence-based management theory. Each volume in "RCBM" will be focused on a key aspect of competence theory. The focus in this volume on "Managing Knowledge Assets and Organizational Learning" reflects the central importance of knowledge and learning in organizational competence building, leveraging, and maintenance. Papers in this volume explore the nature of learning dynamics in organizations, systematic approaches to sustaining organizational learning processes, and organizational challenges in managing knowledge flows internally and across the boundaries of an organization. A set of papers also explores the management of existing knowledge and the creation of new knowledge in a key learning arena - new product development processes.