Knowledge management and career readiness: a review and synthesis

• Published in: Journal of knowledge management 2024-07, Vol.28 (7), p.1821-1866
• Main Authors: Raut, Sachin Kumar, Alon, Ilan, Rana, Sudhir, Kathuria, Sakshi
• Format: Article
• Language: English
• Subjects: Career development planning; Careers; Collaboration; Competition; Competitive advantage; Economic growth; Education; GDP; Global economy; Gross Domestic Product; Human capital; Innovations; International business; Knowledge economy; Knowledge management; Literature reviews; Professional development; Qualitative analysis; Recruitment; Research methodology; Silos; Skills; Social entrepreneurship; Unemployment; Young adults
• ISSN: 1367-3270; 1367-3270; 1758-7484
• DOI: 10.1108/JKM-02-2023-0140

Purpose This study aims to examine the relationship between knowledge management and career development in an era characterized by high levels of youth unemployment and a demand for specialized skills. Despite the increasing transition to a knowledge-based economy, there is a significant gap between young people’s skills and career readiness, necessitating an in-depth analysis of the role of knowledge management at the individual, organizational and national levels. Design/methodology/approach The authors conducted a qualitative study using the theory-context-characteristics-methodology approach based on a systematic literature review. The authors created an ecological framework for reflecting on knowledge management and career development, arguing for a multidisciplinary approach that invites collaboration across sectors to generate innovative and reliable solutions. Findings This study presents a comprehensive review of the existing literature and trends, noting the need for more focus on the interplay between knowledge management and career development. It emphasizes the need for businesses to promote the acquisition, storage, diffusion and application of knowledge and its circulation and exchange to create international business human capital. Practical implications The findings may help multinational corporations develop managerial training programs and recruitment strategies, given the demand for advanced knowledge-based skills in the modern workspace. The study also discusses the influences of education, experience and job skills on business managers’ performance, guiding the future recruitment of talents. Originality/value To the best of the authors’ knowledge, this review is among the first to assess the triadic relationship between knowledge management, career development and the global unemployment crisis. The proposed multidisciplinary approach seeks to break down existing silos, thus fostering a more comprehensive understanding of how to address these ongoing global concerns.