ANSWER THE FOLLOWING QUESTIONS AFTER YOU PAPER BELOW QUESTIONS 1. Was there a clear and concise thesis statement? Explain. 2. Was there a clear and concise problem statement? 3. Was the problem statement supported by evidence? Explain. 4. Was there a clear and concise research question(s)? Explain. 5. Was the body of research organized and easy to understand? Explain. 6. Did the author answer the research question(s) clearly in the discussion section? Explain. 7. Were inferences drawn from the body of research? Explain. 8. Did the paper use proper APA formatting? Explain. 9. Did the author support assertions with in-text citations and references? Explain. 10. What areas need improvement? Explain. What areas were strongest? Explain. 11. Do you have any other constructive feedback or recommendations to help your peer improve? Explain. 12. How did reviewing this paper help you with your own research paper? Explain. Economic Benefits of Knowledge Management Database Management and Communications are two fields of study that can be taken at a lot of higher learning institutions today. These fields play a major role in business and its sustainability. The developments in information and communications technologies which have made knowledge production and exchange easier and further enhanced the methodologies of knowledge discovery are the major factors for the amount of scientific knowledge produced in the last 30 years and continues to grow rapidly.(Kaniki & Mphahlele, 2002) The practice of Knowledge Management as a field is relatively new in the U.S but has been in use by European companies for quite some time. Human capital as an asset is slowly being realized by companies as a major contributor to maintaining the accounting bottom line and even remaining relevant. There has been a recent boom in technological tools that promote knowledge shares such as Microsoft SharePoint. Coupled with the new field of Knowledge Management, is this a viable resource to improve a company's productivity and profitability? Businesses should adopt a knowledge management process and collaborative technologies to be innovative and competitive in today’s market. Statement of the Problem It has become important in today’s workplace to take inventory of a business’s knowledge assets to include both tacit and explicit to increase equity, innovation and competitiveness. In today's free market and ever-changing economy, businesses understand the need to manage proprietary knowledge or “in house” knowledge to maintain competitiveness. How this is done and fostered in a way that it is embraced by the employees is the challenge realized by those who understand the need for knowledge management. For this reason, many business managers are seeking a solution. (Carlucci, 2006) Purpose of the Study The purpose of this study is to research different methods of knowledge management strategies to inform on how business can become more competit.