Concept Of Knowledge Management

Knowledge ManagementKnowledge Management is not a new concept. It has arisen in 1990 approx. two decades ago. But now days, it is gaining much attention by the organisations and employer. In simple words, it means to organise the organisations’ information and knowledge to create the link between departments with organisation as a whole. As according to Davenport, (1994), "Knowledge management is the process of capturing, distributing, and effectively using knowledge."Knowledge Management plays a very important role in every part of the organisation. It has changed the meaning of the human resource management by making HR as knowledge facilitator, relationship builder between employees and organisation and rapid deployment specialist by using the various strategies and techniques gained from different sources. ReferencesDavenport, Thomas H. (1994), Saving It's Soul: Human Centered Information Management. Harvard Business Review, March-April, 72 (2)pp. 119-131. Iles, P., Yolles, M. & Altman, Y. (2001).HRM and Knowledge Management: Responding to the Challenge, Research and Practice in Human ResourceManagement, 9(1), 3-33. Action LearningAction learning is process of learning in which small number of people comes in group and work together for solving