| There is so much information that is transmitted | | | | available for use by anyone with company access. |
| within a company on a daily basis that there | | | | Knowledge is also available to a company in the |
| needs to be some type of system in place to | | | | form of news articles, journals, relevant |
| manage all this information. Knowledge | | | | publications, and documentation. Many times this |
| management also deals with the intellectual | | | | knowledge is crucial in the successful running of |
| information that is found from a multitude of | | | | the company. Without many types of knowledge |
| resources both on the Internet, using the virtual | | | | such as statistics, reports, white papers, and |
| library, and in paper form, such as white papers. | | | | specific industry information many companies |
| This knowledge base is important for companies | | | | would lose out on a serious advantage that can |
| so that they maintain a competitive edge over | | | | push them over the top when it comes to their |
| the competition. Once this knowledge has been | | | | competition. Knowledge management is a great |
| collected it doesn't just sit there waiting for | | | | tool that any company can implement and that |
| random usage, it's shared and distributed | | | | will increase their success and profit potential. |
| throughout the company so that is becomes | | | | There are many knowledge management tools |
| useful to employees. Many times employees will | | | | that are available for companies to use. |
| ignore a piece of data by thinking that is has | | | | Knowledge management software will help a |
| nothing to do their department or their job. This is | | | | company to organize and collate the information |
| where it's vital that a company analyze the | | | | that is relevant to the interests of the company. |
| knowledge that is incorporated into its folds | | | | Once all this information is stored in one database |
| though a system of knowledge management. | | | | it becomes a great tool for all employees to use. |
| Once this knowledge has been analyzed it is | | | | |