KNOWLEDGE MANAGEMENT STRATEGIES IN HIGHER EDUCATION

Are the concepts of knowledge management (KM) applicable to colleges and universities? Some would argue that sharing knowledge is being rationale. If that is the case, then the higher education sector should be replete with examples of institutions that leverage knowledge to spur innovation, improve customer service, or achieve operational excellence. Knowledge in research and development, improved learning methods, improved learning capacity, achieving competitive advantage in learning process. However, although some examples exist, they are the exception rather than the rule. Knowledge management is a new field, and experiments are just beginning in higher education at college level and university level in some areas. We believe there is tremendous value to higher education institutions at college and university level that develop initiatives to share knowledge, transfer knowledge if possible capture knowledge to achieve excellence in education as a business objectives. This study explains and explores the basic concepts of knowledge management as it is applied in the corporate sector, considers trends, and explores how it might be applied in higher education and whether higher education is ready to embrace it as a strategy. Also it narrates the possible benefits and relevant critical areas to be covered to celebrate Knowledge management implementation.