Knowledge Management

Leaning about your organization can give you much of benefits including having to
manage knowledge more effectively. Knowledge management (KM) is a systematic approach
to documenting, applying, and transferring the know-how and experience of employees. This
approach is mainly about how to effectively use employees’ useful information and
experiences that is then shared within an organization in a form of printed documents, soft-
copies, or by simply letting the other workers be informed about such knowledge in order for
them to know what to do when faced in same situation. With that being said, Intellectual
capital, a capital asset consisting of intellectual material., serves as the main resource needed
in knowledge management mainly because it is an intangible asset, such as employee’s
expertise, that an organization have. Through Knowledge Management, goals such as
innovation, nonduplication of effort, and competitive advantage can be achieved.

Knowledge-Management Strategies and Techniques

In order to bring about best results when managing knowledge, the importance of the following
strategies and techniques should be considered:

 Hire the Right Persons

People who knows how to share knowledge with others, by learning from them at the
same time teaching them, is regarded to be the one who are responsible in making effective use of
KM. People with the right stuff for KM are most likely to be those who have demonstrated
intelligence, accumulated knowledge, and displayed intellectual curiosity in the past.

 Create Knowledge

Before you can start managing knowledge, it is important to create one first. In doing so,
some starategies can be done such as scanning the environment for information that might
apply to one’s situation, an example of this is how Executive scanning is often done to search
for information that could affect the future of the firm. Another is to share leadership
responsibilities with your members which is great way to create knowledge since your
members become cooperative in discussing and sharing knowledge with others.

 Close the Gap between Knowing and Doing

The idea of this is that one must perform the act being known. Since it is easier to
gather information than executing it, the challenge for a company is to build culture of action.
Managing knowledge is not enough you need also to invest action through it because doing
something requires the hard work of making something happen.For example you as a team
leader you need to use evidence-based management and convert knowledge into action that
can be measured in terms of outcomes for both student and adult learning .