The Impact of Knowledge Management Models for the Development of Organizations

Knowledge is an essential item in our daily activities to perform the works efficiently. It is considered as the most important asset for every organization. Knowledge management is a system of acquiring, capturing, sharing, storing, developing, capitalizing, disseminating, and utilizing knowledge efficiently in organizations. This paper discusses some of the widely used knowledge management models (KMMs). The aim of KMMs is the substantial development of the organizations. Due to recent global economic competition they become essential to all communities. KMMs play vital roles for the rapid development in technology, and the emergence of new products and services in the society. The intention of this study is to investigate the theory and practice of the emerging and existing KMMs.

Keywords:

KMMs , knowledge creation , organization , sense-making