Illustrate the important factors of knowledge management

In developing a KMS it is essential to take into account the following factors:

1) KM does not come cheap.

2) Effective KM needs hybrid solutions using people and technology.

3) KM is highly political, has socio-cultural and human implications.

4) KM needs development of knowledge managers.

5) KM advantages more from maps than models, more from markets than from hierarchies.

6) Sharing of knowledge may be perceived as an 'unnatural act'

7) KM entails improving knowledge-based work processes and giving knowledge-based products and services.

8) Accessing knowledge is only the starting

9) KM is a never-ending continuous process.

10) KM needs a knowledge contract.