Nowadays, Knowledge is important because it can control access to opportunity and advancement. Knowledge management is important because it is an effective application can be used to make a good decision and a source of business success. Knowledge management is important as a concept of organizational knowledge in order to make a good and quality decisions. People play a main role in this concept. By gaining a new knowledge, it is not only can improve the performance of the organizations, but it is also helping the organization create a new business and gain more profits.
Knowledge is the most important factor of capital, land labor and production process in the organization.
Knowledge management becomes more essentials for the sustainable development of organizations. Knowledge Management helps the organizations to generate their intellectual capital and knowledge-based assets. The value can be obtained by sharing information with people in the circle of organization such as share partner, customer and the employees itself. One important thing for the companies need to know is to understand of what they know.
This paper also discusses about 4 types driving force of Knowledge Management which are Increasing Domain Complexity, Accelerating Market Volatility, Intensified Speed of Responsiveness, Intensified Speed of Responsiveness and Employee Turnover.
Knowledge Management also define as the capturing, organizing and storing of knowledge and experiences of the individual workers and groups within the organizational and making this information available to others in the organization. It may include strategies, process designed to identify, structure, capture, value and share an organization’s intellectual assets to enhance the performance and competition among the competitors.
Besides, Knowledge can be shows during the entire workforce to achieve a specific organizational aim, objectives, and target. Knowledge Management focused on managing important knowledge that may reside solely in the minds of organizations’ experts.
In an organization, knowledge is divided into two types of knowledge which are Tacit Knowledge and Explicit Knowledge (Nonaka, 1991). Tacit knowledge consists of the hands-on skills, experiences, something that cannot be copy and else. (Polanyi 1973). Tacit knowledge approach Knowledge Management to focus on understanding the kinds of knowledge that individuals have within a competitive agency, moving individuals to transfer and manage the knowledge creators and carriers. While explicit knowledge, is a data and information encoded, something than can be copy and documented as content component of the explicit knowledge (Mahmood et al.2011). Explicit knowledge approach to Knowledge Management emphasizes the processes for articulating knowledge held by employees at a competitive agency, approaches for creating a new knowledge and the development of systems to disseminate articulated knowledge within the competitive agency (Smith 2001). For effective Knowledge Management in the competition agencies, both Tacit and Explicit Knowledge approaches should be considered. Based on S.Gueldenberg and H. Helting had expressed that both Tacit and Explicit knowledge are related. Furthermore, both types of knowledge are important in knowledge process and creation (Gueldenberg and Helting 2007).
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