Recently the knowledge management processes are analysed as the main source of uniqueness for the organisations, while they are facing the challenge of implementing the most efficient processes that affect their performance (Chang, Hsu, & Yen, 2012; Kianto, Vanhala, & Heilmann, 2016; Raudeliūnienė & Meidutė-Kavaliauskienė, 2016; Raudeliūnienė, Davidavičienė, & Jakubavičius, 2018; Känsäkoski, 2017). The scientists distinguish different combinations of knowledge manage-ment processes in approaching the knowledge management process and analysis has shown that knowledge management processes, studied by most scientists, do not have a clear knowledge man-agement structure (García-Fernández, 2015; Raudeliūnienė et al., 2018). The purpose of this study is to examine the knowledge management concept and knowledge management cycle considering the different interpretations of scientists. The study is grounded on scientific literature review.