Knowledge management

Knowledge Management (KM) is a popular term in management. It refers to asset practices developed and deployed by organizations for identifying, creating and distributing knowledge for reuse. Knowledge management programs are designed to meet specific objectives of the organization. They are meant for achieving specific outcome like shared intelligence, competitive advantage, performance enhancement or other innovations.

One important form of knowledge management in every organization is knowledge transfer. The examples for knowledge transfers are on-the-job peer discussions, apprenticeship, corporate libraries, mentoring programs, professional trainings etc Of late, new technologies such as knowledge bases , expert systems, knowledge repositories are used in these tasks.

Knowledge is regarded as intellectual capital of every organization. Knowledge management facilitates creation or application of this intellectual capital in the organization. Knowledge Management (KM) programs are closely concerned with organizational learning strategies. But they focus mainly on identification and development of specific knowledge assets. Knowledge management has produced new roles and responsibilities. It has opened newer avenues of employment opportunities

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