The Nature of Knowledge

It is indeed quite difficult to identify useful knowledge among the pool of knowledge in  an organisation.  Knowledge  is a critical  asset  that  needs strategic management. The dynamic changes in knowledge make it difficult to decide the most relevant form of knowledge. It is indeed true that knowledge needs to be updated -yesterday's knowledge should be adapted to accommodate new factors, new data, new inventions and also new problems in composite form to form today's and tomorrow's knowledge. The value of the knowledge and the need to create an intentional knowledge strategy are identified by the executives. Information technology has motivated the dreams of capturing all knowledge of an organisation into the databases  which   could   be  accessed  by  all   employees   easily.   The companies have discovered that the useful knowledge is not something which can be managed like the other assets as a self-contained entity. Organisations have realised the challenge of knowledge and accordingly gear themselves in efficiently managing them through such communities of practice.