While not an entirely new idea, knowledge management has taken on new life with the advent of the computer. Simply put, knowledge management is information management. It's a company’s approach to developing, sharing, using, and, of course, managing the information — the knowledge — that’s been collected throughout the organization’s lifetime.
Thing is, there isn’t just one type of knowledge. There are actually three — explicit knowledge, implicit knowledge, and tacit knowledge — and the more you capture and document, the better long-term effects your knowledge management strategy can have on your organization.
But before adopting a knowledge management system, you should have a good grasp of the different types of knowledge, what characterizes them, and where they can be found. This will help you better understand where to find knowledge in your company — and how to evaluate its usefulness.