Strategic Importance of Knowledge Management
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Title: Strategic Importance of Knowledge Management

Essay Details:

Subject: Business
Author: Roosevelt F
Date: December 31, 2013
Level: University
Grade: B
Length: 22 / 6479

Essay text:

Although not very accurate in terms of logic, this definition has been predominant in Western philosophy (Nonaka and Takeuchi, 1995). Davenport et al. (1998) define knowledge as ``information combined with experience, context, interpretation and reflection''. The terms ??knowledge'' and ??information'' are often used inter-changeably in the literature and praxis but a distinction is helpful. The chain of knowledge flow is data-information-knowledge. Information is data to which meaning has been added by being categorized, classified, corrected, and condensed. Information and experience, key components of definitions of knowledge, are put into categories through the process of labeling with abstract symbols...

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