The Importance of Knowledge Management in World of Information

Abstract

Globalization and innovation depends on the knowledge of individuals. Coordination of knowledge and talent of the people is important component of performances and development of the organization. knowledge is world power. Knowledge, if managed properly, turns into value and adds higher yields in life and work. It comes as a result of time to certain degrees and starts with general empirical data, where facts and observations are “raw material”. Content of such data comprise what we call information.  Knowledge is next to the last of “Information pyramid” at the top of which is wisdom.

Albania’s integration process is accompanied with a “boom” of information flowing. Such information is a great endowment in acquisition of knowledge, experiences and best practices. We think that is required maximum exploitation of existing structures.

Knowledge is acquired in allocated conditions and for this its treatment is a job for appropriate structures of human resources management.