KNOWLEDGE INVESTMENT PAYS THE BEST INTEREST.

In today?s fast changing global market to gain a competitive advantage, organizations try to effectively exploit their resources, to eliminate redundancy & to develop processes to meet business goals. While tangible assets are necessary for an enterprise to function, it is its knowledge based resources that provide it with competitive edge in the market. Currently, governments around the world, multinational corporations, and a multitude of companies are interested, even concerned about the concept of knowledge management. The shift from a local and national economy to a transnational one is changing the way all organizations are doing business. Organizations and governments can no longer rely purely upon national approaches to maintain their profitable growth. More and more, companies and industries of all types must globalize in order to maximize their profits Through an extensive literature survey this paper analyzes the importance of knowledge management in organizations. It discusses certain limitations in the successful implementation of KM and it also focuses on the moving trends in knowledge management.