IJMSS Vol.01 Issue-03, (July, 2013) ISSN: 2321–1784 PRACTICING KNOWLEDGE MANAGEMENT FOR SUSTAINABLE HIGHER EDUCATION *Dr. A Elangovan **Valarmathi.b ABSTRACT Knowledge is the understanding, experience, thoughts, every individual possess. Knowledge Management (KM) refers to a system of acquiring, creating, applying, storing and disseminating knowledge to every individual to achieve institutional objectives. Knowledge management is essential for ensuring quality in higher education. Educational institution has ample opportunity to manage the intellectual resources available to achieve the set goal. It is important for educational institution to manage knowledge for sustainable higher education. Higher education system being the knowledge economy deals with infinite knowledge, but most of it is not stored or disseminated to all the departments of the institution. This paper throws light on how knowledge management can ensure sustainable higher education system. A good management of knowledge can foster the growth of an institution and give competitive edge in higher education. Every institute should make conscious effort to manage the internal and external knowledge resources. Institution which has sound system to acquire, store, disseminate, and apply knowledge has a good progress when compared to institution which do not have such system. Thus knowledge management is essential for sustainable higher education. KEY WORDS – Knowledge Incubation, Knowledge deposition, Knowledge dissemination, Knowledge evaluation and Knowledge application. * Professor and Head, Department of commerce, Periyar University. ** Assistant professor, Department of commerce, Christ University.