Strategic Direction of Libraries in Knowledge Management

1 Introduction “Knowledge Management”has become a popular term inthe business world during the last decade of the 20th century.It was the business world that recognizes at first theimportance of knowledge in the“global economy”of the“knowledge age”. In the new knowledge economy,knowledge is power,especially if it is shared and put tocreative use. The possession of relevant and strategicknowledge and its unceasing renewal enables businesses togain competitive advantage.