Knowledge Management Is The Process Of Capturing, Developing, Sharing, And Effectively Using Organisational Knowledge

1068 Words Oct 14th, 2014 5 Pages
Knowledge management is the process of capturing, developing, sharing, and effectively using organisational knowledge. It refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge (Introduction to Knowledge Management. (2007, March 19).
This is achieved through the promotion of creating, sharing, and applying knowledge as well as through the feeding of valuable lessons learned and best practices into corporate memory in order to foster continued organizational learning.

Knowledge Management has been a core requirement of many organizational practices and mostly in gaining competitive advantage over other firms. Knowledge itself is precious but if not used properly, then it is worthless. There has been an increase in the usage of technology to further enhance and fasten its effect. With the advent of technology, most firms now use wiki blogs, networking sites such as LinkedIn, Facebook etc to connect, share and store information. This information can be used to learn faster and develop a connected knowledge base. In this manner, time will be saved compared to a manual search. Therefore, fewer workforces are required to do the same job. This has been the trend of most successful companies or those who wish to succeed.

Social networking is a key component of our modern world to communicate with our colleagues or friends. This can be beneficial if used in the right manner. For example, websites…
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