all about managing knowledge
Knowledge management is essentially about getting the right knowledge to the right person at the right time. This in itself may not seem so complex, but it implies a strong tie to corporate strategy, understanding of where and in what forms knowledge exists, creating processes that span organizational functions, and ensuring that initiatives are accepted and supported by organizational members. Knowledge management may also include new knowledge creation, or it may solely focus on knowledge sharing, storage, and refinement.
It is important to remember that knowledge management is not about managing knowledge for knowledge's sake. The overall objective is to create value and to leverage, improve, and refine the firm's competences and knowledge assets to meet organizational goals and targets. Implementing knowledge management thus has several dimensions including Knowlege managenebt strategy, Organizational culture, Organizational process, management and leadership and technology:
The long-term support to implement and sustain initiatives that involve virtually all organizational functions, which may be costly to implement (both from the perspective of time and money), and which often do not have a directly visible return on investment in short-term. Nowadays, organizations constantly lookidng for instant solutions to boost revenues and figures, but knowledge management area is looking into long term benefit and applicable for companies have a vision, which if a company, in today's competitive environment, does not have, I will be suprised and worries,