KNOWLEDGE MANAGEMENT: A REVIEW

A. Arun Kumar*, Uday Kumar Kalva1

Affiliations
*1
Research Scholar, Department of Business Management, Osmania University, Hyderabad - 500007, Telangana,
India.

ABSTRACT

Over the past several years there have been intensive discussions about the importance of knowledge
management within our society. The management of knowledge is promoted as an important and
necessary factor for organizational survival and maintenance of competitive strength. To remain at the
forefront organizations need a good capacity to retain, develop, organize and utilize their employees'
capabilities. “Knowledge'” is at centre stage (Davenport et al., 1998). KM and related strategy concepts
are promoted as important and necessary components for organizations to survive and maintain their
competitive keenness. It has become necessary for managers and executives to address “KM” (Goodman
and Chino sky, 1997). KM is considered a prerequisite for higher productivity and flexibility in both the
private and the public sectors. The word Knowledge Management (KM) has grown remarkably during
the past decade. The purpose of this study is to raise awareness of knowledge management and its
potential to support organizations in achieving their business objectives. The research will also identify
the concrete steps and cultural change required for government departments in order to more effectively
use and share knowledge. The purpose of this paper is to explain in greater detail what is meant by
knowledge management and why it matters. This will be followed by consideration of some of the
challenges with respect to its implementation in organizations. Finally, considerations in relation to its
implementation in a corporate sector context are raised.

KEYWORDS
Knowledge; Knowledge Management; Implementation; Organizations

JEL CLASSIFICATION
M1, M5, R5, Y0, Z0

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