Knowledge Management

Knowledge is the capacity for effective action - this is the simplest definition I have come across. There are many definitions of Knowledge Management. A common definition is

"The collection of processes that govern the creation, dissemination, and leveraging of knowledge to fulfil organisational objectives."

Another definition:

"Knowledge Management is a business philosophy. It is an emerging set of principles, processes, organisational structures, and technology applications that help people share and leverage their knowledge to meet their business objectives."

This puts focus and responsibility on the individual - the knowledge worker - and on the holistic nature of knowledge management. Also critically it is about meeting business objectives. Knowledge Management is not an end in its self. It is also fundamentally about sharing knowledge and putting that knowledge to use.