What is Knowledge Management? Essay examples

Knowledge management was defined as the turning of information into actionable knowledge which can be accessed by people who can apply it. Robbins (2003) gives a time perspective in his definition of knowledge management. He mentions as part of knowledge management the distribution of the right information to the right people at the right time. Lytras et al (2002) gives a definition of knowledge management which emphasises the purpose of knowledge management. In the definition creation of new capabilities, enablement for superior performance, encouraging innovation and enhancement of customer value were mentioned. For the purpose of this study the researcher summarised knowledge management as the intentional process of coordinating people, technology and systems to optimise creation and sharing of intellectual

The superior capabilities of knowledge management systems provide an opportunity for the business to engage the most effective components and recognize the importance of communication to make informed, accurate decisions (McGrath, 2001). This system can organize the company’s knowledge resources, knowledge obtaining, organizing, and applying to make a sound routine the will enforce effectiveness (Niu, 2008). The dynamic function of knowledge management to create, capture, and apply knowledge to achieve an organization’s objective will allow them to be more profitable and successful (Zucker, 1986). In addition to increasing profits, the system can be also used to reduce costs and enhance research and development (DeTienne & Jackson, 2001). With all of these advantages, it would be wasteful for a company to not employ knowledge management. As seen in the Discovery Communications, Inc. example, the company can attribute their new productivity levels and increase in ease of securing documents to the knowledge management system that put into place by Carefree Technology. Like Discovery Communications, Inc., knowledge management is so popular today because companies can collect, process and share knowledge to ignite employees ' creativity which in turn will make the business grow. Wenhong and Jianhua (2009) explained the core of knowledge management is to convert company’s knowledge resources into an increased company

Knowledge is defined as “an understanding and one that gains knowledge through experience, reasoning, intuition and learning” (Cong, & Pandya, 2003, p. 2). Individuals can inflate their knowledge when they share their knowledge with others, and when knowledge is combined with other people’s knowledge they will begin to build new knowledge. It is also considered as a mixture of values, experience, background information, grounded intuition and authority insight that offers a framework and environment for integrating and gauging new information and experiences. It “is applied in the minds of knowers and in organizations, where it is often embedded not only in documents or repositories but also in organizational routines, processes, practices and norms” (Cong, & Pandya, 2003, p. 2).

With the benefit of hindsight, it is apparent that in the knowledge era, creating and leveraging knowledge is the business of business. By all available measures, the stock market is already providing handsome rewards to companies that successfully leverage their knowledge--a phenomenon that will almost surely grow in significance as knowledge-based organizations increase in size and number. A number of firms are anticipating this and looking to knowledge management to enhance, measure, and manage the knowledge of their employees and organizations more effectively.

Our general cognize of the world is comes from three different types of knowledge, which are traditional knowledge, faith knowledge and science knowledge. It are brand new information that I When I first time saw these words which were brand new information for me, and I was expecting to learn more about the new things. In the class we watched videos that show different between two of each knowledge. After that we had a discussion about it. Professor asked us to classify knowledge in the video which help us to enhance our memory about these three different types of knowledge. I made notes while listening others discussion and it is a good way for me to accept new information quickly and I could memorize the example in order to make connection in our life. As this part end, I had learnt that in our life, the way we gain knowledge can be classified. Besides according to the classified we know that some of information has not be authorized

Call, D. (2005). Knowledge management - not rocket science. Journal of Knowledge Management. (April) p.19-30. [Online]. Available from: http://www.emeraldinsight.com.ezproxy.staffs.ac.uk/doi/abs/10.1108/13673270510590191 [Accessed: 20 November 2016].

Knowledge is an important part of everyone's lives; the human nature to gain more over the years has been an evolutionary process that has shifted over time. Knowledge tends to lead a person in search of more information. Curiosity and thirst for knowledge is present within everyone and varies based on the urges of the individual; the user has the ultimate power for the use of the information. The information gained by an individual must be used with careful considerations of the consequences it holds. The word itself has an impact to our nation that can alter the initial meaning altogether. Over the course of history, knowledge has an impact on the political and social spheres, which in turn also impacts the economic aspect of our world.

Knowledge, as we all understand, can be general or specialized. We are able to gather knowledge about certain aspects of reality, branches of science, skills, traits and phenomena observable in nature. But there is another kind of “knowledge”, which is the sum of every subcategoric, specific knowledge. This knowledge is what we know about the “world” - how knowledgeable we are, how well can we navigate the seas of reality because of our knowledge about its currents, flows and hidden reefs.

Knowledge is defined to be facts, information, and skills acquired through experience or education. There are two categories that fall under knowledge; personal knowledge and shared knowledge. Shared knowledge refers to what “we know because.” It can also be defined as communicated and constructed knowledge; within culture, social norms, and semiotics. Personal knowledge refers to “I know because.” An expanded definition of personal knowledge refers to personal experiences, values, and perceptions. Shared knowledge changes and evolves over time because of methods that are continuously shared. It is assembled by a group of people. Personal knowledge, on the other hand, depends crucially on the experiences of a particular individual. It is gained

Tacit knowledge is difficult to express and formalize, and therefore difficult to share. It includes skills and "know how" that we have inside us and cannot be shared easily. This kind of knowledge is acquired through experience over years. Tacit knowledge is highly personal and hard to be formalized. It can only exist in the human's mind. It is a product of people interaction with each other and the people interaction with the environment around them. Thus, tacit knowledge accordingly can be transformed into explicit knowledge through interaction and exchanging of ideas between people within a social context or through formal writing and

Knowledge: Consists of data and/or information that have been organized and processed to convey understanding, experience, accumulated learning, and expertise as they apply to a current business problem. (CH01)Slide#9

Knowledge is valuable if it is useful; however useful is a future condition, which is unconnected to how we get the knowledge. Moreover, lessons learned through hardship seem more important and it can be recall more easily. For example, manufacturing gears is easier than manufacturing a

In many areas of knowledge, to know is to be able to understand. In the areas of

Notably, a master list of definitions for knowledge do not subsist because erudition is pristinely theoretical. (Gemma, 2014) Although, there are six forms of knowledge that I will address in this paper. The six include, priori knowledge, posteriori knowledge, explicit knowledge, tacit

Knowledge management is described as the capability of a company to research and develop new technology, disseminate it with purpose and under control, apply it on the products, services and systems. [1]