Contribution Of Knowledge Management

Knowledge management is a process of collecting, distributing and effectively using knowledge. This is usually defined in terms of a range of practices or process to identify, create, distribute and share knowledge throughout the organization. It is related to business strategy, information technology and human resource management and can therefore be linked to organizational learning. It is focus and an appropriate and tailored combination of change thereby effective knowledge management supports in enabling cooperate renewal, learning and transformation to occur. Understanding the different ways that knowledge can exist and there by being able to distinguish between different types of knowledge, is a fundamental of knowledge management. Over

In recent research there has been a focus on the implementation of IT infrastructures in creating an effective knowledge management. The result of an effective knowledge management system means that the employees within a particular firm should be able to access and apply knowledge to improve overall business performance. Effective knowledge management is depending not only on the use of particular technologies but also on creating an environment which encourages and supports the sharing of knowledge to relate with ability to specialize or level of expertise which directly linked between people. The major benefit of knowledge management is that information can be easily shared between co-workers and members of the staff and that knowledge is not lost if someone goes on vacation, get sick or leave the company. This can result to the savings to an organization’s bottom line. People are easily brought up to speed & valuable knowledge assets are never lost. Because ideas can be shared easily, knowledge management may also increase innovation and help create better customer

Knowledge management and organizational learning theory has a similar interaction and relationship between these two types of knowledge. Explicit knowledge can be considered as formal and systematic. It can be easily identified, summarized and shared. On the other hand this explicit knowledge is the knowledge that can be readily accessed because usually it is that held consciously in mental focus by an individual. This explicit knowledge can also be easily communicated, stored and distributed and is the knowledge found in E-books and other research material. This knowledge can be expressed mainly in words, numbers and symbols. Tacit knowledge is hard to define and briefly can be identified as knowledge that is largely experience based. Because of this tacit knowledge is often context dependent and personal in nature. This type of knowledge is found in the minds of human stakeholders. It includes cultural beliefs, values attitudes, mental models as well as skills, capabilities and expertise. It is highly personal, very difficult to formalize and communicate. An example of Tacit knowledge will be when conducting a web-based training for the first time, the trainer may read the instructions about how to conduct the training but lacks the tacit or the know-how based on experience. Implicit also means what is not expressed and hence it is tacit