What Is Knowledge Management
?
Generally, knowledge is interpreted, subjective information within a context, which involves understanding and is mostly tacit, not explicit. Knowledge can take many forms. It can be in the form of thoughts, insights, ideas, lore, lessons learnt, practices, and experiences undergone to name just a few.
The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence, there remains a large degree of confusion concerning the applied definition of what knowledge management is. Within the knowledge management community, attempts at defining this elusive term appear to be in constant flux. However, a basic description of what ...
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highlighted. First, that knowledge management (KM) is the discipline that enables productive generation, retention, sharing and maintenance of knowledge to improve the decision-making process and resulting actions. Alternatively, one can state that knowledge management is the process by which individual learning and experience can be accessed, reflected upon, shared, and utilized in order to foster enhanced individual knowledge and, thus, organizational value. It is an approach to managing thoughts, insights, ideas, lessons learnt, best and worst practices, experiences made available, etc. Managing this knowledge requires that knowledge is captured where it is created, shared between people and applied in business processes. If the culture allows and encourages it, and if technology supports it, then learning will happen. Currently, 85% of organizations said their ability to strategically manage knowledge is weak, 80% said hiring, evaluation, and compensation practices do not ...
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by a growing awareness of the kinds of knowledge that relate to a core capability. This phase is dominated by identifying and locating that knowledge and putting in place the technical infrastructure to facilitate capture. The organisation recognises the value of knowledge management to its business, and begins its journey with a few successful pilots, which then attract the interest of a wider community.
Sharing between communities: the organisation provides means and motivation for communities of practice (CoP) to assemble (induced by a business need) and disassemble (if the business need disappears). CoPs differ from teams in that they are driven by a common interest, whereas a team is ...
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What Is Knowledge Management. (2006, October 26). Retrieved April 18, 2024, from http://www.essayworld.com/essays/What-Is-Knowledge-Management/54564
"What Is Knowledge Management." Essayworld.com. Essayworld.com, 26 Oct. 2006. Web. 18 Apr. 2024. <http://www.essayworld.com/essays/What-Is-Knowledge-Management/54564>
"What Is Knowledge Management." Essayworld.com. October 26, 2006. Accessed April 18, 2024. http://www.essayworld.com/essays/What-Is-Knowledge-Management/54564.
"What Is Knowledge Management." Essayworld.com. October 26, 2006. Accessed April 18, 2024. http://www.essayworld.com/essays/What-Is-Knowledge-Management/54564.
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