Table of Contents

Knowledge evolves over time with experience, which
puts connection among new situations and events in context.
Knowledge is nothing but information in action. It is broadly
classified into Tacit and Explicit Knowledge. Mainly Explicit
knowledge deals with objective and technical knowledge,
whereas tacit knowledge deals with the domain of the
subjective and experimental learning. Knowledge
management is a managerial activity which develops transfers,
transmits stores and applies knowledge, as well as providing
the members of the organization with real information to react
and make the right decisions, in order to attain the
organizational goals.
II. DEFINITIONS
A. Table 1: Definitions of Knowledge Management by
different authors.
Author
Ouintas and Klobas
( 1997 )
Davenport and
Prusak ( 1998 )
Gupta ( 2000 )
Bhatt ( 2001 )
Holm (2001 )
Horwitch and
Armacost ( 2002 )
Definition of Knowledge Management
KM is to discover, develop, utilize,
deliver and absorb knowledge inside
and outside the organization through an
appropriate management process to
meet current and future needs.
KM is managing the corporation’s
knowledge through a systematically and
organizationally specified process for
acquiring, organizing, sustaining,
applying, sharing and renewing both the
tacit and explicit knowledge of
employees to enhance organizational
performance and create value.
KM is a process that helps
organizations find, select, organize,
disseminate and transfer important
information and expertise necessary for
activities.
KM is a process of knowledge creation,
validation, presentation, distribution
and application.
KM is getting the right information to
the right people at the right time,
helping people create knowledge and
sharing and acting on information.
KM is the creation, extraction,
transformation and storage of the
correct knowledge and information in
order to design better policy, modify
action and deliver results.
Knowledge management is a process that helps organization
to identify, select, organize, disseminate and transfer
important and expertise that are part of the organization’s
memory and that typically reside within the organization in an
unstructured manner. This structuring of knowledge enables
effective and efficient problem solving, dynamic learning,
strategic planning and decision making. Knowledge
management initiatives focus on identifying knowledge, make
clear it in such a way that it can be shared in a formal manner
and leveraging its value through reuse.
Through a supportive organizational climate and
modern information technology, an organization can bring its
entire memory and knowledge to bear upon any problem
anywhere at any point of time. For organizational success,
Knowledge is as a form of capital and must be exchangeable
within in employees.
In the informative technology context, Knowledge is
very distinct from data and information. Whereas data are a
collection of facts, measurement and statistics, information is
organized or processed data that are timely and accurate.
Knowledge is information that is contextual, relevant and
actionable.
B. Figure 1: Process of Data to Knowledge Final Stage
Knowledge Management in modern practice
emphasizes the creation of new knowledge and the timely
application of organizational to maintain strategic advantage.
It assumes that the existing system within the organization is
to support for knowledge creation and the relevant knowledge
is to be sourced internally and externally. The sourced
knowledge has to be recorded or indexed in such a way that it
can be retrieved at any point of time by any person in the
organization to update or to solve any problem that helps to
reach organizational goal.
C. Figure 2: Process of Knowledge Management
Knowledge management is the practice of
discovering innovations for a community by studying its
people, processes and tools. A newly, emerging organization
dealing with all aspects of knowledge required at all verticals
of business involves with: ―Knowledge creation –
documentation (archive) – Sharing (dissemination)‖ and how
these activities promote learning, effectiveness, innovation
and profitability. In practice, Knowledge management
www.theinternationaljournal.org > RJSSM: Volume: 01, Number: 10, Feb-2012 Page 57