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Knowledge management initiatives focus on identifying knowledge, explicating it in such a way that it can be shared in a formal manner and leveraging its value through reuse. Knowledge, as a form of capital, must be exchangeable among persons, and it must be able to grow. (Turban and Leidner)
Value of Knowledge vs. Information
Knowledge is a lot more than just information. Information is data organised into meaningful patterns, which is then transformed into knowledge when a person, reads, understands, interprets, and applies the information to a specific work function. Knowledge becomes visible when experienced persons put it into practice from lessons learnt overtime...
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