It’s about how you can take a nugget or an insight, then communicate it in a way that intrigues people, and makes them interested to learn more. Knowledge Management is often focused on how to capture knowledge. The assets may include databases, procedures, documents, policies and previously un-captured expertise and experience in individual workers.įor organizations, Knowledge Management is known as Knowledge Driven Business Management where Knowledge Management facilitates the use of knowledge sharing to promote learning and innovation across the organization. It is a discipline promoting an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise’s information assets. Knowledge Management is a set of tools, procedures, methods, practices, and desired behaviors that help an organization to be more productive. What is Knowledge Management, and what is it about? With this in mind, it’s not surprising to see poor knowledge-sharing practices cost Fortune 500 companies about $31.5 billion annually. Knowledge is a remarkably valuable asset, as 74% of organisations estimate that effective knowledge management disciplines increase company productivity by 10-40%. One of the best ways businesses can achieve this is by recognising, nurturing and cultivating those that have the knowledge in the first place. Of course, gaining highly qualified employees takes investment. In recent years, it has become undeniable that globally, we somewhat lack the ‘high-end’, technological skills that are crucial for many businesses and large corporations. We all know the old saying ‘knowledge is power’ and every day we recognise the truth of it more and more, in both our working and personal lives. The Benefits of Adopting Knowledge Management Tools and Technologies in Your Business

Personal knowledge management pdf