Modern organizations are challenged to permanently be prepared for changes. The competitive advantage can be reached only when organizations are aware what resources are the most essential for the proper functioning. This situation is linked also to the modern education which nowadays have to be more market oriented. Such approach requires greater involvement and allows faster development, thanks to competitiveness which naturally stimulates activity. The main goal of the article is to present new approaches of modern teaching in context of KM. The first part presents roots of KM and it’s definition. The second part is connected with challenges of modern education. The last section describes KM tools used as an aspects of present education.