SHORT NOTES

In this modern era, knowledge is important in every aspect. It will lead us to success and provide a good solution for any problem.
KNOWLEDGE is a fluid mix of framed experience, values, contextual information, expert insight and grounded intuition that provides and environment and framework for evaluating and incorporating new experiences and information.
It originates and is applied in the minds of knowers. In organization, it often becomes embedded not only in documents or repositories but also in organizational routines, processes, practices, and norms. Knowledge is the ability to make effective decisions, and take effective action.

KNOWLEDGE MANAGEMENT as a conscious discipline would appear to be somewhere between five and fifteen years old. It evolved from the thinking of academics and pioneers such as Peter Drucker in the 1970s, Karl-Erik Sveiby in the late 1980s, and Nonaka and Takeuchi in the 1990s.
During that time, economic, social and technological changes were transforming the way that companies worked. Globalization emerged and brought new opportunities and increased competition. Companies responded by downsizing, merging, acquiring, reengineering and outsourcing. Many streamlined their workforce and boosted their productivity and their profits by using advances in computer and network technology.

Knowledge management really helps to achieve our objectives for individual or an organization.
EFFECTIVE knowledge management will greatly contribute to improved excellence, which is to:
a) Dramatically reduce costs.
b) Provide potential to expand and grow.
c) Increase our value and/or profitability.
d) Improve our products and services.
e) Respond faster.

21st CENTURY * Knowledge has become the key strategic asset for the 21st Century and for every organization that values knowledge it must invest in developing the