Knowledge Management: The Way to Organizational Competitive Advantage

The paper explains the crucial knowledge management (KM) processes which are rapidly growing in importance in the present day globalized knowledge based economy. A firm’s intellectual capital is thus increasingly seen today as possessing the potential to become the primary wealth creator in many business organizations. The researchers, therefore, stick to the description of the primary activities of learning, creativity and performance, which are inherent in the holistic frame of modern KM systems, and which sequentially follow each other as typical knowledge processes evolve in a knowledge centric organization.