Abstract
Knowledge management is the new era in the field of management. It is a process, begins with the knowledge creation step and ends with usage of information. If Organization implements Knowledge Management (KM), it will nurture the value of firm and boost the positive attitude of stakeholders. The purpose behind this study is, to understand the challenges faced by the organizations in adopting KM and to suggest strategies to overcome the challenges. In this study, secondary sources of data viz Journals, Articles, Media reports, Web and Magazines are considered. While adopting KM, organization may faced some challenges like Difficulty in planning, Technical issues, Lack of finance, Resist to change etc. Organization can smash these challenges by applying certain strategies like Proper planning, Training program, Appointing a Knowledge manager, Capital reserve, Negotiation programs to encourage the attitude of change and Strong culture etc. Further, Organization should be Optimist, organization will enjoy overwhelming longterm benefits if it implement KM by adopting some crucial strategies.
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