Hsmwsp Mts Study Domain Three Section E

Front 1

Define Knowledge Management?

Back 1

A process for optimizing the effective application of intellectual capital to achieve organizational objectives

Front 2

Explain tacit and explicit knowledge?

Back 2

Tacit knowledge- gathered through experience; flows slowly through an organization through interaction and shared experience

Explicit knowledge- documented and can be shared with others; flows quickly through the organization via networks and web portals

Front 3

Define a Community of Practice? Community of Interest?

Back 3

Community of Practice- designated networks of people that share information and knowledge, collaborate, and learn from one another

Community if Interest- community of people who share a common interest or passion, and exchange ideas and thoughts about it

Front 4

Benefits of a Community of Practice?

Back 4

A powerful approach for sharing tacit knowledge

Encourages collaborative problem solving and decision making

Front 5

Explain the relationship between Knowledge Management and Information Management?

Back 5

Knowledge Management- the practice of transferring, storing, identifying, and sharing knowledge

Information Management- involves data and placing data within a context to make it meaningful