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Essentials of the Emerging Concept of Knowledge Management

19 SEP 2014
Career Path : Administration

Knowledge ManagementWhile our culture is constantly being inundated with new ideologies and praxes that affect the way we think and do business, the emerging concept of knowledge management has gained substantive stature in contemporary society. Knowledge management is a term and concept that gained prevalence around 1990. Although definitions for the phrase are diverse and sometimes mutually exclusive, knowledge management can be thought of as the process of organizing a company’s knowledge and data holistically. Additionally, knowledge management can be thought of as a process that involves the capture, distribution, and effective use of knowledge.

Yet another definition exists for knowledge management, and this one defines it as a discipline that encourages an integrated approach to the identification, capture, evaluation, retrieval, and sharing of a company’s data assets. These assets can include things such as documents, databases, procedures, policies, and formerly uncaptured experience and expertise that comes from a company’s employees.

Knowledge Management and the Corporate World

As made plain by the aforementioned definitions, the idea of knowledge management carries with it a primarily corporate orientation. In fact, the operational import of knowledge management gained precedence within the consulting community. From there, the basic principles of knowledge management proliferated into other disciplines within the consulting sector. During this era, consulting firms were quick in recognizing the potential of the Internet to link together geographically distinct knowledge-based organizations. After learning how to utilize intranets to connect organizations in a manner that permitted the sharing and exchange of information, they realized that their acquired expertise was ultimately a product that could be packaged and marketed. It was around this time that the name for the product (knowledge management) arose. The timing of this business world evolution was excellent given that receptivity to intellectual capital was relatively high during the 1980s, thereby setting the stage for the acknowledgement of information as an important and indeed inalienable asset for organizations to possess and manage effectively.

As many technological experts know, one of the primary concepts of knowledge management is to capture knowledge and subsequently make it available for other people within an organization to use it. In many cases, this information is in people’s heads and has thus yet to be defined and discussed explicitly.

Careers in Knowledge Management

Individuals who find the world of knowledge management to be interesting should note that career opportunities within this sector abound. At this point, many traditional MBA programs and online MBA programs provide students with knowledge management skills that are transferable. Some career options that individuals who complete traditional or distance MBA programs include that of a business intelligence analyst, knowledge coordinator, information strategy specialist, competitive intelligence manager, and knowledge engineer.

Conclusion

As made plain by the information outlined above, the field of knowledge management has gained precedence and importance within a plethora of professional sectors. Now that you have gained a basic understanding of what knowledge management is and which fields it is utilized within, you can determine whether you should tailor your educational work to prepare for a career that incorporates this dynamic, perpetually evolving concept.