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The FedUni Journal of Higher Education :
Knowledge Management: A Success Key for Higher Education
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It has been noted that in the emerging society, knowledge plays a vital role and is a primary resource as compared to other factors of production. Knowledge sharing can create comprehensive wealth for the nation in the form of better education, health, better civic sense and infrastructure and further improving the overall quality of life. This paper is based on the utilization of knowledge in higher education. In this 21st century, knowledge management is important in all the industries. And education industry is not an exception. In the first part of the paper, meaning of knowledge management is discussed. Then efforts are made to correlate knowledge management and higher education and how to get competitive advantage through knowledge sharing. This paper tries to incorporate the benefits that the application of knowledge management practices can bring in the field of higher education. It also discusses the factors that influence the sharing of knowledge in educational institutes with special reference to higher education.

 
 

Knowledge sharing is a widely used term these days. But then this term is confused with information sharing. Information sharing includes the give and take of the facts among the people. Knowledge sharing should create a creative learning process. This is one of the features supported by `Knowledge Management,' which has been realized by most of the organizations and enterprises as they have started having some sort of knowledge management framework.

Various enterprises have started adopting this concept wherein they share and analyze its knowledge based on enterprise data and statistics. Storing enterprise information like company documentation, presentations, material specification, customer and vendor related data, project data sheets, reports, document collection on the Enterprise SharePoint constitutes the strategies involved in knowledge management. It's a continuous process of creating, storing, sharing, applying and reusing organizational knowledge to enable an organization to achieve its goals and objectives. This continuous process of learning and graduating eventually helps in promoting learning and innovation.

According to Webster's Dictionary, knowledge is "the fact or condition of knowing something with familiarity gained through experience or association." According to Denning (2000), "knowledge means the ideas or understandings which a firm possesses that are used to take effective action to achieve the firm's objective(s). This knowledge is specific to the firm which created it." Denning further explains that an understanding of knowledge requires some grasp of its relationship to information. In the words of Drucker (1993), knowledge is like the sound of the tree that falls in the forest when no one is there:

 
 

Higher Education Journal, Knowledge Management, Knowledge Sharing, Organizational Knowledge, Intangible Assets, Intellectual Assets, Knowledge Management System, Top Management, Management Skills, Educational Sector, Management Skills.