Many large companies and non-profit organizations have resources dedicated to internal KM efforts, often as a part of their 'business strategy ', 'information technology ', or 'human resource management ' departments. Several consulting companies also exist that provide strategy and advice regarding KM to these organizations. In other words, Knowledge Management is a process that, continuously and systematically, transfers knowledge from individuals and teams, who generate them, to the brain of the organization for the benefit of the entire organization. KM efforts typically focus on organizational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, and continuous improvement of the organization. KM efforts overlap with Organizational Learning, and may be distinguished from by a greater focus on the management of knowledge as a strategic asset and a focus on encouraging the exchange of knowledge. What is knowledge management? At Knowledge Praxis, we define knowledge management as a business activity with two primary aspects:
* Treating the knowledge component of business activities as an explicit concern of business reflected in strategy, policy, and practice at all levels of the organization.
* Making a direct
References: 1. Allee, Verna. "12 Principles of Knowledge Management." Training & Development 51.11 (November 1997): 71-74. 2. Cortada, James W. and John A. Woods, eds. Knowledge Management Yearbook 1999-2000 . Woburn, MA: Butterworth-Heinemann, 1999. 3. Albert, Steven and Keith Bradley. Managing Knowledge: Experts, Agencies and Organizations. Cambridge, NY: Cambridge University Press, 1997. 4. American Productivity and Quality Center. Knowledge Management. Houston, TX: American Productivity and Quality Center, 1996 5 6. Frappaolo, Carl. "Defining Knowledge Management: Four Basic Functions." Computerworld 32 (23 February 1998): 80. 7. Martinez, Michelle Neely. "Knowledge Management: The Collective Power." HR Magazine 43 (February 1998): 88-92, 94. Websites: * Brint: Knowledge Management and Organizational Learning http://www.brint.com * KMWorld Magazine