Knowledge Management

Knowledge Management 

Knowledge Management is the process of creating, sharing, using and managing the knowledge and information of an organisation. It refers to a multidisciplinary approach to achieve organisational objectives by making the best use of knowledge.

Knowledge can refer to a theoretical or practical understanding of a subject. It can be implicit (as with practical skill or expertise) or explicit (as with the theoretical understanding of a subject). Knowledge management is essentially about getting the right knowledge to the right person at the right time. Different frameworks for distinguishing between different 'types of' knowledge exist.

Tacit knowledge (It is also known as implicit knowledge)  is the kind of knowledge that is difficult to transfer to another person by means of writing it down or verbalizing it. For example, Delhi is in the INDIA is a piece of explicit knowledge that can be written down, transmitted, and understood by a recipient. However, the ability to speak a language, ride a horse, play a musical instrument, or design and use complex equipment requires all sorts of knowledge which is not always known explicitly, even by expert practitioners, and which is difficult or impossible to explicitly transfer to other people.

Explicit knowledge (It is also known as expressive knowledge) is the knowledge that can be readily articulated, codified, stored and accessed. It can be easily transmitted to others. Most forms of explicit knowledge can be stored in certain media, It may be in audio, video or write form. Explicit knowledge is often seen as complementary to tacit knowledge.

It is easy to manage explicit knowledge. It is important to remember that knowledge management is not about managing knowledge for knowledge's sake. 

Concept: Knowledge management strategy must be dependent on corporate strategy. The objective is to manage, share, and create relevant knowledge assets that will help meet tactical and strategic requirements. The organisational environment influences the way people interact, the context within which knowledge is created, the resistance they will have towards certain changes, and ultimately the way they share (or the way they do not share) knowledge. Knowledge Management requires competent and experienced leadership at all levels.