Assignment

Knowledge management cycle

Knowledge Management is the methodology, tools and techniques to gather, integrate and
disseminate knowledge. It involves processes involving management of knowledge creation,
acquisition, .organization, distribution, sharing and application.

Knowledge is a key to success. Knowledge management is one of the most important activities that
an organization has to adapt (Davidson & Voss, 2002). The following figure shows the knowledge
management cycle.

Fig:- Knowledge Management life Cycle

As shown in the above figure, the knowledge management cycle has six steps. The six steps are
discussed as follows:

1. Create: Knowledge is created by sharing of ideas by people working in an organization

(Patriotta, 2004, p. 10). Better sharing leads to better ideas thereby creating a valuable
knowledge repository.
2. Capture and Acquire: Capture and acquisition of knowledge is one in which the knowledge
created is collected in huge numbers and stored in a repository.
3. Organize: Organizing is the next step to capturing of knowledge.  The captured content is
organized using a framework or knowledge model. The model reflects the elements of
knowledge and flows that are embedded inherently in the specific processes and culture of
organization.
4. Share and Learn: The sharing of knowledge in order to facilitate learning is the first step in
knowledge management life-cycle. Sharing of knowledge is one in which people exchange
their views and ideas on a particular domain.
5. Access, Search and Disseminate: The organized knowledge is put in such a way that it
could be accessed, searched and disseminated by the users working in the organization.
 6. Use and Discover: The last step is to make use of the knowledge acquired in solving
problems in real time.

As seen above, the key to knowledge management lies in sharing of knowledge. Sharing the
knowledge increases the innovation and improves the overall quality of work. Thus, proper
knowledge management helps organizations in developing the skill set of employees and improving
their overall efficiency at work.

Submitted by :- Yumkham Babul

Roll no: 37 MBA 4th sem