Role and importance of knowledge management in Indian business enterprises
Usha Devi, Dr. Vipul Jain
In today’s business scenario, there are so many new and advance technologies having their existence in the trade, which plays a vital role in the growth of the nation. Theses advanced technology has been growing rapidly in many aspects. Technology has been used for supporting any tools in human’s life and many activities now depend on it. In the series of these novel technologies, knowledge management takes place a great importance in business organizations. ‘Knowledge Management’ refers to the process of integrating practices into everyday lifestyles aimed at the sharing/acquiring of skills, capabilities, experiences, and ‘lessons learnt’ within individuals to create a collective intelligence to assist the excelling at future challenges and objectives. We are in a knowledge era, where knowledge has emerged as the critical resource. The productivity of knowledge is the most important issue that needs to be taken care of Indian industry is facing tough competition in this hyper-competitive global-mall. Good knowledge management practices could help the industry in this scenario. It is the process through which organizations can generate value from their intellectual and knowledge-based assets. This paper discuss about the role and importance of Knowledge Management for Indian business. This paper further suggests a model of Knowledge Management System. This paper also made an attempt to discuss about the main challenges in the execution of knowledge management.
Usha Devi, Dr. Vipul Jain. Role and importance of knowledge management in Indian business enterprises. International Journal of Commerce and Management Research, Volume 2, Issue 12, 2016, Pages 180-183