MAXIMIZING POTENTIAL: KNOWLEDGE MANAGEMENT STRATEGIES FOR OPTIMAL PERFORMANCE IN PAKISTAN'S BANKING INDUSTRY

Abstract

Knowledge, with its intrinsic value, stands as a paramount asset whose effective management and utilization are imperative. This paper delves into the evolving significance of knowledge amidst shifting economic paradigms. Initially rooted in an agricultural economy, humanity transitioned into an industrial era with technology catalyzing this shift. Within this industrial framework, land and labor emerged as pivotal factors. However, as societal evolution unfolded, it became evident that the mere reliance on land and labor was inadequate. The recognition of knowledge, residing within the human mind, emerged as a critical determinant of economic prosperity and progress. This paper explores the transformative role of knowledge within different economic landscapes, highlighting its emergence as a fundamental pillar alongside traditional factors of production