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.

Latest News


PAR Technology Corporation Releases Next Version of SpaSoft(R) Spa ...
MarketWatch - 9 hours ago
With a unique booking engine, advanced resource inventory, scheduling, yield management and reporting tools, SpaSoft is the system of choice for today's ...

New York Times Blogs

UPDATE 1-Owners battle over fate of 65 Steve & Barry's stores
Reuters - 2 hours ago
... the new owners of Steve & Barry's -- investment firms Bay Harbour Management and York Capital Management -- filed for bankruptcy protection on Wednesday ...
Steve & Barry’s to liquidate Bizjournals.com
Steve & Barry's again files for bankruptcy Newsday
Steve & Barry's to begin liquidating stores The Associated Press
Bizjournals.com - Bizjournals.com
all 256 news articles

Founders & Former Executive Management Team of LCA-Vision Seek ...
MarketWatch - 2 hours ago
The three of them worked together as the executive management team of LCAV to grow the market capitalization of the Company in excess of 1000% from ...
LCA-Vision Names Michael J. Celebrezze CFO MarketWatch
all 28 news articles

MassMutual Announces Promotions for Two Co-Chief Operating Officers
MarketWatch - 7 hours ago
Bill has also proven his exceptional capabilities as a leader in the asset management business and in building strong financial services organizations," Mr. ...
MassMutual Life promotes COOs Bizjournals.com
OppenheimerFunds Names CEO Markets Media (press release)
Shake-up at OppenheimerFunds, MassMutual Pensions & Investments
InvestmentNews - MarketWatch
all 37 news articles

Microsoft Plans Subscription-Based PC Management
PC Magazine - 3 hours ago
by Mark Hachman Microsoft said this week that it will extend its subscription-based offerings into desktop PC management, although details on the new ...

Angiotech Terminates Note Repurchase Agreement With Ares ...
RTT News, NY - 8 hours ago
TO) said it terminated the note purchase agreement with Ares Management and New Leaf Venture Partners. Earlier, Angiotech said it had notified Ares and New ...
Private equity firms pull out of Angiotech financing agreement The Canadian Press
Firms pull out of Angiotech agreement Toronto Star
Angiotech announces termination of note purchase agreement with ... Trading Markets (press release)
all 41 news articles

AFP

Treasury to Buy Reserve Government Fund's Holdings (Update3)
Bloomberg - 11 hours ago
3, according to statements today by the department and New York- based Reserve Management Corp., the fund's owner. Shareholders can expect their money by ...
Treasury Will Help Liquidate Reserve Fund Wall Street Journal
Treasury to Support a Frozen Money Fund New York Times
Treasury to backstop mutual fund The Associated Press
MarketWatch - Bloomberg
all 101 news articles

TOWONA Strengthens Management Team; Li Jieling, Lin Ming, Kong ...
MarketWatch - 8 hours ago
The TOWONA group formed the complete management framework headed by Zhang Zhenzhong as Chairman of the Board and CEO, Zhang Leyang as president, ...

NTN Buzztime, Inc. Announces Management and Board Changes
MarketWatch - 9 hours ago
... will be comprised of Terry Bateman, Kendra Berger, the company's chief financial officer and other members of the management team. ...
PCTEL Board of Directors Authorizes Stock Buyback WELT ONLINE
Wi-LAN Appoints New Chairman of the Board MarketWatch
all 42 news articles

Innerscope Research Strengthens Management Team With Three ...
MarketWatch - 4 hours ago
... healthcare and service sectors, brings to Innerscope significant experience in marketing, customer relationship management and operations. ...

Resources