What is Knowledge Management?

It
is quite difficult to define the knowledge management unless we don’t have a
strong idea of what is the knowledge is. Before defining the knowledge
management needs to effectively define the term knowledge first, that we will
discuss later.

But first we can define knowledge management as an activity
which has two basic objectives in a business. The first objective is to collect
the knowledge that is important for the business and has direct concerns with
the business strategy, policy and practice of an organization at all levels.
The second objective of the knowledge management s to map the intellectual
assets of the organization, making these vast amounts of corporate information
accessible and sharing the best practices through the technology that
enables above function including intranet and groupware.

Role of knowledge management in the business

,
tacit knowledge is often viewed as the real key to getting things done and
creating new value. Not explicit knowledge. Thus we often encounter an emphasis
on the “learning organization” and other approaches that stress internalization
of information (through experience and action) and generation of new knowledge
through managed interaction.

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