Knowledge management: A booster of organizational performance

Abstract

As the time stepped in the twenty first century, innovation became the core mantra for the survival and progress of an organization highlighting the importance of human intelligence. It is this intelligence, when used appropriately becomes knowledge. Knowledge is therefore sought to be a strategic source of competency. Knowledge in itself is static and gains momentum only when it is used appropriately in the required situation. Knowledge management is thus a voluntary and a conscious strategy followed deliberately in optimal usage of limited resources. This paper attempts to highlight the relationship between the knowledge management practices and the enhanced performance of the organization.