Knowledge, as the postulation and practice of new relations and as an outcome
of organizational processes, provides the greatest leverage for firms
to survive, compete, and conquer greater heights in the world of business.
Knowledge is very much intrinsic to the organization and it is wrong to consider
that it is always imported from outside the organization. It implies that the extrinsic
aspect of knowledge is to be minimized considering the endogenous processes in
the arenas of cognition and organizational processes. The heart of the problem is the
enmeshing of the knowledge development components with the sophisticated aspects
of individual and organizational functioning. The hunt for knowledge involves
configuring and reconfiguring the organizational processing systems in the context
of managerial cognitions so as to create knowledge continuously. Knowledge creation
and management are accomplished through unique organizational and cognitive processing