What is Knowledge Management Anyway?

When you think of all the things companies have, you do not always consider the knowledge they have. For instance, a company is only as good as its employees, its resources, and its knowledge. But, where and what is that knowledge? How is that knowledge managed within the company?

A basic definition of knowledge management is this. Knowledge management is a process that companies use to generate value from their assets. Knowledge management can be much more, but this is the basics of it. Now, there are two types of knowledge management to speak of at this point. One is explicit knowledge.

What is that?

It is the assets such as 'paper' assets such as trade marks, patents, files, employee lists, customer lists, marketing research, and even business plans. The other type of knowledge management is tacit knowledge. This type of knowledge is the stuff inside people's heads. For obvious reasons this is the hardest knowledge to manage. How do you know what is there and how do you put a price tag so to speak on it?

Knowledge management is a much larger concept then this. But, companies often strive to figure out what their knowledge assets are and how to organize and place value on them. In many cases, programs can be used to help with organization and drawing in the knowledge itself. To find out more on knowledge management, you can check out any of the many websites that explain it in greater detail. In order to be successful at knowledge management, a business owner needs to understand the proper way to utilize it and manage it.

The Knowledge Management Resource Site is an all-on-one resource for everything about Knowledge Management.

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.fool.com/investing/general/2008/10/10/5-star-stocks-poised-to-pop-brookfield-asset-manag.aspxcid=1255527555ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNELJgyAMr_Ozks3PoTqu7tIr6EWeQ5-Star Stocks Poised to Pop: Brookfield Asset bManagement/b/abrfont size=-1font color=#6f6f6fMotley Foolnbsp;-/font nobrOct 10, 2008/nobr/fontbrfont size=-1You just don#39;t get too many opportunities to invest in a bmanagement/b team like this at a reasonable price. This company controls a vast portfolio of quality, b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nytimes.com/2008/10/11/us/11brfs-TRAFFICKERSH_BRF.html%3Fref%3Duscid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNHNh8iHA6dFGDHjdkd-3jBJml6HQwNevada: Traffickers Hold Biologists/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobrOct 10, 2008/nobr/fontbrfont size=-1By AP Three federal biologists conducting research for the Bureau of Land bManagement/b were held at gunpoint by suspected members of a Mexican drug cartel b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.lasvegassun.com/news/2008/oct/10/drug-cartels-hidden-nevada-pot-farm-seized-destroy/cid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNGs0lqFhi4HxiuPx3aKoAHg_15GRADrug cartel’s hidden Nevada pot farm seized/a font size=-1 color=#6f6f6fnobrLas Vegas Sun/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5jD5uteLdL_osfQlOtpv0YON7iiKAD93NU6NG0cid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNG4tMwKe7A6JEMyqEmPrChk0AER2w3 BLM workers held at gunpoint at Nev. pot patch/a font size=-1 color=#6f6f6fnobrThe Associated Press/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.lvrj.com/news/breaking_news/30813804.htmlcid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNGYpdHqlBueJHnMLP06PXCLW2m40QBiologists who find pot garden held at gunpoint/a font size=-1 color=#6f6f6fnobrLas Vegas Review - Journal/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ktvn.com/Global/story.asp%3FS%3D9160740cid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNGM0DkX70KFLFe0wOKbCpyl09b-kgnobrKTVN/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mesquitelocalnews.com/viewnews.php%3Fnewsid%3D1063%26id%3D11cid=1256222931ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNFJrgpqdi6PgB6TuYq5278fC3264wnobrMesquite Local News/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256222931hl=ennobrall 151 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://weblogs.newsday.com/news/opinion/viewsday/2008/10/people_looking_for_something_t.htmlcid=1256726378ei=q4DxSNxIptTqA4TemdoDusg=AFQjCNEr1IZAQB2hqFpSYqAQIFNQfn7PbQAnger bmanagement/b/abrfont size=-1font color=#6f6f6fNewsday,nbsp;NYnbsp;-/font nobrOct 10, 2008/nobr/fontbrfont size=-1People looking for something to be angry about these days needn#39;t look hard: The economy is tanking, housing and healthcare costs are crippling, b.../b/font/div/font/td/tr/table
management - Google News

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