The truth of knowledge being the vital strategic resource in the modern business world is undeniable. And for increasing efficiency and productivity in an organization it is important to manage this knowledge with better understanding of the types and multiples perspectives of knowledge. Keeping in view the importance of the issue, there is a need to conduct a literature based study. Therefore, this paper aims at the establishment of better understanding of various perspectives of knowledge including and its types, so that organizations can conduct knowledge management in better way. Initially, study provides detail insight into the basics of knowledge, its different perspectives, types and the different stages of knowledge with the help of reviewing the existing literature. Then, the literature is further reviewed to get better understanding of knowledge management. The study is completed with the help of data collection from reliable search engines such as Google scholar, research publication of renowned journals, proceedings of various conferences and the related books. In order to search the relevant literature terminologies such as, knowledge, types of knowledge, knowledge from theory and practice, stages of knowledge management and organizational resources were used. The current study is beneficial for not only academicians but also for the practitioners as to create better understanding of which types or perspective of knowledge they are dealing with so that the management of the knowledge can be done in a better way and organizations can compete in the very challenging global market effectively and efficiently.
Key words: Competitive Advantages, Knowledge, knowledge management
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