Knowledge Management Institute

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What is Knowledge Management and Why Should You Care

What is Knowledge Management and Why Should You Care

Nov 15, 2012  

Knowledge is much more than just information. As far as information goes, we've got a lot of it.  In fact, we have access to more information than any other time in our history, and exponentially so.  But what to do with it all, how to manage and use it, is the key to personal and organizational success. 

Knowledge vs. Information

Knowledge is much more than just information.  As far as information goes, we’ve got a lot of it.  In fact, we have access to more information than any other time in our history, and exponentially so.  But what to do with it all, how to manage and use it, is the key to personal and organizational success. 

It’s a New Knowledge-Driven World

It has been said that knowledge is the understanding gained from analysis of information.  It is also the one true commodity of a company or organization:  the experienced knowledge of its people.  As we truly come out of the Information Age and into the Knowledge Age, more and more managers and CEOs realize this.  The pool of their workforce’s knowledge is where the success and profitability of their organizations lie.  Knowledge Management strategically leverages individual and group experiences and insights to the long-term benefit of the organization.

Beware the Knowledge Gap

As the Baby Boomers quickly move into retirement, accessing and harnessing your organization’s knowledge becomes more of a pressing priority.  The collective insights and experiences of individuals are an organization’s currency and weaponry, and those lacking the capacity to harness it will be left behind.  A whole generation’s knowledge must be audited and shared, fueling the group’s innovation and growth while avoiding the “knowledge void” they will be leaving behind.

Succeed with Knowledge Management

Knowledge management helps as a fundamental, driving component of such key aspects as:

  • Increased speed and quality of service and product development
  • Competitive advantage gained through leveraging people’s expertise throughout the organization
  • More efficient, collective problem solving
  • Empowering employees to produce new insights and ideas
  • Avoiding costly mistakes by accessing others’ knowledge
  • Increased connectivity throughout organization
  • Bringing new workers up to speed much more quickly

 

KM Institute Leads the Way

These are just a few of the many long-lasting benefits that a commitment to Knowledge Management assures.  And for organizations to be successful in the emerging Knowledge age, they need well-educated KM leaders. At KM Institute, we are the leading educational institution in Knowledge Management.  With roots dating back to 1999, we literally wrote the book on Knowledge Management. 

Contact the KM Institute today to find out more about our conferences, seminars, and KM certification programs all aimed to usher you successfully in the K Age!  We help you create the skills you need to leverage your organization’s most valuable asset.

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