The Realms Of Knowledge Management From An Organizational Perspective

The international scenario of industrial competitiveness has tremendously transformed during the last few decades. Organizations competing in the global economy are facing different challenges in order to survive and make progress. The rapid advancements in computer technology, emergence of the internet, World Wide Web, and telecommunication devices have profoundly affected the activities of business organizations. These trends have forced the organizations to reshape and redefine their economic and business strategies. This factor can be counted as the knowledge boom which, in today’s developed world, is more appropriately referred to as the knowledge management. Knowledge Management is one of the burning topics nowadays, which has brought significant changes in organizations in developed countries and gave new impetus for global competition and new challenges for the organization in developing countries. This paper aims at providing a ground work for organizations in developing countries. It will help organizations provide a framework for contribution to knowledge management aspect and also enable organizations in developing countries, especially large organizations intending to globalize their operations, to analyze their position and design a future strategy accordingly.