Knowledge Management is the process by which information is used to create something actionable. Knowledge management enables organizations to find new ways to readily share both their explicit knowledge (that which is easily codified and stored on-line) and their tacit knowledge (that which is elusive and collectively held in the brains and experiences of employees). The knowledge-aware organization is able to react quickly to external demands, leverage internal resources intelligently and anticipate external market directions and course changes. This requires fundamental shifts in corporate direction and leadership, but the potential rewards are significant. We unlike others differentiate knowledge management from information management and believe that, merely establishing an effective information-management strategy does not embodies the knowledge-management initiative.
We believe that: k nowledge should be just that Not just Information and not just Data, It should be available from wherever it is needed, to all those authorized to receive it, both Input and Output must be simple, It should only be entered once, the language should be simple and appropriate, the Information should always support the learning organization and the customer probably hasn't fully thought through all the aspects of developing a knowledge strategy.
Premier through its Knowledge Management practice can provide continuous innovation and creation of new tidbits that is valuable not only for your company but also for associates leveraging collective wisdom to increase responsiveness and innovation through knowledge sharing within your organization.