Approaches to Knowledge Management

Abstract

There is a growing recognition in the business community about the importance of knowledge as a critical resource for organizations. Traditionally, this resource has not been treated with the degree of systematic, deliberate, or explicit effort devoted to managing human, material, and financial resources. But in the coming years, the firm that leaves knowledge to its own devices may be putting itself in severe jeopardy. More and more practitioners and researchers believe that knowledge resources matter more than the conventionally tended resources (material, labor, capital) and must be managed explicitly, not left to fend for itself (Holsapple & Joshi, 2000).