Business Knowledge Management Definition
Knowledge management KM is the process of creating sharing using and managing the knowledge and information of an organization. Your understanding of what customers want combined with your workers know-how can be regarded as your knowledge base.
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In finer terms knowledge management is the process of handling organizations knowledge efficiently so as to create value and fulfil strategic objectives.
Business knowledge management definition. Provides an overview of knowledge management and the knowledge management. A knowledge management system is made up of different software modules served by a central user interface. The field of knowledge management identifies two main types of knowledge.
KM promotes a collaborative and integrative approach to the creation capture organization access and use of information assets including the tacit uncaptured knowledge of. Knowledge management is the systematic management of an organizations knowledge assets for the purpose of creating value and meeting tactical. Knowledge management relies on an understanding of knowledge which consists of discrete or intangible skills that a person possesses.
Well knowledge management is the concept of finding gathering assessing organizing and sharing information or knowledge. A knowledge management system KMS is a system for applying and using knowledge management principles. Knowledge management KM is a business process that formalizes the management and use of an enterprises intellectual assets.
Knowledge Management implies the effective governance of organizations acquired and generated knowledge relating to technical know-how insights experiences strategies and tactics. It refers to a multidisciplinary approach to achieve organisational objectives by making the best use of knowledge. The information and knowledge consists of documents procedures.
What is knowledge management in business. In todays fast-changing business environment employees continual development is essential. These include data-driven objectives around business productivity a competitive business model business intelligence analysis and more.
Knowledge management often aligned with training and learning as well as. Knowledge Management KM refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge. KM focuses on processes such as acquiring creating and sharing knowledge and the cultural and technical foundations that support them.
It consists of the initiatives processes strategies and systems that sustain and enhance the storage assessment sharing refinement and creation of knowledge. Using this knowledge in the right way can help you run your business more efficiently decrease business risks and exploit opportunities to the full. Knowledge management KM is the process es used to handle and oversee all the knowledge that exists within a company.
Knowledge management is the practice of ensuring insights results and learning within an organization is captured and made available for staff to find use update adopt and integrate into company processes.
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