To better understand knowledge management requires that we first define what is meant by the term... more To better understand knowledge management requires that we first define what is meant by the term"knowledge." It is the result of a process that begins with data, which is a specific fact or figure that lacks context. Data organized to provide more context becomes information. Knowledge is the ability to take action based on that information. 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 organizational functions, and ensuring that initiatives are accepted and supported by organizational members. Knowledge management is a process that transforms individual knowledge into organizational knowledge. s The aim of this paper is to show that through creating ,accumulating, organising and utilising knowledge, organisations can enhance organizational performance. The overall objective is to create value and to leverage, improve, and refine the firm's competences and knowledge assets to meet organizational goals and targets.
To better understand knowledge management requires that we first define what is meant by the term... more To better understand knowledge management requires that we first define what is meant by the term"knowledge." It is the result of a process that begins with data, which is a specific fact or figure that lacks context. Data organized to provide more context becomes information. Knowledge is the ability to take action based on that information. 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 organizational functions, and ensuring that initiatives are accepted and supported by organizational members. Knowledge management is a process that transforms individual knowledge into organizational knowledge. s The aim of this paper is to show that through creating ,accumulating, organising and utilising knowledge, organisations can enhance organizational performance. The overall objective is to create value and to leverage, improve, and refine the firm's competences and knowledge assets to meet organizational goals and targets.
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