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5 Cards in this Set

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Define Knowledge Management?
A process for optimizing the effective application of intellectual capital to achieve organizational objectives
Explain tacit and explicit knowledge?
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
Define a Community of Practice? Community of Interest?
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
Benefits of a Community of Practice?
A powerful approach for sharing tacit knowledge

Encourages collaborative problem solving and decision making
Explain the relationship between Knowledge Management and Information Management?
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