KNOWLEDGE MANAGMENT

Knowledge Management is the systematic process of capturing, organizing, sharing, and effectively using knowledge within an organization to enhance performance and achieve strategic goals.

Converting tacit knowledge into documented explicit form for reuse.

The two primary types are explicit knowledge (documented, codifiable information like manuals and reports) and tacit knowledge (personal, experiential know-how residing in individuals' minds).

Combining multiple explicit knowledge sources to create new explicit knowledge.

Michael Polanyi coined the concept of tacit knowledge, encapsulated in his famous phrase 'we know more than we can tell,' which underpins much of modern Knowledge Management theory.

Converting explicit knowledge into tacit knowledge through practice and experience.

The SECI model, developed by Nonaka and Takeuchi, describes four modes of knowledge conversion: Socialization, Externalization, Combination, and Internalization, explaining how tacit and explicit knowledge interact and expand.

Identifying the difference between existing knowledge and knowledge needed for goals.