What Is Knowledge Management Essay

What exactly is knowledge management? “Knowledge management is defined as developing a system to improve the creation and sharing of knowledge critical for decision making” (Kreitner, 217). Tacit knowledge involves the creative minds of the production because “it is personal, intuitive, and undocumented

Knowledge is much more than the transmitted or acquired information.  It is the awareness and understanding of facts, truths or beliefs resulting from perception, learning and reasoning.

Hislop, D. (2013). Knowledge management in organizations: A critical introduction (3rd ed.). Oxford, UK: Oxford University Press.

Knowledge is the state of awareness or understanding gained from experience or study and learning specific information about something. This means a person has the resourcefulness to obtain and criticize

Knowledge Management is a tool that uses internet technologies to put large amounts of data online using a company’s intranet. This set up creates a central depository of a company’s information. This gives all employees within a company access to the vast wealth of knowledge a company has created. This knowledge can consist of many different types of information. Some examples are client knowledge, knowledge of process, knowledge in the memory of the firm, knowledge from relationships, and physical knowledge (Knowledge Management, 2007, February). A company can use this information for many purposes. The knowledge can be used for consistency, authority, empowerment, a single source of truth, or storage clarity (Musico, C. 2012,

The findings of this research cleared conceptualization of KM activities and a guide to using social capital to support those activities within organisations. This study made significant contributions across multiple areas of knowledge management research. This section demonstrates the significance of this study through giving further details about the contributions that it makes to theory, transference, and practice.

The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence, there remains a large degree of confusion concerning the applied definition of what knowledge management is. Within the knowledge management community, attempts at defining this elusive term appear to be in constant flux. However, a basic description of what constitutes knowledge management, and the various

Knowledge can be gained and interpreted in many different ways. It all depends on how people prioritize different ways of knowing and how they perceive what knowledge is. This has led to the question, Does knowledge consist solely of proven facts and information that can be organized in a coherent manner, or is knowledge deeper, depending not only on facts, but also on interpretation stemming from individual experiences? The question is, are facts alone enough to constitute knowledge or do those facts need to be interpreted under guidance of personal experiences in order to gain knowledge. In two areas of knowledge that have a large role in my life, natural science and religion, I can see both sides to the argument.

There are two dominant streams of research on knowledge management in modern academic literature: the resource-based and the process-based. The first stream focuses mainly on the increase of knowledge stock and there use of knowledge repositories (Barney, 1991; Kamara et al., 2002). Knowledge management is viewed as a developing system of techniques and values by the means of which organization effectively acquires and uses its intellectual assets (Snowden, 1999).

Knowledge management is critical to organizations. According to Gregory R. Wenig, knowledge management is consists of activities from its own experience and from the experience of others, and on the judicious application of that knowledge to fulfill the mission of the organization. In my point of view, I think that knowledge management is performed by organization to appropriately handle, distribute, and transfer assets of knowledge, experience, and ideas from individual

One of the primary reasons for the heightened interest in knowledge management is owing to the advances in information and communication technologies. But why have these technologies created such interest in how people can manage knowledge? Grover and Davenport (2001) highlight that the computing technology evolves in business to the point where it generates interest in managing knowledge. It starts by enabling processes at the level of transactions at the point of work. These systems were collecting amount of data which need to be processed to make sense out of it, and hence, the advent of data processing systems. Such a vast amount of information needs to be interpreted and applied by the management for effective action and even

It has been argued that within the short space of time between defining knowledge management and it becoming a common phrase, many organisations stated one of their main aims as ‘leveraging organisational knowledge’ (Ruggles, 1998). It is with this in mind that organisations must be aware of their knowledge workers, the information they hold and any potential knowledge based changes that may need to be implemented to help their success, or even, survival.

Knowledge management is a topic of current interest today in both the industry and research world. Knowledge management is applied throughout the world in all industrial sectors, public sector, private organization and international charities too. With the increasing number of knowledge assets available with an organization, efficient management of these assets has become a critical issue and the knowledge management has proved a key for solve the all issues. In our daily life, we deal with huge amount of data and information. Data and information is not knowledge until we know how to get the value out of it. This is the reason which we need knowledge management. Knowledge has become a crown jewel of every business organization. It is a theoretical and practical understanding of a subject and it forms the core essence of an organization’s assets. Knowledge Management is essentially about getting the right knowledge to the right person at the right time. This in itself may not seem so complex, but it implies a strong tie to corporate strategy, understanding of where and in what forms knowledge exists, creating processes that span over organizational functions, and ensuring that initiatives are accepted and supported by organizational members. Knowledge Management may also include new knowledge creation

Abstract - knowledge management is a discipline that seeks to improve the performance of individuals and organizations by maintaining and influencing the present and future value of knowledge resources. It is an amalgamation of plentiful endeavors and fields of study. This paper provides a framework for distinguishing the various tools like methods, practices and technologies available to knowledge management practitioners. It includes a summary of a number of key terms and concepts, illustrates the framework, imparting examples of how to use it and searching a variety of prospective areas.

It has become explicit that knowledge management is not just another fad which has been hyped up by the management consultants and technology vendors. (Remenyi, 2004).It is not facile to implement knowledge management successfully; in as much as it offers. Knowledge management panaceas depending on technology have not produced convincing results considering that more money has been spent. Remenyi went on to say that knowledge management is far more than a technological issue and thus, what is really entailed is a rethink with a prominence on the people side of knowledge management and such approach is the use of a knowledge café.