This paper addresses knowledge management assumptions and development visions in the following types of organisations: organic product-focused and organic service-focused organisations, mechanistic bureaucratic and mechanistic product-focused organisations that represent different models of value creation. These types of organisations are identified and examined in relation to the changing knowledge management context of the transition economy in Estonia. Knowledge management priorities assessed by representatives of 95 organisations are then discussed in the qualitative research and learning framework. | Knowledge management development challenges of transition economy organisations representing different value creation models