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The current study evaluates the success of this project at the local scale by examining the degree of compliance with local sustainability indicators after the revival of the Zanjan Match Factory. Hence, the purpose of this article is to evaluate the prosperity of the Zanjan match factory monument restoration project in achieving local sustainability. The study intention of prosperity implies any action, achievement or positive outcome that contributes to informed decision-making and leads to sustainable neighborhood development.

The current research is applied research in terms of purpose and descriptive-analytical, and survey-field in terms of method. The criteria evaluated in this research include criteria as follows: (1) evaluation of protection and preservation of the building, (2) success of the new function and (3) sustainable local development, which are defined items for each criterion. The questions of the questionnaire are prepared according to the Likert 5 points spectrum, the value of which is answered between 1 and 5 and the hierarchy goes from “very good” to “very poor”. The Cronbach's alpha coefficient obtained for the validity of the questionnaire questions is 0.85, which indicates the appropriate validity of the questionnaire questions.

The study findings indicate that the applied criteria are at an acceptable level since the criterion of sustainable local development and architecture have obtained the scores of 4 and the new function criterion scores of 3. Field surveys and observations of changes made in the neighborhood including the construction of a thoroughfare, commercial complex, service complex and local parks verify the validity of the findings. The results of the proposed study indicate that adaptive reuse projects should not be taken into account as individual projects since an individual building can be a catalyst for the restoration of other buildings and contribute to the transformation of the whole area by affecting the surrounding environment.

Adaptive reuse of building assets is an important approach to sustainability that can be utilized in conserving and preserving industrial heritage buildings was described in this paper. An adaptive reuse project follows three aims of cultural and historical heritage conservation, the success of the new performance and the development of local communities and a successful project appropriately balances these three goals.

The purpose of this paper is to present a holistic interpretation of the scope of knowledge management processes whose intent is to enhance the effectiveness of new product development (NPD).

The paper reviews key concepts in NPD and knowledge management (KM), leading to propositions about the effective management of NPD‐relevant knowledge. It develops a structured, holistic model of organizational KM including practical mechanisms and processes for managing knowledge transfer.

Effective knowledge management needs to: acknowledge the multiple organizational levels at which knowledge is deployed; support the production, elicitation and exchange of tacit knowledge as well as explicit, codified information; hence accommodate and enable both informal and formal, typically IS/IT enabled knowledge processes.

KM is work‐in‐progress, not a one‐time search for an idealised state. Computer‐enabled information systems are necessary but not sufficient elements of a comprehensive approach to KM. Holistic KM should be integral to the organization, working with not against the grain of its technical, social and cultural processes. Senior managers with titles such as “chief knowledge officer” may be crucial in establishing strategic priorities and change programmes, but all NPD personnel bear responsibility for effective KM.

The paper combines propositions about the effective conduct of KM for NPD with a model of holistic KM that involves multi‐level flux and constructive knowledge transition. It identifies practical mechanisms, IS/IT enabled and otherwise, in this context. It suggests that new research to identify effective KM practices in NPD is a priority for KM researchers.