Knowledge Management Practices in Indian Universities

Knowledge Management is a continuous process of managing, creating, using and sharing knowledge and information of an organization. The main aim of knowledge management in organizations is to enhance their efficiency and capture the knowledge present in their capacity. This is to ensure and understand the presence of knowledge and its limitations in the said organization. Further, such information is then used to fill in the gaps that exist in the organization. It must be understood here that information is very costly to organizations when it is inaccessible. In order to gain it, organizations have to incur costs so as to reach favorable outcomes. The aspect of outputs is driven by the tasks and goals that they have decided in advance. Hence, knowledge management becomes critical to an organization's growth in the market and its sustainability in comparison to its competitors. Any knowledge management system that is established aims to trap the cumulative knowledge of the organization. Since they provide a consolidated location to store and access information as and when required, these systems become a vital part of the organization’s success. Organizations with a knowledge management strategy are known to achieve higher and speedier outputs, as there is a greater level of learning and coordination among their members. This indicates quicker decision making and collaboration between an entity’s functionaries