Knowledge management (KM) refers to a multi-disciplinary approach to achieving organizational objectives by effectively utilizing knowledge. KM involves people management, process management, information management, and explicit and tacit forms of knowledge. The key components of a KM system include knowledge generation, identification, delivery, and storage as well as a supportive culture, skills, leadership, structure, and technology. Benefits of KM include increased collaboration, reduced loss of intellectual capital, decreased costs, improved productivity, and greater innovation.