Knowledge management illustration leadspace

Knowledge management (KM) is the process of identifying, organizing, storing and disseminating information within an organization.

When knowledge is not easily accessible within an organization, it can be incredibly costly to a business as valuable time is spent seeking out relevant information versus completing outcome-focused tasks.

A knowledge management system (KMS) harnesses the collective knowledge of the organization, leading to better operational efficiencies. These systems are supported by the use of a knowledge base. They are usually critical to successful knowledge management, providing a centralized place to store information and access it readily.

Companies with a knowledge management strategy achieve business outcomes more quickly as increased organizational learning and collaboration among team members facilitates faster decision-making across the business. It also streamlines more organizational processes, such as training and on-boarding, leading to reports of higher employee satisfaction and retention.

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The definition of knowledge management also includes three types of knowledge—tacit, implicit, and explicit knowledge. These types of knowledge are largely distinguished by the codification of the information.

  • Tacit knowledge:  This type of knowledge is typically acquired through experience, and it is intuitively understood. As a result, it is challenging to articulate and codify, making it difficult to transfer this information to other individuals. Examples of tacit knowledge can include language, facial recognition, or leadership skills.
  • Implicit knowledge:  While some literature equivocates implicit knowledge to tacit knowledge, some academics break out this type separately, expressing that the definition of tactic knowledge is more nuanced. While tacit knowledge is difficult to codify, implicit knowledge does not necessarily have this problem. Instead, implicit information has yet to be documented. It tends to exist within processes, and it can be referred to as “know-how” knowledge.
  • Explicit knowledge:  Explicit knowledge is captured within various document types such as manuals, reports, and guides, allowing organizations to easily share knowledge across teams. This type of knowledge is perhaps the most well-known and examples of it include knowledge assets such as databases, white papers, and case studies. This form of knowledge is important to retain intellectual capital within an organization as well as facilitate successful knowledge transfer to new employees.

While some  academics  (link resides outside ibm.com) summarize the knowledge management process as involving knowledge acquisition, creation, refinement, storage, transfer, sharing and utilization. This process can be synthesized this a little further. Effective knowledge management system typically goes through three main steps:

  • Knowledge Creation:  During this step, organizations identify and document any existing or new knowledge that they want to circulate across the company.
  • Knowledge Storage:  During this stage, an information technology system is typically used to host organizational knowledge for distribution. Information may need to be formatted in a particular way to meet the requirements of that repository.
  • Knowledge Sharing:  In this final stage, processes to share knowledge are communicated broadly across the organization. The rate in which information spreads will vary depending on organizational culture. Companies that encourage and reward this behavior will certainly have a competitive advantage over other ones in their industry. 

There are a number tools that organizations utilize to reap the benefits of knowledge management. Examples of knowledge management systems can include:

  • Document management systems  act as a centralized storage system for digital documents, such as PDFs, images, and word processing files. These systems enhance employee workflows by enabling easy retrieval of documents, such as lessons learned.
  • Content management systems (CMS) are applications which manage web content where end users can edit and publish content. These are commonly confused with document management systems, but CMSs can support other media types, such as audio and video.   
  • Intranets  are private networks that exist solely within an organization, which enable the sharing of enablement, tools, and processes within internal stakeholders. While they can be time-consuming and costly to maintain, they provide a number of groupware services, such as internal directories and search, which facilitate collaboration.
  • Wikis  can be a popular knowledge management tool given its ease of use. They make it easy to upload and edit information, but this ease can lead to concerns about misinformation as workers may update them with incorrect or outdated information.
  • Data warehouses  aggregate data from different sources into a single, central, consistent data store to support data analysis, data mining, artificial intelligence (AI), and machine learning. Data is extracted from these repositories so that companies can derive insights, empowering employees to make data-driven decisions.

While knowledge management solutions can be helpful in facilitating knowledge transfer across teams and individuals, they also depend on user adoption to generate positive outcomes. As a result, organizations should not minimize the value of human elements that enable success around knowledge management.

  • Organizational Culture:  Management practices will affect the type of organization that executives lead. Managers can build learning organizations by rewarding and encouraging knowledge sharing behaviors across their teams. This type of leadership sets the groundwork for teams to trust each other and communicate more openly to achieve business outcomes.
  • Communities of practice:  Centers of excellence in specific disciplines provide employees with a forum to ask questions, facilitating learning and knowledge transfer. In this way, organizations increase the number of subject matter experts in a given area of the company, reducing dependencies on specific individuals to execute certain tasks.

Armed with the right tools and strategies, knowledge management practices have seen success in specific applications, such as:

  • Onboarding employees:  Knowledge management systems help to address the huge learning curve for new hires. Instead of overwhelming new hires with a ‘data dump’ in their first weeks, continually support them with knowledge tools that will give them useful information at any time.  Learn more
  • Day-to-day employee tasks:  Enable every employee to have access to accurate answers and critical information. Access to highly relevant answers at the right time, for the right person, allows workforces to spend less time looking for information and more time on activities that drive business.  Learn more
  • Self-serve customer service:  Customers repeatedly say they’d prefer to find an answer themselves, rather than pick up the phone to call support.  When done well, a knowledge management system helps businesses decrease customer support costs and increase customer satisfaction.  Learn more

Companies experience a number of benefits when they embrace knowledge management strategies. Some key advantages include:

  • Identification of skill gaps:  When teams create relevant documentation around implicit or tacit knowledge or consolidate explicit knowledge, it can highlight gaps in core competencies across teams. This provides valuable information to management to form new organizational structures or hire additional resources.
  • Make better informed decisions:  Knowledge management systems arm individuals and departments with knowledge. By improving accessibility to current and historical enterprise knowledge, your teams can upskill and make more information-driven decisions that support business goals.
  • Maintains enterprise knowledge:  If your most knowledgeable employees left tomorrow, what would your business do? Practicing internal knowledge management enables businesses to create an organizational memory. Knowledge held by your long-term employees and other experts, then make it accessible to your wider team.
  • Operational efficiencies:  Knowledge management systems create a go-to place that enable knowledge workers to find relevant information more quickly. This, in turn, reduces the amount of time on research, leading to faster decision-making and cost-savings through operational efficiencies.  Increase productivity not only saves time, but also reduces costs.
  • Increased collaboration and communication:  Knowledge management systems and organizational cultures work together to build trust among team members. These information systems provide more transparency among workers, creating more understanding and alignment around common goals. Engaged leadership and open communication create an environment for teams to embrace innovation and feedback.
  • Data Security:  Knowledge management systems enable organizations to customize permission control, viewership control and the level of document-security to ensure that information is shared only in the correct channels or with selected individuals. Give your employees the autonomy access knowledge safely and with confidence.

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ITSM for high-velocity teams

What is knowledge management.

Knowledge management is the process of creating, curating, sharing, using, and managing knowledge across an organization and even across industries. 

ITIL 4 explains that “knowledge management aims to ensure that stakeholders get the right information, in the proper format, at the right level, and at the correct time, according to their access level and other relevant policies. This requires a procedure for the acquisition of knowledge, including the development, capturing, and harvesting of unstructured knowledge, whether it is formal and documented or informal and tacit knowledge.” (ITIL 4, 5.1.4, Knowledge management). 

A knowledge base is the foundation of a knowledge management practice. In IT, the knowledge base is a self-serve online library of information about a product, service, department, or topic. The data in your knowledge base can be from anywhere, but usually comes from several contributors who are well versed on the relevant subject. The knowledge base can include FAQs, troubleshooting guides, and any other details you may want or need to know.

We’ve all come to depend on search engines, which make knowledge management look effortless. They take advantage of a vast, internationally connected knowledge base (also known as the internet). You just enter a topic and get the information you need. For IT teams, knowledge management can be a complex undertaking, though the rewards are worth it. 

What are the benefits of knowledge management?

With services becoming more complex, IT teams now have to keep up with the broad range of technologies and procedures needed to effectively support customers. This makes knowledge management more important than ever. Effective knowledge management harnesses the knowledge of people throughout your organization, and then easily shares that knowledge. You don’t lose any information when someone goes on vacation, gets sick, or leaves the company. 

From a big-picture standpoint, it enables you to:

Key points to knowledge management: Create value, foster innovation, and achieve goals

Create value . Get the right information to the right people at the right time.

Foster innovation . Use shared knowledge to inspire brainstorming, collaboration and big ideas.

Reach goals . Enable teams to set targets and actually hit them.

For organizations large and small, knowledge management puts content at the fingertips of those who develop and provide your products and services. This is a benefit on its own, but it also helps shorten development cycles for new initiatives; increases connectivity between internal and external personnel; enables more effective management of business environments; and leverages the intellectual capital and assets in your workforce.

Types of knowledge management

Knowledge management is a constant cycle of taking knowledge that's tacit or implicit, and enabling its availability in the form of explicit knowledge. That sounds complicated, so let's take a step back and understand the three different types of knowledge that exist.

Tacit knowledge is knowledge that stems from personal experience, context, or practice. This type of knowledge is stuck in your brain, making it hard to communicate to others. Since tacit knowledge is based on experience and intuition, like speaking another language, it's a huge competitive advantage and a huge challenge when implementing knowledge management systems.

Explicit knowledge is codified knowledge, or knowledge that has been documented and is easily accessible. Given its simple nature, explicit knowledge is much easier to store and retrieve in a knowledge management system. The challenge is ensuring it's reviewed and updated.

Implicit knowledge is embedded in process, routines, or organizational culture. It can exist in a formalized format, like a manual or written guidelines, but the knowledge itself isn't explicit. Instead, it often lives in the way an organization runs.

By understanding these three different types of knowledge, you have a better starting point for understanding how the knowledge within your company should be managed. When done the right way, it can help create value, foster innovation, and make it easier to achieve goals. 

Knowledge management best practices

Knowledge is one of the IT organization's most valuable assets, and open knowledge sharing can help your team stay on the same page, collaborate, and make better, faster decisions.  Open sharing makes knowledge more powerful, making information no longer an individual's knowledge, but the community's knowledge. To promote more open knowledge sharing, here are some best practices we recommend: 

  • Aggregate your team’s knowledge in a single repository or system . As workplace technology evolves, knowledge now exists in more and more disparate places—across email, tickets, and in the minds of individual team members. Though choosing the right technology is important, this is just one step in your broader knowledge management strategy. 
  • Increase transparency with open and shared information . Instead of keeping documents siloed in emails and folders, or locked behind permissions settings, invest in technology that connects and unifies knowledge. Knowledge should be easy for your entire organization to search, find, and create. Encourage team members to collaboratively edit pages, give feedback through inline comments, or at-mention teammates for peer review. 
  • Make work visible with a project poster . For every major initiative, create a project poster to share your goals and progress with the rest of the team and stakeholders. This is a living, accessible document that can help you explore your problem space, define your scope, and get feedback. 
  • Focus on brief articles or answers . Shared documentation does not always mean shared understanding. Rather than creating long, expansive documents, tailor your content to your team. Your entire team can learn and absorb information faster when it's quick to consume, uses easy-to-understand language, and published in a timely matter.
  • Champion a culture of knowledge sharing . Reward top contributors with an ongoing recognition program that values both quality and quantity. Your leadership team can go a long way in setting a positive example by regularly contributing information like important organizational updates. They can also drive staff to your tool and use your tool to interact with teams directly.

Building a successful knowledge management strategy

Knowledge management is an ongoing responsibility. Even after you’ve implemented a system, there’s a constant cycle of adding new material and eliminating items that are outdated, as well as the discovery of hidden knowledge.

Knowledge management cycle: from create to curate to organize to share to utilize to create once again

Here are the key steps to building a successful knowledge management strategy for your organization.

1. Identify your business situation and develop objectives and goals.

By first conducting an internal analysis of your organization, you’ll be able to align the knowledge management system with your goals.

2. Prepare your organization for implementation.

Acknowledge that this is a big deal. It’s going to require cultural changes. 

3. Form a knowledge management team.

Might seem like a no-brainer, but you’d be surprised how often organizations forget this. The first step in implementing any new process is putting someone in charge.

4. Conduct a knowledge audit.

See what knowledge is buried, and where it’s buried. Find out what’s missing, and begin to set the stage for what you want to do. For tacit knowledge, this process requires observation, interviews, or surveying the experts.

5. Determine your technology needs and prioritize those needs.

Figure out what tools you’ll need to implement knowledge management. Plan for the costs now. It’ll be easier to incur them later.

6. Determine the key attributes and features of your knowledge management system.

Figure out what you want your system to look like. Then make a list. Make sure everything lines up internally––that the technology and scope will lead to the results and happy stakeholders you need. Not sure what to look for? Check out the next section for a few ideas.

7. Put everything you know in one place.

You have a lot of knowledge. But it’s everywhere. Aggregate your knowledge with a solution provider that provides a single repository, one that’s simple to use and easy to access. This knowledge base makes it easy for people throughout your organization to learn and to serve your customers. And makes life a lot easier for all involved.

8. Measure and improve your program.

Once you’ve launched your knowledge management practice, take time to step back and review. Measure what’s working and what isn’t. Adjust accordingly and update constantly. This will be an ongoing effort. 

Choosing a knowledge management system

Great software makes knowledge management simple. So before you jump into implementation, ask yourself these questions about your technology:

  • Does it promote and foster collaboration and communication?
  • Can people label, share, and organize content?
  • Can you customize it and add functionality?
  • Is it flexible enough to adapt to changes?
  • Does it handle migration seamlessly?
  • Is it scalable for a growing organization?
  • How secure will it keep your system?
  • Does it enable measurement?
  • Does it make navigation easy?
  • How powerful is the search engine?
  • Can it segment information into different projects, topics, etc.?
  • Can it integrate with your existing software?
  • Does it allow flexible permissions?
  • Are there social media-style elements such as “liking” and “commenting?”

Aside from functionality, and most importantly, make sure your knowledge management system is needs-driven and solves for things like generating ideas and innovations, fostering a knowledge-sharing culture and community, enabling the discovery and building of expertise, and promoting feedback.

There is something in knowledge management for everyone. Whatever your business or market, people throughout your organization have valuable knowledge worth sharing. That’s true across departments. Whether IT, customer support, HR, legal, and even marketing or finance, all of these departments have knowledge that constantly needs to be shared with a team or a whole organization.  With a plan in place, workers across disciplines and departments can access your company’s knowledge base to solve problems and prevent future ones. 

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COMMENTS

  1. What Is Knowledge Management?

    Knowledge management (KM) is the process of identifying, organizing, storing and disseminating information within an organization. When knowledge is not easily accessible within an organization, it can be incredibly costly to a business as valuable time is spent seeking out relevant information versus completing outcome-focused tasks.

  2. Knowledge Management: Articles, Research, & Case Studies on ...

    Knowledge Management. New research on knowledge management from Harvard Business School faculty on issues including strategies for capturing, organizing, and sharing the intellectual assets of an organization. Page 1 of 40 Results →. 23 Jun 2023.

  3. Excellence in Knowledge Management 2020

    January 06, 2022. Authored By: APQC. View Content. APQC recognized 12 organizations as winners of its Excellence in Knowledge Management award in 2020. The award is based on analysis from APQC’s KM Capability Assessment Tool, which measures and evaluates KM programs based on their strategy, people, process, and content and IT capabilities.

  4. Knowledge Management at Ernst & Young

    John Peetz, Ernst & Young’s chief knowledge officer, reviews the results of his six-year effort to build a firm-wide knowledge management (KM) system. The case goes through the short evolution of Ernst & Young’s KM system and describes in detail its current structure.

  5. Facilitating digital collaboration through knowledge management:

    Facilitating digital collaboration through knowledge management: a case study. Yawar Abbas. , Alberto Martinetti. , Mohammad Rajabalinejad. , Florian Schuberth. & L. A. M. van Dongen. Pages 797-813 | Received 15 Apr 2021, Accepted 03 Jan 2022, Published online: 13 Feb 2022. Cite this article. https://doi.org/10.1080/14778238.2022.2029597.

  6. (PDF) Case Studies in Knowledge Management

    Abstract. Sumario: The cases described here provide detailed examples focus on information-technology-based tools for KM, these cases pay close attention to people management and organisational ...

  7. CENTER FOR ARMY LESSONS LEARNED

    KNOWLEDGE MANAGEMENT CASE STUDIES: VOLUME II Foreword Knowledge management (KM) remains an important integrating process required of all staff officers. Commanders and staffs employ KM...

  8. Knowledge Management Explained

    ITSM for high-velocity teams. What is knowledge management? Knowledge management is the process of creating, curating, sharing, using, and managing knowledge across an organization and even across industries.