Meaning and Concept of Knowledge Management(KM)
The concept of knowledge management (KM) is rooted in the idea that knowledge is a valuable asset that can be leveraged for the benefit of organizations and communities. KM involves the systematic and intentional management of knowledge resources to facilitate learning, innovation, and collaboration. The fundamental premise of KM is that knowledge is not just a static resource to be stored and retrieved, but rather a dynamic and evolving asset that can be created, shared, and applied in new ways. KM recognizes that knowledge resides not only in individuals, but also in the collective knowledge of teams, organizations, and communities.
KM encompasses a range of activities and practices, including knowledge creation, knowledge capture, knowledge sharing, and knowledge transfer. Effective KM involves the development of a supportive culture that encourages the sharing of knowledge and the creation of new knowledge, as well as the implementation of appropriate technologies and processes to support these activities. The goal of KM is to enable organizations and communities to make better use of their knowledge resources, leading to improved performance, innovation, and competitiveness. By managing knowledge effectively, organizations can build and sustain their competitive advantage, enhance their capacity to innovate and respond more effectively to changing circumstances and opportunities.
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