Well, knowledge management is the concept of finding, gathering, assessing, organizing, and sharing information or knowledge. The classic one-line definition of Knowledge Management was offered up by Tom Davenport early on: 'Knowledge Management is the process of capturing, distributing, and effectively using knowledge.' Knowledge Management is a method for organizing, retrieving, assessing, and sharing important information assets. Some of them are as below: 1. Content management systems are used to update, distribute, tag, … (b) Generation of knowledge, by creating conditions for the emergence of a learning organisation. 3. (iv) KM requires whole-hearted support of top management, to provide cultural and technical foundation for the origination and implementation of KM practices. knowledge management (KM): Knowledge management is the name of a concept in which an enterprise consciously and comprehensively gathers, organizes, shares, and analyzes its knowledge in terms of resources, documents, and people skills. Management Knowledge Deciding For The Future - The Post graduate diploma in business management gives inroads to the understanding of how to manage any company or an enterprise at a basic level and advance and progress its functioning and value. Knowledge management (KM) encompasses any systematic attempt to acquire, produce, codify or share knowledge in order to positively enhance organisational learning, performance and competitiveness (Foray and Gault, 2003; Tsoukas and Vladimirou, 2001). Abstract The “Knowledge Platform” (KP) will stimulate the synthesis of knowledge and evidence, the production of information products, and their dissemination to target audiences. Knowledge Management and Information Technology. This concept is known as knowledge management. Then, gathered information is organized, stored, shared, and analyzed using defined techniques. Subscription Services in the Field of Knowledge Management, The Diffusion of Innovations and Some Factors to be Considered, Rogers’ Theory of Diffusion of Innovations, Role of Knowledge, Learning and Innovation in Organizations, Leveraging and Transferring Organizational Knowledge, Methods of Improving Organizational Knowledge, Knowledge Management in the Age of Information Overload, Emergence of Technology Assisted Self Learning and How it can be a Game Changer, Benefits and Advantages of Self Learning for Students, Professionals, and Everyone, How Machine Learning Can Usher in a New Paradigm of Organizational Learning, Knowledge Wars: Technology Transfer, IP Theft, and the Business Battles of the Future. In fact, KM aided by IT tools enables a corporation to design and implement most appropriate corporate strategies. (ii) Knowledge is of two types – explicit and implicit. Knowledge is facts, information, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject. Depending on what the company needs, their knowledge management will look different. 2. Best utilisation of knowledge takes place when managers utilize knowledge in organisational decision making. Before we explore knowledge management theories and strategies, let's start with an overview of the meaning of knowledge. More effective strategic management thanks to the knowledge of the best strategies, techniques, practices and solutions. Copyright 10. KM and Knowledge Management Systems: This very ambiguous category of systems refers to most systems used in the sharing, discovery, and creation of knowledge. We can bring to bear nearly five decades of experience in logistics, project management, custom content development, staff support, and knowledge transfer to create a complete, turnkey solution for you. Report a Violation, Knowledge Management: Definition and Concepts, Management of Strategic Change: Reasons, Concepts and Remedies. Privacy Policy, Similar Articles Under - Knowldege Management, Digital Piracy & Intellectual Property Rights, Best Practices in Actualizing Effective Knowledge Management, Role of Opinion Leaders and Change Agents in the Knowledge Management Paradigm, Content Aggregators vs.