UNLOCKING THE POTENTIAL OF KNOWLEDGE MANAGEMENT IN PAKISTANI BANKS

Abstract

Knowledge, inherently valuable, finds its true worth in efficient management and utilization. Historically, human societies transitioned from agrarian economies to industrial economies, wherein land and labor were paramount. However, this evolution has underscored the significance of knowledge residing within the human mind as a critical factor for economic success. As societies continue to advance, the recognition of knowledge as a key component of economic growth becomes increasingly evident.

This paper delves into the evolving role of knowledge in the changing economic landscape, highlighting the shift from land and labor-centric systems to a knowledge-driven paradigm. It explores how knowledge management and utilization have become pivotal for sustained economic development, emphasizing the need for a profound understanding of the value of knowledge in contemporary economies.