Contents

• Introduction 2
• Knowledge Management 2
• Why Knowledge Management is Important? 5
• Knowledge Management – An Analysis 7
• Knowledge Management – Implementation 9
• Conclusion 10
• References 12

Description

In the past few decades corporate management is increasingly realizing knowledge as an important corporate asset. There have been serious efforts to document, store and reuse knowledge and insights of the manpower derived out of experience and exposure to processes and technologies. According to Eisenhardt & Santos (2002), the corporate entities have transited from the resource based tradition to knowledge based tradition (Resu et al, 2009), Knowledge has grown from insignificant asset of the company to become the key to provide competitive advantage to the companies (Resu, Ranft,, Lamont & Adams, 2009). Now knowledge management has grown to the extent that different inquiring systems have been developed to create knowledge (Parrish & Courtney, 2009). There were times when individual employees had greater significance within the organization because of their knowledge in handling a particular process or system. These days it is the knowledge of the company in handling a particular system or process that amounts to the fact that whether or not the company gets the order to execute a particular process. Even at the individual level within the organization, it is not the amount of knowledge an employee has that is valued but it is the willingness of the employee to share the knowledge with co employees that matters to the organization most.