ABSTRACT
At present all organisations are concerned with knowledge as access to new bases of success and competition. Even those organisations, which are regarded as leaders in the market, are more concerned with knowledge management (KM) to sustain and enhance continuous progress in their achievements.
Knowledge is not restricted to production in itself, but it is extended to cover all aspects and practices of everyday work in an organisation. However, this issue differentiates developed and underdeveloped entities and organisations. Therefore, knowledge and how to manage this valuable resource is regarded as a core point for determining corporate strategy in this paper.
Strategic analysis of KM is of great value to the creation of overall grand strategies for an organisation, when used as a framework for theoretical interpretation. Classical physical management is not sufficient to manage today's organisations. At present, all theories and practices are more knowledge-based models, rather than theoretical visions and goals. So, knowledge is the driver of new competition and, as a strategy, gives a comparative advantage.
Knowledge Management Strategy (KMS) is badly needed to support organisation grand strategies besides adding quantitative value to different strategic decisions.
This work analyses KM theories and basic concepts. It is a way to put organisational knowledge into a form that makes it explicit, accessible and comprehensible to those who formulate strategies across the organisation hierarchy. The deductive approach is adopted by posing a number of questions, which delineated the fundamental axes of research. Content analysis is used for analysing the logic of theories and concepts surrounding KMS. Hypotheses are stated, so that the research objectives are clear throughout the discussion.
Logical and content analysis outcome used here will be used to construct a theoretical model of an integrated concept between strategic management theory and knowledge management. Although there are many types of knowledge components, emphasis will concentrate upon tacit knowledge.
