KBM (Knowledge-Based Management) is a term that refers to a systematic approach or framework for managing knowledge resources within an organization to enhance overall performance and decision-making processes. KBM entails the collection, organization, analysis, and utilization of knowledge assets, such as intellectual capital, expertise, experience, and best practices, for the purpose of achieving the organization's goals and objectives.
In KBM, knowledge may be explicit, representing formalized information that can be easily communicated and shared, or tacit, which refers to personal experiences, insights, and skills that are more difficult to articulate. The management of knowledge involves various activities, including knowledge creation, acquisition, storage, sharing, and dissemination, as well as knowledge transfer and application.
KBM involves the implementation of strategies, processes, and technologies to capture, retain, retrieve, and leverage knowledge within an organization. It often includes the use of knowledge management systems, which are software platforms designed to support the organization's knowledge management initiatives.
The advantages of KBM include improved decision-making capabilities, increased innovation and creativity, enhanced learning and collaboration, reduced duplication of efforts, and the ability to capitalize on past experiences and lessons learned. Overall, KBM aims to create a knowledge-driven culture where knowledge is valued, shared, and continuously updated to support organizational growth, competitiveness, and sustainability.
