| Abstract |
Be it the air we breathe, water we drink, food we eat, clothes we wear, car we drive or the mobile phone in our hand, each and every thing on this earth has come from this earth. Our earth is the only single source of everything on this earth till at least the mankind has technology to borrow from other planets. For the ever expanding population and consumerism, how long this single source, the earth can supply is not infinite. If the mankind is not careful in replenishing or paying back to earth, the whole eco-system is bound to collapse, sooner or later. Already, mindless land mining, cutting of trees, usage of plastic, uncontrolled traffic, polluting industries and mindless urbanization has often resulted in flooding of cities, global warming, acid rains, pollution, diseases and many other environmental hazards. Major cause for this scant regard for environment has been ever expanding population, urbanization and above all greed for more profit by the industrial economy. The question is - by managing the knowledge base and technology that the mankind has accumulated, is it possible to optimize economic growth and profit so that the earth and environment can sustain this for all times to come? This paper examines critical factors of knowledge management relating to economic development that can be sustained and lead to viable business model. Therefore, in a way, this paper examines the role of knowledge management in meeting the organizational and human needs more effectively such that the balance resources can be used for sustainable development of business entity and its stake holders for future generations to come. |