Global Journal of Management and Business Studies. ISSN 2248-9878 Volume 3, Number 6 (2013), pp. 611-618 © Research India Publications http://www.ripublication.com/gjmbs.htm Integrated Framework for Implementing Knowledge Management in Contemporary Organizations Meghna Goswami 1 and Anil Kumar Goswami 2 1 Management Studies (FMS), Delhi University (DU), Delhi, INDIA. 2 Defence Research & Development Organization (DRDO), Delhi, INDIA. Abstract Knowledge Management (KM) is an integral part of contemporary business environment which ensures growth and competitive advantage for an organization. Today many organizations are losing sight of competitive advantage to grow and compete with other players because of mismanagement of their experiences, expertise and knowledge assets. In present day competitive business environment, besides being innovative an organization must be able to make use of its prior experiences and learning in an effective manner to gain over its competitors. KM is an effective tool to manage organization’s knowledge assets which in short run generates profits and in the longer run fosters creativity. KM leverages organization’s knowledge internally and externally to create and sustain a competitive advantage. Hence, organizations must have an effective KM System in operation, which can create, capture, store, disseminate and document the knowledge assets of an organization and help in business intelligence, business process re-engineering and decision making. However, most organizations focus mainly on Information and Communication Technologies (ICT), thereby giving lesser emphasis on other important factors which are must for gaining significantly from a KM System. An effective KM is result of interplay of both technological and behavioral aspects. KM System must have holistic approach i.e. it must emphasize all three important factors of organization - People, Process and Technology. Hence, while implementing KM in organization, all three factors must be considered and handled effectively and efficiently. This paper proposes an integrated framework to implement KM involving technological as well as behavioral aspects of an