Abstract:
Emergence of number of business firms
today have led to a competition in the
business world. To sustain their position in
the competitive world outside, the business
firms keep a constant watch on the market,
reduce their cycle times, operate with
minimum fixed assets, reduce product
development time, improve customer
service, empower employees, innovate and
deliver high quality goods, capture
information, create and share knowledge.
Managers are responsible for all the issues
in the company. They need to take right
decisions at the right time. This requires an
effective knowledge management.
Knowledge is the theoretical or practical
understanding of a subject. Knowledge is a
core essence of any organization and the
knowledge assets help the organization in
paving a simpler path for reaching the
organizational goals and objectives.
Knowledge has become a crown jewel of
every business firm and organization.
Managing the knowledge assets available in
an organization is the major challenge the
business firms are facing today. This paper
examines the role of knowledge
management in human resource
management. It shows how effective KM
can change the face of HRM in
organizational growth and success.
