Impact of knowledge management

In the current competitive Business Environment, Organizations face numerous challenges likes to obtain Competitive Advantages, to be Cost Efficient, Provide Quality Products and Services, to have an Instant Solution of the Problems, to Retain Knowledge Capital and so on. There are N number of research were held and articles printed on Knowledge Management. But still there are number of small and medium scale companies and most of the government organizations in India, were not aware about the term Knowledge Management. This research study reveals about what the term Knowledge Management is and how it impact on the organization, how it can be bene-fited to organization. It also revealed that how an organization moves towards Learning Organi-zation by adopting Knowledge Management.