What is Knowledge Management?
Knowledge management has often been treated by companies as brainstorming session, formal meetings, informal discussions, presentations, and all kind of data gathering and accumulation sessions. But with the evolution of time and technology, knowledge management should be defined as a well-organized system which can endurably and universally collect and re-use human wisdom. The object of management in a KM system is knowledge, not information. Therefore, in this age of information explosion there is a need to extract knowledge after organizing and categorizing the information. To sum it up: • Improve the communication channel and knowledge sharing. • Store, forever, the companys invisible invaluable intellectual property: Knowledge. • The purpose of knowledge management is through knowledge sharing and re-utilization, to continuously accumulate success stories and experiences in order to stay competitive. • To use the knowledge to continually improve. @ Gartner Group defines KM as the
