Organizational Knowledge Management Theory and Application Management theories help managers be successful in advancing organizational objectives. Knowledge management is one of the theories. Knowledge management is the management of corporate knowledge and intellectual assets; furthermore, knowledge management adds value to an organization by enabling the company to act more intelligently (Gupta et al., 2002). Koenig, (2012), defines knowledge management theory as a “discipline that promotes an integrated approach to identifying, acquiring, evaluating, retrieving and sharing all of an enterprise's information resources”. It goes on to state that “these resources may include databases, documents, policies, procedures, and previously unacquired skills and experiences in individual workers” (Koenig, 2012, para. 4). According to Quast (2012), knowledge management is important for the success of a company by improving decision-making capabilities, transforming the organization into a learning organization and stimulating innovation through cultural changes. Knowledge management is used in many organizations around the world. For example, LaFarge Company used knowledge management to transform a from a cement and materials company to a company that used learning methods to improve the company (Perrin, 2014). Companies and business areas that rely heavily on information are well served by management knowledge techniques. Key leaders in the development of knowledge management Knowledge management theory began about 25 years ago. years ago Ikujuro Nonaka is one of the greatest leaders and creators of the theory of organizational knowledge (Nonaka, 2009). Nonaka (2009) summarized 15 years' experience in the field. He recognized Winter's early work (1987) which in... middle of the paper... y. Organization Science, 20(3), 635-652.Perrin, A., Vidal, P., & McGill, J. (n.d.). Enhancing knowledge management in organizations, from theory to practice: the case of the Lafarge Group. Enhance knowledge management. Retrieved May 22, 2014, from http://www2.warwick.ac.uk/fac/soc/wbs/conf/olkc/archive/oklc5/papers/l-3_perrin.pdfQuast, L. (2012). Why knowledge management is important to the success of your company. Retrieved from http://www.forbes.com/sites/lisaquast/2012/08/20/why-knowledge-management-is-important-to-the-success-of-your-company/University of North Carolina. (2014). Introduction to knowledge management. Retrieved from http://www.unc.edu/~sunnyliu/inls258/Introduction_to_Knowledge_Management.htmlWinter, S. (1987). Knowledge and competence as strategic assets. The competitive challenge: strategies for industrial innovation. Ballinger, Cambridge, MA.