Knowledge Management (KM) includes a variety of practices utilized in an organization to recognize, generate, symbolize, allocate and facilitate acceptance of experiences and insights. Such experiences and insights include knowledge, either embodied in persons or embedded in organizational practice or processes. A recognized discipline ever since 1995, KM comprises lessons trained in fields of business management, management, information systems, as well as library in addition to information science. More lately, other fields, to comprise those focused on media and information, public health, computer science and public policy, also have began contributing to the KM research. A lot of large companies as well as non-profit organizations have resources devoted to the internal KM efforts, usually as the part of their 'Information Technology', 'Business Strategy' or 'Human Resource Management' sections. Numerous consulting companies also survive that give strategy and recommendation considering KM to these organizations.
KM efforts classically focus on organizational objectives like enhanced performance, innovation, competitive advantage, sharing of training learned, as well as nonstop development of the organization. KM efforts overlap with Organizational knowledge, and might be differentiated from by a better focus on Denver Pain Management of knowledge as the planned asset as well as a focus on supporting the exchange of information. KM efforts could assist groups and individuals to share valuable organizational insights, to decrease unnecessary work, to avoid reinventing wheel per se, to decrease teaching time for the new workers, to maintain intellectual capital as employee’s earnings in an organization, as well as to adapt to varying markets and environments.
Knowledge Management efforts have a long record, to comprise on-the-job planning, discussion forums, formal apprenticeship, corporate libraries, expert teaching as well as mentoring programs. More lately, with the increased use of processors in second half of 20th century, particular adaptations of the technologies like knowledge bases, knowledge repositories, expert systems, group decision support systems, in addition to computer supported supportive work have been initiated to further improve such efforts.
A wide range of opinion on KM discipline survives with no agreed contract; approaches differ by school and author. As the regulation matures, educational debates have augmented concerning both the practice and theory of KM, to comprise the following outlooks:
- Techno-centric with focus on skill, preferably those that improve information sharing and formation.
- Organizational with focus on how an organization could be planned to help knowledge processes finest.
- Ecological with focus on interface of people, individuality, awareness, and ecological factors as complex adaptive scheme similar to a normal ecosystem.
Irrespective of the school of deliberation, basic components of KM comprise People, Technology (or) Culture, Processes, Structure, skill, depending on particular viewpoint. Special KM schools of consideration comprise a variety of lenses during which Knowledge Management can be explained and viewed, to comprise:
- society of practice
- communal network study
- complexity science
- intellectual capital
- information theory
Knowledge might be accessed at 3 stages: prior to, during, or after Knowledge Management related activities. Different organizations have tried a variety of knowledge capture incentives, comprising making content submission compulsory and integrating rewards to performance measurement plans. Significant controversy survives over if incentives work or not in this field as well as no agreement has appeared.