Background Four centuries ago, English statesman-philosopher Francis Bacon wrote that knowledge is power (Nye 2007, 233); however, simply having the knowledge is not exploiting the true value of it. The fundamental goal of knowledge management (KM) is to increase the organization's ability to learn and apply that knowledge. It is not simply management of the knowledge, but the management of the organization with a particular emphasis of knowledge (Wissensmanagment Forum 2004, 5). The commercial world has known for years that KM is a major enabler of enterprise performance. Every request for proposal (RFP) a corporation submits to the government includes a section on the contractor's past performance qualifications and corporations spend a lot of money maintaining that intellectual capital. KM has recently become widely known as the new factor of production (ijm.cgpublisher.com 2007).
DesignationCALL
EditionJan 2007
StatusActive
Pages161
FunctionLeadership Training
CollectionLessons Learned