Knowledge Management

It is a range of practices which is used by an organization to identify, represent, create, distribute and also enable adoption of experiences. In other words, we can say that it is a process that systematically and continuously transfers knowledge from individual or team for the benefit of the entire organization. The main focus of Knowledge Management is on organizational objectives like competitive advantage, sharing of lessons learned, improved performance, innovation and improvement of the organization. All efforts of KM are distinguished as a strategic asset and with the aim of encouraging exchange of knowledge.

 

Various knowledge management types include:

  1. Skills possessed by individuals.
  2. Cases of real time events give practical knowledge to the users and through this one can learn from previous mistakes. This is the best way to achieve success.
  3. Processes are supposed to be high-level skills that are systematized to provide most abstract form of knowledge.

Stages of Knowledge Management: The different stages of knowledge management include:

  1. Use of IT: Today is the world of Internet and everyone use this technology to enhance the business. According to knowledge management, this is the first stage and is used to share knowledge and coordination across the organization.
  2. Focus on human factors: Getting humans to implement Knowledge Management is essential and this is the second stage of knowledge management. So it is also very important stage of knowledge management.
  3. Awareness: Awareness is very important either about content or about arrangement, structure or description of the content. This is the third stage of knowledge management.

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