First Defintion of knowledge management

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First Defintion of knowledge management.

Knowledge management is the process of capturing value, knowledge and understanding of corporate information, using IT systems, in order to maintain, re-use and re-deploy that knowledge. Capturing, organizing, and storing knowledge and experiences of individual workers and groups within an organization and making it available to others in the organization. The information is stored in a special database called a knowledge base and is used to enhance organizational performance.

Two of the most common ways are:

  • Documenting individual's knowledge and disseminating through manuals or a database
  • Using such tools as groupware, email, and the internet that facilitates communication.

Knowledge management leverages all the key resources that a company has in place and that can be put to use in a more effective way.The value of Knowledge Management relates directly to the effectiveness with which the managed knowledge enables the members of the organization to deal with today's situations and effectively envision and create their future. Without on-demand access to managed knowledge, every situation is addressed based on what the individual or group brings to the situation with them. With on-demand access to managed knowledge, every situation is addressed with the sum total of everything anyone in the organization has ever learned about a situation of a similar nature.

or use this for the definition

What is knowledge management?

Many of us simply do not think in terms of managing knowledge. But we all do it. Each of us is a store of knowledge with training, experiences and informal networks of friends and colleagues whom we seek out when we want to solve a problem or explore an opportunity. Essentially, we get things done and succeed by knowing an answer or knowing someone who does.

Fundamentally, knowledge management is about applying the collective knowledge of the entire workforce to achieve specific organisational goals. The aim of knowledge management is not necessarily to manage all knowledge, just the knowledge that is most important to the organisation. It is about ensuring that people have the knowledge they need, where they need it, when they need it - the right knowledge, in the right place, at the right time.

Knowledge management is unfortunately a misleading term - knowledge resides in people's heads and managing it is not really possible or desirable. What we can do, and what the ideas behind knowledge management are all about, is to establish an environment in which people are encouraged to create, learn, share and use knowledge together for the benefit of the organisation, the people who work in it, and the organisation's customers

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The knowledge management lifecycle

Some organisations measure the progress of their knowledge management activities in terms of their maturity - how far ‘down the line’ they are in implementing knowledge management practices and ways of working. The aim is to provide organisations with a map to guide them from getting started right through to ‘institutionalising’ knowledge management - embedding it in the organisation and making it an integral part of the way an organisation works. The map has five stages:

Get started

Develop a strategy

Design and launch a knowledge management initiative

Expand and support

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