This paper is about the risks of knowledge management process in the multinational environment. This research paper has given a try to analyse the relation between the knowledge dissemination and the effectiveness of working processes in the case of a Hungarian metal industrial company. The inadequacy appearing in the knowledge management processes hides lot of risks, which impact on the performance of the individuals, groups and the whole company. The knowledge dissemination and the usage of knowledge are the most important key processes if we think about the question of co-operation versus competition. It could be more interesting if the leader also be the part of this process. Besides the knowledge basis and processes, a real serious IT support can be found, but there are many still opened questions as in the field of risk management. It is true in general and especially in the case of knowledge management. This paper is trying to walk around the topic, to make the reasons clear why could not be any well-built process although the working group’s willingness to cooperate is bigger than their willingness to compete.