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Some common synonyms ofknowledgeareerudition,learning, andscholarship. While all these words mean "what is or can be known by an individual or by humankind,"knowledgeapplies to facts or ideas acquired by study, investigation, observation, or experience.
In some situations, the wordsscholarshipandknowledgeare roughly equivalent. However,scholarshipimplies the possession of learning characteristic of the advanced scholar in a specialized field of study or investigation.
Knowledge creation refers to the continuous combination, transfer, and conversion of different kinds of knowledge. This occurs as users interact, practice and learn. Put simply; it is the creation of ideas, which is at the heart of a company’s competitive advantage.
Tacit knowledge, on the other hand, exists in people’s minds. It is not searchable like explicit knowledge is. It is also not easy to share with another person orally or in writing.
Knowledge creation management is the process of sharing, creating, using, and managing an organization’s knowledge and information. It is a multidisciplinary approach to making the best use of knowledge or information.
Knowledge creation management efforts usually focus on company objectives such as innovation, R&D, and greater productivity. It also focuses on competitive advantage, integration, the sharing of lessons learned, and the ongoing improvement of the business.
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