An outline of Knowledge Management

Knowledge management is the concept concerning the question how to use knowledgein the most efficient way within an organization and creating and managing new knowledgewhich allows for improving efficiency of a modern organization. The author of the article hasmade an attempt to clearly present the concept of knowledge management. She has described and defined its main presumptions and has made use of economic science in order to explain howmanagement is understood in economy. Finally the author has posed the question of the meaningof knowledge management in the process of a foreign language teaching and learning.