King Fahd University of Petroleum & Minerals, Dhahran (Saudi Arabia). Formerly Professor of Business Administration at Aligarh Muslim University, India.
This Article focuses on the value of knowledge management (KM) for strategic management of organizations. While doing so, the perspective here is to find out the significance of knowledge management how it does reside in strategic management. And how does it have a potential, to be used as a tool to enhance strategic advantage. To the extent that KM can serve the purpose of enhancing strategic advantage. Of an organization it is effective. Beyond that it could be superfluous. A model-in-the making for explaining the relationship of KM to strategic advantage, is applied to three cases of Indian organizations to demonstrate that KM can be used in a variety of ways to lead to operational effectiveness as well as to take strategic decisions. It is concluded that KM can be applied both for the limited purpose of operational effectiveness as well as for the purposes of strategic management. It should not be hyped into a wonder technique that is panacea for all organizational problems. Nor should it be under-estimated and dismissed as a passing fad.
