KNOWLEDGE MANAGEMENT AND COMPETITIVE ADVANTAGE FOR ORGANIZATIONS

Abstract

Knowledge is an important source for learning new things, solving problems, creating core competitiveness and establishes new positions for individual and organization at present and for the future. In previous decades with the advent of the industrial revolution and all the attention focused on industry and mass production and guidelines to its improvement and development, but now have faced another revolution called information and communication technology revolution and is caused changing our attitude. Knowledge management is a process to helps organizations that identify, select, organize and publish important information and skills which are considered as the institutional memory and typically are not organized. This is caused management of organizations for learning problem solving, strategic planning and dynamic decision making as efficient and effective. Knowledge management introduce a completely new management concepts and methods. Knowledge management is to find systematic approach, understand and use knowledge to achieve organizational goals and by reducing the time and cost of testing and error or repeat create value.