Knowledge Management: Is this the next step in the evolution of management theory? <Tab/>Knowledge management is the latest management theory being adopted by firms. Knowledge management is a process of incorporating intellectual and knowledge based resources, to create a competitive advantage, by sharing them amongst employees and departments to devise the best practices. As pointed out in James Boomer's article it is a common misconception that knowledge management is about …showed first 75 words of 835 total…

…showed last 75 words of 835 total…knowledge management has evolved and has proven to be a very powerful tool in this particular day and age that can further develop the efficiency and effectiveness of our work environments. References Boomer, J. 2004, 'Finding out what knowledge management is - and isn't', Accounting Today, vol.18, no.14, pp. 22,27 Tanz, J. 2003, 'A brief history of management', Fortune Small Business, vol.13, no.8, pp. 54 Witzel, M. 2002, 'A short history of efficiency', Business Strategy Review, vol.13, no.4, pp38-47