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The process of creating, sharing, using, and managing knowledge and information is known as knowledge management. It includes business administration, information systems, management, library, and information system.

The main focus of knowledge management is on objectives of an organization such as improved performance, competitive advantage, innovation, and continuous growth and improvement of the organization.

  • Knowledge management was established in 1991 and since then it is used by every organization.
  • It is a multidisciplinary approach that uses its best knowledge to achieve the goals of the organization.
  • Various fields are included while research in knowledge management.
  • Knowledge management has become such an important topic from the past few years that universities offer graduation and post-graduation degrees in knowledge management.
  • As a part of business strategy, information technology, or human resources management departments, there are internal knowledge management efforts in every organization.
  • Knowledge management has become such an important part of a business that there are companies solely dedicated to advising other businesses on knowledge management.
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Perspectives of Knowledge Management briefed by Knowledge Management experts in Canada

Knowledge management has various perspectives. The core components of knowledge management are people, culture, process, structure, and technology. The details of these components are dependent on the perspectives of knowledge management. Mentioned below are the perspectives of knowledge management.

  1. The community of practice- When a group of people having the same interest or passion comes together to learn the activity better is known as the community of practice. The interaction between them is regular.
  2. Social network analysis- The process of analyzing social networks and structures through graphs and networks is known as social network analysis. The practical applications of social network analysis include security applications, internet applications, etc.
  3. Intellectual capital- The intangible assets in the organization are known as intellectual capital. It includes human capital, relational capital, and structural capital. These assets make the working of any organization smooth.
  4. Information theory- The study of communication of information, its storage, and quantification is known as information theory. Applications of information theories are intelligence uses and secrecy applications, pseudorandom number generation, seismic exploration, semiotics, and miscellaneous applications.
  5. Complexity science- When different components of a system interact with each other is known as complexity science. The key factors in complexity science are systems, complexity, networks, nonlinearity, and emergence.

Core considerations for Knowledge Management programs

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  1. People- Individuals within the organization should be able to influence others with their knowledge. Knowledge management programs should increase the ability of individuals to interact.
  2. Processes- The selected processes should be efficient and accurate. They should establish best practices and governance for identification, management, and dissemination of knowledge.
  3. Technology- The chosen technology should enhance the use of tools and automation to enable knowledge management. The technology should not be old or obsolete.
  4. Structure- There should be an encouragement for cross-discipline awareness and expertise in the organizational structures. Knowledge management programs should be able to bring this transformation.
  5. Culture- The organization should have a knowledge-sharing environment. For long-term success, the organization has to be knowledge-driven.

Steps to implement Knowledge Management

  1. Establish knowledge management program objectives
  2. Prepare for change
  3. Define a high-level process as a foundation
  4. Determine and prioritize technology needs
  5. Assess the current status
  6. Build a knowledge management implementation roadmap
  7. Implementation
  8. Measure and improve the knowledge management program

Get an idea of how our experts write the assignment from the sample attached below. This is an assignment we received from a client. The students were asked to prepare an assignment on the Annotated bibliography of KM papers.

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