It also plays a very important role to maintain a business method in triumph. With a sound knowledge management there is a link between business strategy management, and practice issues. Form of management influence on various business sectors that include best practice, change management, benchmarking, risk management. Most of the professionals at the firm level and analyze business-class knowledge management as a business process reengineering. In most past research conducted on business strategy has been recognized that knowledge and information are business assets and business needs and policy instruments to manage these assets.
Need for general knowledge of business management focused on increasing creativity and also in the sense of creating new knowledge. There has been a growing understanding that intellectual capital is essential for the growth of the organization and discussion of intellectual capital has mushroomed into the world, but only a few businesses have acted on this understanding. Where companies have taken action, and the growing number have done so - the application of knowledge management is different from technology driven to control the process, provide and access information with a massive effort to change the company's tradition.
Most of the times of knowledge and information requirements are often used interchangeably by business writers. Knowledge has two basic definitions of interest. The first relates to defined body of information which can consist of opinions, facts, theories, models and principles. Of course there is the possibility of additional categories as well. Subject (eg, chemical mathematics, etc.) is just one of probability. Also knowledge is a condition of a person into information about a person. These countries consist of awareness, ignorance, understanding, facility, familiarity and so forth. In the conservative viewpoint on the role of knowledge in business organizations, tacit-knowledge is often viewed as a real key in getting things done also create new value. No explicit-knowledge. As a result we often see an emphasis on organizational learning and other approaches that emphasize the internalization of information through the actions and experiences and creating new knowledge through interaction is managed.
Therefore it can be concluded that the intangible wealth of knowledge, where it provides the organization with the ability to destroy competition, in addition to proven weight in influencing itself. Every organization does not have to look only at the best practice in the field, but must adjust to the needs of each approach is exclusive and tradition to effectively use knowledge management.
 Jamie Hanson, http://EzineArticles.com/?expert=Jamie_Hanson