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Knowledge management (KM) is the set of procedures for producing, disseminating, utilizing, and overseeing an organization's knowledge and data.It alludes to a multidisciplinary strategy that maximizes knowledge utilization to accomplish organizational goals.
Knowledge-Based Decision-Making (KBDM) in management is a decision-making process [2] that uses predetermined criteria to measure and ensure the optimal outcome for a specific topic. KBDM is used to make decisions by establishing a thought process and reasoning behind a decision. [ 3 ]
For example, some researchers assess knowledge as changes in an organization's practices or routines that increase efficiency. [27] Other researchers base it on the number of patents an organization has. [28] Knowledge management is the process of collecting, developing, and spreading knowledge assets to enable organizational learning.
The IMBOK comprises six 'knowledge' areas and four 'process' areas. The knowledge areas identify domains of management expertise and capability that are each distinctly different to the others, as shown in the figure. The process areas identify critical activities that move the value from the left to the right. For example:
Knowledge sharing is part of the three-phase knowledge management process which is a continuous process model. The three parts are knowledge creation, knowledge implementation, and knowledge sharing. The process is continuous, which is why the parts cannot be fully separated. Knowledge creation is the consequence of individuals' minds ...
A knowledge organization is a management idea, describing an organization in which people use systems and processes to generate, transform, manage, use, and transfer knowledge-based products and services to achieve organizational goals.
Personal knowledge management (PKM) is a process of collecting information that a person uses to gather, classify, store, search, retrieve and share knowledge in their daily activities (Grundspenkis 2007) and the way in which these processes support work activities (Wright 2005).
The information management knowledge areas. The IMBOK is based on the argument that there are six areas of required management competency, two of which ("business process management" and "business information management") are very closely related. [32]