Knowledge Management Essay Example | Topics and Well Written Essays - 1000 words

Knowledge Management - Essay Example The paper talks about knowledge management that has been developed as a tool as well as an effective strategy that focuses on using of data, information and knowledge among the people in an organization. It therefore concentrates on creating, sharing and utilizing the data or information that are either stored in database or documented in scripts or papers, and converting them to useful forms of knowledge for the benefits of the organization. Data is un-processed information, and when these are gathered, analyzed, interpreted and recorded in documents or database, it becomes information. Knowledge occurs when people gain information and are processed for the use of them in the organization. For several years, organizations have been solely depending on documents for recording and analyzing the data as well as information, but in recent years, technologies have got major significance and roles in the knowledge management landscape due to the advances in information technology. Tacit a nd Explicit knowledge are common terms in knowledge management literature. Knowledge can be classified as either explicit or tacit. This classification is based on where the data, information and knowledge are stored. According to this classification, knowledge management is a process of storing and making them used for the business throughout the papers, documents, data base as commonly referred as explicit knowledge. Information and knowledge that exists in people’s mind are known to be part of tacit knowledge. ... Tacit and Explicit knowledge are common terms in knowledge management literature. Knowledge can be classified as either explicit or tacit. This classification is based on where the data, information and knowledge are stored. According to this classification, knowledge management is a process of storing and making them used for the business throughout the papers, documents, data base as commonly referred as explicit knowledge. Information and knowledge that exists in people’s mind are known to be part of tacit knowledge (Noe, p. 170). Knowledge that are stored in computers assisted by certain specially built software are very similar to that of tacit knowledge, despite the fact that they are commonly referred as explicit, because they can easily be processed than that of papers or documents. Though both papers and technology data base together are known as explicit forms, technology has made tremendous changes and brought greater conveniences in the field of knowledge managemen t, because technology made knowledge management an easy process. Tacit knowledge is more valuable and possesses greater significance in terms of its effectiveness to business, because knowledge that exist in people’s mind can easily be processed, transferred, shared and converted to more useful forms. People may need more efforts in identifying suitable information from the documents or computers, analyzing them, summarizing and interpreting and finally using them for the business purposes. In short, knowledge management comprises of creation, sharing and using of information and knowledge, that are stored either in papers, documents, database or