Abstract
Is knowledge management a key factor in performance and sustainability in the management of organizations in the modern times global competitive market place? What are the issues of this concept and what does it provide organizations? How do managers perceive knowledge management? The objectives of the research are: First, to examine how the managers and contractors define and consider knowledge management within their everyday tasks and how they realize the need of KM in nowadays industry. Second, to evaluate how the managers assess the effectiveness of knowledge management project for the sustainability of the organization, and how it helps in the achievement of their goals. Third, to discuss the contrast between literature theory and nowadays experience and perception of managers. Fourth, to appraise how the small and medium size firms have access and use knowledge management. And fifth, to examine how the degree in business in general have to integrate knowledge management in the programs to meet requirements.
