Knowledge Management

Abstract

Knowledge is the essence of life, and Knowledge Management (KM) is the methodological formulation of strategies and practices deployed by the businesses and organization identify, define, develop, and utilize the tacit and explicit information within the organization for better use of developing and marketing new products and ideas. Knowledge is a knowing and understanding of facts, figures in form, or data or information about something or some entity. Knowledge can be acquired by various sources which could include facts and figures from books, news media, discussions, or books. It is a familiarity with what is happening around one and how does it affect. It can be acquired from any media; books, magazines, television, radio, or Internet. It can be in the form of raw data, or structured information, facts and figures, or description, depiction, or sketched.