Knowledge　management　is　seen　by　many　to　be　a　prerequisite　for　the　successful　organization.　As　a　multidisciplined　approach　to　achieving　organizational　objectives　by　making　the　best　use　of　knowledge,　its　gaining　value　had　been　recognized　by　more　organizations　and　adopted　to　leverage　business　efficiency　and　effectiveness.　Exploring　the　importance　of　knowledge　management　in　the　new　businesis　enviroemnt　s　of　great　necessity　and　therefore　will　bring　significent　evolution　to　the　operation.