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Question 1
The management of knowledge is vital. It is also true that knowledge is easily available
these days. But the key is to manage the knowledge so that the right kind of knowledge can be
retrieved at the right time for the right use. It is also necessary to continuously revolutionize
knowledge management techniques to stay competitive. Different authors have defined
knowledge management in different ways. Below are some definitions of knowledge and its
management.
Knowledge is a cognitive act, and knowledge is a fragment of the human mind. The
knowledge is developed and managed in the mind with the help of the other senses (Wilson,
2002).
There is a lot of competition everywhere these days, and knowledge provides
competitive edge over other organizations. Organizations have to evolve to maintain a
competitive edge. Organizations have to learn new ways to make use of all the knowledge that
is within the organization and the knowledge that is not yet acquired (Blackler, 1995).
The management of knowledge could be defined as how the acquired knowledge is
represented, stored, and transfe...