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Knowledge Management Cycle
Abstract
Knowledge is perceived as a strategic asset in today's organisational world. The transition from a period where knowledge was undermined by organisational setups to a period where knowledge is conceived as an endowment that serves equally and most often better than other organisational endowments such as land, labour, capital and entrepreneur is not free of a plethora of activities. Knowledge Management is an area that has ameliorated aggressively since the day the idea came into inception. The chapter attempts to excavate into the knowledge managing processes as developed over the course of time for blending with the requisites of varied businesses. In line with the objective of the research note, the two prominent and paramount dimensions of knowledge are delved into profoundly. The tacit and explicit dimensions of knowledge are seen as essential jolts to an effective knowledge managing system. While explicit knowledge can be easily retrieved and shared among the organisation, it is the tacit area that is difficult to be recorded.
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