Although individual knowledge and organizational knowledge are different, they are interdependent and go hand-in-hand. The future of business success heavily depends on the retention and creative use of knowledge, ideas and experiences of an organization and its employees.

The business world is entering into an era, where the future will essentially be determined by people's ability to use knowledge wisely, a precious global resource that is the embodiment of human intellectual capital and technology. Therefore, Knowledge Management (KM) has become the buzzword in the management environment today because of its advantages in shaping the organizational strategy and gaining competitive advantage. Knowledge is the blend of information with people's competence. It is the information enriched with experiences of people and the application of it to different contexts. It is termed as a "heterogeneous resource", by the economists. Father of Modern Management, Peter Drucker had finely remarked that: land, labor and capital (the classical factors of production) have become secondary to knowledge as it became the primary resource for the new economy. So, managing knowledge has become the most important task of people, business and countries in these days.

Knowledge management promotes an integrated approach for identifying, capturing, retrieving, sharing and evaluating an enterprise's information assets. These information assets may include databases, documents, policies and procedures, as well as the un-captured tacit expertise and experience stored in individual workers' heads (Gartner Group, 1999). Knowledge management programs are typically tied to organizational objectives and are intended to lead to the achievement of specific outcomes such as shared intelligence, improved performance, competitive advantage or higher levels of innovation.

MBA Review Magazine, Knowledge Management, Organizational Strategy, Peter Druckers, Knowledge Assets, Organizational Learning, Organizational Knowledge, Brainstorming Tools, Document Management Systems, Workflow Systems, Brainstorming Applications, Data Mining Tools, Data Warehouses, Artificial Intelligence Methods, Customer Relationship Management, CRM, Business Intelligence, BI, Data Mining, Knowledge Management, Push Technologies .