Increasing competition creates a concern for the organisations to enhance their effectiveness and make proactive approaches for their system. Today, among the modest resources knowledge management seems to lead with a difference in act to manage the knowledge flowing within and outside the organisation. The management of knowledge pursues the way of knowledge management practices. These practices talk about processes of knowledge management used by an organisationfor the identification or acquisition of knowledge sharing and creation, codification, storage and retrieve, and apply or utilize. The objective of this study is to elaborate the facts and finding allied with practices of knowledge management through its review. The study mainly highlights the role of knowledge management practices in order to enhance organisations competitiveness. A literature in lieu of the drive to explore the types of knowledge management practices has been reviewed. Concepts and studies connecting different aspects of the subject i.e. knowledge management and its practices in relation to organisational competitive strength.