Management Prudence Journal

1. Aji Joseph – De Paul Institute Of Science And Technology, Angamaly, Kerala

Received
20-Apr-2013
Accepted
-
Published
20-Apr-2013
Abstract
Through education and experience, people acquire facts, information and familiarity with a person, a thing, an action or a subject. This is termed as knowledge. It can be practical (hands on experience) or theoretical (that we acquire from books, people etc.). As the famous Greek philosopher, Plato puts it, "knowledge is the justified true belief". Knowledge is the power or the fuel that runs the brain, the engine. Knowledge is a wider concept than information. As the world is shifting from an industrial economy based on assembly lines within a country to wider, global, decentralized, information driven economy, the importance of knowledge transfer and its implications are relevant. Any knowledge acquired from information available, can be vital in one way or the other for any organization.
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