How Knowledge Management Changed Everything!

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Brain hot air balloon

What is knowledge management and why should you care? Let’s start at the very beginning.

What are the Origins of Knowledge Management?

It was conceived after the invention of the wheel, but before the arrival of slick modern LMSs.

Like a lot of business concepts that originated in the 90s, knowledge management stemmed from the widespread use of the Internet.

The business community recognised the sudden opportunity organisations had to share their knowledge worldwide. This started a process which collated and dispensed knowledge across organisations. Naturally, this intranet system saved companies a lot of time and money.

The original aim was simply to share information about your company, so all your colleagues could view it. The advances in communications technology furthered the idea of a knowledge-sharing culture.

What is Knowledge Management?Knowledge management

After the near-mythical Boston conference of ’93, legend has it that in ’94, business guru Tom Davenport coined this definition:

“Knowledge management is the process of capturing, distributing, and effectively using knowledge”.

This still stands as the definitive one-line definition. For a more in-depth explanation, we’ll have to fast forward four years to 1998. The Gartner Group crafted a more detailed definition:

“Knowledge management is a discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise’s information assets. These assets may include databases, documents, policies, procedures, and previously un-captured expertise and experience in individual workers”.

This has since become the go-to definition.

How LMSs Make Knowledge Management Easier:

It started with internal intranet systems, but their capabilities were limited. These were followed by legacy LMSs which were a step in the right direction with more knowledge-sharing functionality, but it wasn’t until the arrival of the NextGen LMS that knowledge management became an achievable goal for every company.

Growth Engineering’s Academy LMS is designed to engage your learners. With it, you can foster a knowledge-sharing culture. Here’s how:

Weaving a Narrative:

Weaving a narrative into your learning is a fantastic way to distribute your company knowledge. Famed Psychologist Jerome Bruner’s research suggested that facts are 20 times more likely to be memorised if they’re part of a narrative.

Social Learning:social learning

A successful knowledge management strategy requires a knowledge sharing culture. This means you need social functionality on your LMS. This might include:

      • News Feeds
      • FAQs
      • Live Chats
      • Custom Discussion Groups
      • Social Media Integration
      • and much more!

Final Word

We’ve come a long way since the heady days of the early 1990s Intranet systems. The goal is still the same: to capture, distribute and use knowledge.

Nowadays the process of doing so is much slicker. We have social learning and narrative to make it a smoother ride!

If you want to better understand intellectual capital and how you can make use of it, our guide ‘What is Intellectual Capital’ is perfect for you! It’s the perfect follow up to this article as well. 

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