KNOWLEDGE MANAGEMENT - ITS SOURCES & CONTRIBUTION IN MODERN BUSINESS ORGANIZATIONS

Knowledge is “a fluid mix of framed experience, contextual information, values and expert insight that provides a frame work for evaluating and incorporating new experiences and information”. The knowledge remains in the minds of organizational members conducting the operations – be it research, design, development, manufacturing or services. Knowledge is an important part of strategic planning. The inputs that a company receives during its strategic planning process can ensure that the organization and its operational practices are managed appropriately. Both internal and external sources of information should