The Importance of Knowledge Management

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ESSAY: THE IMPORTANCE OF KNOWLEDGE MANAGEMENT; SHARE TO LEARN, LEARN TO SHARE.

W R IT T E N B Y : J E R R E L D E P A A U W

1. INTRODUCTION

Nowadays, knowledge is an important factor for people to gain distinctive advantages in the present society; through training, coaching and education, people can develop their skills, abilities and attitudes, to gain those distinctive advantages. Through knowledge, people get better jobs, higher compensation and more wealth. Knowledge is a key-driver for people, to survive in this knowledge intensive world; more knowledge means more power. The importance of knowledge in an organizational-context is growing rapidly as well. The dynamics and complexity of the organization’s environment is hard to
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Easy to share: explicit knowledge is easy to share between people.

In general, explicit knowledge can be stated as objective, standing above and separate from both individual and social value systems and secondly that it can be codified into a tangible form (Hislop, 2005). An example of explicit knowledge is a textbook for students. According to Hislop, tacit knowledge on the other hand represents knowledge that people possess, but which is inexpressible. This type of knowledge is linked with both physical/cognitive skills (such as the ability to create a successful advertising slogan), and cognitive frameworks (such as the value systems that people possess). The main characteristics of tacit knowledge are:      Inexpressible in a codifiable form: Subjective: Personal: Context specific: Difficult to share:

In general, tacit knowledge is personal and difficult, if not impossible to disembody and codify. This is because tacit knowledge may not only be difficult to articulate, it may even be subconscious.

3. WAT IS KNOWLEDGE MANAGEMENT?
3.1 KNOWLEDGE MANAGEMENT

Knowledge during the

management is a new management discipline that came to prominence 1990s. The knowledge management literature suggests that since

approximately the mid-1970s, economies and society in general have become more information and knowledge intensive. The literature suggests also that information and knowledge-intense industries replacing manufacturing industries as the key wealth
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