Knowledge Capital Building: A tool for Sustainable Library Growth

Abstract

The paper is a theoretical approach to establish that knowledge capital has a relationship with sustainable library growth and how libraries should adapt strategies that will enhance knowledge capital building.Capital knowledge management is a key driver of organisational performance and is a critical tool for library survival, competitiveness and proϔitability. Examining the full advantage of the value of knowledge capital in this season of economic recession is highly recommendable. Therefore, creating, managing, sharing and utilizing knowledge capital effectively is very vital for library growth. The paper is anchored on the following objectives: To determine the importance of knowledge capital in sustaining library growth, to identify challenges working against knowledge capital building in the library,to know strategies of effective knowledge capital building in the Library and the necessity to have good knowledge management practices to enable workers create the right value for the economy.Others areas treated in the paper include strategies for creating organisational culture that facilitates the sharing of knowledge whether formal or informal, development of information and communication technology, making useful knowledge accessible for decision making, identifying the effective use of staff expertise, creating corporate culture and values that encourage knowledge capital building.The paper therefore emphasized that knowledge building of library staff should be a continuous exercise, and more attention should be paid to the level of knowledge acquisitions, organizations and disseminations of the library staff.