Abstract:

Organizations have knowledge distributed across people, technologies, and organizational practices. They need to manage effectively the knowledge they have and acquire new knowledge that will enable them to stay competitive. Knowledge management is fast emerging as a core strategy that organizations worldwide are adopting to manage and leverage organizational knowledge for sustainable advantage. The implementation of knowledge management initiatives cannot be easily accomplished in an organization. There is a need for better understanding of the ‘nuts and bolts’ of the implementation of knowledge management projects. This paper highlights barriers and challenges that come up while managing knowledge. It reviews the current literature on knowledge management, with particular attention to factors that are critical to a successful implementation of knowledge management projects in organizations and presents a case study.