Knowledge management is important for companies to implement as it helps maximize the value of organizational knowledge. It involves systematically capturing, sharing, and applying knowledge to help deliver business results. Key aspects of a knowledge management framework include people and their behaviors, formal knowledge processes, and technologies to support knowledge sharing. Implementing knowledge management treats knowledge as a valuable asset that can provide benefits such as faster and better decision making, increased productivity, and new product development. Examples of successful knowledge management implementations show the business value that is possible.

1. Why it is important to implement
in companies

2. Definition:
There are many definition of knowledge
management, but the simplest:”knowledge
managements the way you manage your
organization, when you understand the value of
your knowledge "in other words it is the
management frame work that you put in place to
maximize the value and application of your

3. Knowledge management is about systematically
making use of the knowledge in the organization
and applying it to YOUR company knows to help
you deliver business results.
It helps in never repeating again and making every
decision in the light of full knowledge

4. What is knowledge?
Knowledge is the ability to make
effective decision and take effective
action

5. What is knowledge management
frame work?
Knowledge management is a complete
system of people process technology and
governance which ensure that knowledge
management is systematically. and
effectively improved

6. People: behavior such as seeking for and sharing
knowledge
knowledge management process: there has to be
a tried and tested process for capturing,
distilling, validating, storing, applying and reusing
knowledge and also for innovation
knowledge management technologies: It plays an
important role in knowledge management, by
providing technology.

7. Why should we implement knowledge
management?
Knowledge management is a key assert like your
staff, money, your customers, your brand.
It is sound to implement knowledge
management to derive maximum business
benefits from the invisible asset which is the
head of your enployees

8. What are the benefits to
business?
In today's knowledge intensive world, what
matters is “what you know, using what you
know and how fast you know some thing
new”

9. The value of knowledge
management is delivered in three
areas:
Better and fast decision: to avoid pitfalls and
make right decision.
A step change in productivity: by building full
knowledge of our own business and reduce
cost and minimize new resources.
New product: innovative knowledge
management will reduce cost and time in
short term and at the same time provide
inventory experience.

10. success stories of organization who
implemented knowledge management:
there are loads of success stories and these are
extremely valuable.
Eg: Knowledge management success stories and a
matching set of failures stories can be found on Nicks
blog. We highly recommend Nancy Dixons book
"common knowledge” as a source of success stories