Purpose: In this article the important role of knowledge management in enterprises was presented. The knowledge and workers skills are the wealth and success source of organizations on the market. Design/methodology/approach: The paper shows definitions and types of knowledge, systems and models of knowledge management and directions of knowledge acquirement and development. Findings: In this article the analysis of role and function of knowledge management in modern enterprise on the basis of workers opinion poll, documentation review and conducted an interview in organization was carried out. Research limitations/implications: Knowledge management in contemporary enterprise is one of the key factors. It decides about its economic success. Because of that continuous learning, improvement and forming of system functioning in organization are the priority of enterprise. Practical implications: implications Nowadays, organisations achieve competitive supremacy through skilful knowledge management. For knowledge it was the strategic attribute to fulfil three properties. It must be: unique, possible for continuous improvement and difficult to fast copying and imitating. Originality/value: In this article it was shown that knowledge management was the important field in organisation management. It is worth taking steps forward to improve information flow, arrange workers for job completion, work conditions and organisation image and efficiency.
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