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According to the late Carl Frappaolo, one of the leading practitioners and analysts in the knowledge management space, “Knowledge Management is the leveraging of collective wisdom to increase responsiveness and innovation.”
Lew Platt, the former CEO of HP, once noted that “If only HP knew what HP knows, we would be three times more productive.”
Both of these quotes demonstrate why knowledge management is important – it drives innovation and directly contributes to the bottom line. Conversely, not knowing what your organization knows is definitely a recipe for rework, stagnation, and inefficiency.
Encouraging the sharing of employee knowledge to serve enterprise objectives remains an important goal for information professionals. Organizations with successful content -sharing cultures focus on removing barriers to information flow.
One of the key concepts in knowledge management is differentiating between tacit and explicit knowledge. Tacit knowledge is in someone’s head, and the challenge is to make that knowledge explicit, or codified in recorded form so that it can be shared.
This graphic illustrates some of the differences:
Here's a quick real-world example: Wikipedia notes that facial recognition is one common form of tacit knowledge – you can recognize the face of someone you know among thousands or millions of faces, but you can’t explain all the nuances of how you do that.
Companies that introduce on-the-job training (OJT) or mentoring programs do so in order to pass along the tacit knowledge of their more senior or experienced staff to junior, less-experienced staff.
Here are a few ways to make tacit knowledge more explicit: