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NAME: HANNAH THOMAS STUDENT ID#: 2005031371 MODULE: CORPORATE AND BUSINESS HRM LECTURER: MRS. JACQUELINE YORKE-WESCOTT TOPIC: KNOWLEDGE MANAGEMENT Question #1. Define Knowledge Management, its purpose and principles. It is becoming more prevalent now that an organisation's intellectual capital is becoming the primary way in which an organisation measures its value. Today's managers have genuinely recognized knowledge as an important organisational resource that should be manage just as they manage cash flow, raw materials and other resources. Knowledge Management refers to the efforts to systematically find, organize, and make available a company's intellectual capital and to foster a culture of continuous learning and knowledge sharing so that a company's activities build on what is already known. Knowledge can be distinguished by two type's explicit knowledge which is knowledge that can be codified, written down and contained in databases and tacit knowledge which is knowledge that is unstructured and resides in people's heads. Information technology plays an...

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