The Effectiveness of Knowledge Management In Organizations Literature review

The Effectiveness of Knowledge Management In Organizations - Literature review Example This report stresses that the globalized business environment is featured with the fast changing business condition, high production, flexible organizational structure, information and communication technology, market liberalization and partnership development. With the changes in the environment, the intensity of competition is sharpened in the market. Therefore the companies are forced to develop and implement new strategies for improving the functionality and quality of the products in order to survive in the market. This paper makes a conclusion that the application of knowledge management is very critical and difficult to be implemented and also it is very time consuming. But the advantages and its contribution in the present world has replaced its limitations or disadvantages. Every organization is required to adopt the concept of knowledge management in their organization for its workers or employees. Knowledge management contributes significantly towards the growth and development of the organization. The organizations are expected to recruit skill and knowledgeable employees in their organization, since the inability or inefficiency of the workers in the company may affect the productivity or performance of the whole organization or entity. Knowledge management through the learning, strategy and information technology influenced positively the organizational performance in terms of its return on investment for achieving its long term as well as short term goals of the organization. It has a strong affect on the productivity of the organization.