Knowledge Management

KNOWLEDGE MANAGEMENT Knowledge - The psychological result of perception and learning and reasoning Management - The act of managing something Knowledge Management: knowledge management envisions the act of managing right knowledge at right time, to the right person. Sharing of this knowledge is called knowledge management and system created for sharing is knowledge management system. Is KM concept new? The answer is NO. KM is not new to the mankind. KM exists from Stone Age. The art of sharing about the usage of tools from first man symbolizes KM. Therefore KM is not a new concept for the mankind. Need of knowledge management system: The need of creating a knowledge management system raised in organizations due to the reason that knowledge is deteriorating everyday and when employees leave the organization it is taken away by them. A KM system helps to reduce this loss. As well for organizations that are round the world, a KM system helps to contact its employees at any point of time a