Knowledge Management: The benefits of implementing knowledge managemnt in a company.

The concept of treating organizational knowledge as a valuable asset to leading organizations has been popularized by leading management and organization theorists. Organizations are being advised that in order to remain competitive, they must efficiently and effectively create, locate, capture, and share their organization's knowledge and expertise, and have the ability to use that knowledge on specific problems and opportunities. Firms are showing a tremendous interest in implementing knowledge management processes and technologies, and are …

…fast and easy to access, people will want to participate. For example, at Motorola, a knowledge management system piloted by one group of users was provided on a read-only basis to everyone. Soon everyone demanded the ability to participate in full. In conclusion, one can see how understanding and utilizing knowledge management can lead to success in an organization. Developing effective methods of knowledge retrieval, analysis and dissemination will yield great benefits to any organization.