Knowledge Management Challenges For Global Business

Abstract

Managing organizational knowledge effectively is a prerequisite for securing competitive advantages in the global marketplace. The field of knowledge management brings out important challenges for global business practices. Based on a comprehensive academic and popular literature review, this paper identifies six main knowledge management challenges faced by global business today. These are developing a working definition of knowledge, dealing with tacit knowledge and utilization of information technology (IT), adaptation to cultural complexity, attention to human resources, developing new organizational structures, and coping with increased competition. The paper offers an overall view of knowledge management challenges for global business via discussing the challenges in relation to managerial practice, therefore, provides insights on managing knowledge in global corporations.