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Friday, December 25, 2009

Knowladge Management - HRM project Report

Introduction
Knowledge Management refers to a range of practices and techniques used by organizations to identify, represent and distribute knowledge, know-how, expertise, intellectual capital and other forms of knowledge for leverage, reuse and transfer of knowledge and learning across the organization.

Knowledge management programs are typically tied to organizational objectives and are intended to lead to the achievement of specific business outcomes such as improved performance, competitive advantage, or higher levels of innovation. Of recent years Personal Knowledge Management (PKM) practice has arisen by which individuals apply KM practice to themselves, their role in the organization and their career development,

Knowledge management is an evolving discipline. While knowledge transfer (an aspect of knowledge management) has always existed in one form or another, for example through on-the-job discussions with peers, formally through apprenticeship, the maintenance of corporate libraries, professional training and mentoring programmes, and — since the late twentieth century — technologically through knowledge bases, expert systems, and other knowledge repositories, knowledge management programs claim to consciously evaluate and manage the process of accumulation, creation and application of knowledge which is also referred to by some as intellectual capital.

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