The Commercialization of Knowledge Management Practices to K-based Development in Malaysia

The purpose of this research is to study the connection between the commercialization of knowledge management practices and its contributions towards the knowledge-based development in Malaysia. Theoretical relations in this research are tested through an empirical study carried out on among public-listed organizations in the industrial products, consumer products and services industries in Malaysia. The findings of this paper reveal that it is important for corporations to focus on knowledge management in the development of the organization’s corporate strategy. Empirical evidence supports the view that firms with knowledge management capabilities and understanding will utilize these capabilities to drive their quality strategy thus performing better than those that do not. In addition, the finding serves as an initial move among private sector towards a knowledge-based country. The paper concludes that these practices have a positive incidence not only on the performance of the firm but it also gives some initial contributions towards the development of Malaysia as knowledge-based country.