Influence of Knowledge Management Practice on Performance of Manufacturing Firms. A Review of Literature

Abstract

Purpose: The purpose of this study is to assess the influence of knowledge management practice on the manufacturing firms.

Methodology: The research was carried out with consideration given to previous theoretical literature

Findings: The study revealed that knowledge management has a positive significant impact on the performance of manufacturing companies. It facilitates innovations in production, manufacturing process and stirs operational performance and this helps the company to remain competitive in the market as it's able to meet customer demands.

Unique Contribution to Theory, Practice and Policy: The authors has highlight on importance of knowledge management practice to improve performance of these firms. The study therefore recommends that all firms should create room for knowledge sharing in their operations to enhance sustainability and continuity of manufacturing sector.