KM Strategies (Part 1): Key To Change And Development In Business

Abstract

Sharing of knowledge is considered as the most important in Knowledge management (KM) process in every organization. KM relates organizational functions which create, share, disseminate and uses the available knowledge for the organization development. Knowledge sharing within the organization enables the employers to share insight which help them to adopt appropriate ideas and allows faster and cost effective move towards the achievement of organizational goals. Successful models of knowledge management also reduce the need for managerial intervention in the innovation process. The paper will highlight the various KM factors which affect the KM and organizational process of development. The paper will also discuss about organizational culture and KM initiative in an organization involving people, function, collaboration, process, program, performance and contribution elaborating various P’s and C’s of KM developing strategies for change and sustainable competitive advantages. The framework will put forward basic objective to achieve the efficiency and effectiveness, helps the organization to maintain and strengthen the competitive position.