Impact of knowledge management on organizational performance

Knowledge Management focuses on organizing and making available important knowledge, wherever and whenever it is needed. The field of Knowledge Management is of growing interest in today’s business and academic world. As society enters into the knowledge based-economy, effective knowledge management is essential for organization to stay competitive. The purpose of this study is to conduct a thorough literature review on the impact of Knowledge management on the overall performance of an organization and thereby finding the knowledge and ideas that have already been established on this topic and what their strengths and weaknesses are. This study reviewed the literature as extensively and efficiently as possible and reviewed them critically to explore or highlight further research avenues/ questions for future research. Although based on our literature review, none of the research findings demonstrate the direct relationship between knowledge management practices and its impact on financial performance of an organization, research findings however, prove that knowledge management impacts organizational performance which in turn impacts financial performance of an organization.