Knowledge management is defined as capturing, developing, sharing, and effectively using organizational knowledge to achieve objectives. It emphasizes knowledge sharing, which is key for development. It also aims to capture hidden knowledge within individuals and integrate an organization's knowledge to make it accessible and help achieve goals. There are two main types of knowledge: explicit knowledge which is formal and codified; and tacit knowledge which is personal and difficult to codify. Effective knowledge management requires developing a knowledge sharing culture, intellectual property protection, and dissemination strategies.