At present, large companies tend to have knowledge management strategies, because they can be integrated into information management strategies. IT and other technological companies have KM strategies, but so do many other firms. Creative firms such as advertising agencies, research firms such as pharmaceutical companies and firms whose business is based on acquired knowledge such as legal firms all place strong emphasis of knowledge management. In future, as more firms understand that knowledge is a crucial source of sustainable competitive advantage, all firms will see knowledge management as being important.

There are only limited amounts of education opportunities to acquire KM skills, although the subject does receive some coverage in business school now. KM programs are attractive because of the value of knowledge in today's business world and because of the increasing recognition that knowledge is one of few legitimate sources of sustainable competitive advantage. There will be more academic...
[ View Full Essay]