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International Business Management
Year: 2015  |  Volume: 9  |  Issue: 3  |  Page No.: 299 - 309

Knowledge Management: An Ingredient for Sustainability of Organizations

R. Sujatha and R. Krishnaveni    

Abstract: Organizations undergo several challenges and face competition to sustain and create value to their stakeholders. Sustainability is a major concern, particularly for small and medium organizations. An investigation of the importance of knowledge management within organizations is the need of the hour and how it might impact on sustainability of the enterprises. Knowledge management is a process by which knowledge is created, shared, stored and utilized for the benefit of organizations. A thorough literature review and field study is conducted to highlight the extent of existence of platform for knowledge creation, factors affecting knowledge sharing, storage and utilization. Also how the knowledge management practices impact the work performance of employees. The result of this study will help to bring out the necessity for organizations to create an environment for enhancing the knowledge management practices for enhancing the capacity of employees to work and perform better. It is hoped that the research reported in this study would contribute to sustainable advantage of pump manufacturing firms in Coimbatore, a city in Southern part of India where there has been little evidence of implementation of formal knowledge management practices.

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