Knowledge Management and Organisational Effectiveness

Abstract

Knowledge is recognized as an important tool in sustaining competitive advantage and value creation to stakeholders of organisations. There is increased attention on adopting Knowledge Management (KM) initiatives in organisations. KM is the practice of capturing and developing the knowledge of organisational members for it's' benefit. It involves collecting, transferring, storing, and disseminating knowledge. Culture is found to influences the beliefs, values, and norms of knowledge generation, sharing, and utilization in an organization. Empirical evidences suggest that KM facilitates innovation, and contributes to add value to stakeholders. KM has been a decisive practice to stay competitive in achieving corporate goals.