Knowledge Management in Economic Downturn: Indian Scenario

D. Mehta (), Naveen K Mehta () and Jitendra K. Sharma ()
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D. Mehta: Reader, PhD, FMS Pt. JNIBM, Vikram University, Ujjain (M.P.) India
Naveen K Mehta: PhD, Faculty-Board of Studies, The Institute of Chartered Accountants of India, New Delhi
Jitendra K. Sharma: Associate Professor, PhD, AFMR Indore (MP) India

BRAND. Broad Research in Accounting, Negotiation, and Distribution, 2011, vol. 2, issue 2, 16-21

Abstract: Knowledge management is becoming an indispensable aspect of most of the modern business organizations. It is considered as a corporate cost savings process to augment performance capabilities with broader availability and utilization of major corporate knowledge assets. Knowledge management is the basis of all planning, all development and all progress of an organization. It is one of the significant ingredients, which makes the accessibility of acceptance with understanding of learning. With recession encompassing the globe, the organizations are passionately engaged in cost cutting practices to maintain profitability and competitiveness. When enterprises realize that developing and sharing knowledge is pivotal to sustain a cutting edge, the management can decide to place knowledge management high on their agenda- especially during economic turmoil. The Indian organizations have exceedingly done well during the economic turmoil. The present paper is an attempt to study knowledge management during recession in Indian scenario. Major challenges faced by the organizations are highlighted along with strategies to overcome such challenges are presented by the authors.

Keywords: knowledge; knowledge management; recession; innovation; Indian scenario. (search for similar items in EconPapers)
Date: 2011
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