It is an effort to discover the hidden assets in people’s minds and turn them into the organizational assets, so that this asset be accessible for all employees to exploit it.
It is a framework for integrating interactions at all activity levels of an organization so that the firm can use its knowledge and, if it is required, gain new knowledge for value creation for its customers and stakeholders. This managerial structure integrates individuals, processes, and technology for sustainable performance development.
It is an integrated procedure to recognize, collect, retrieve, share, and measure an organization’s information capital. The information assets may include databases, documents, mechanisms, methods, or even the experiences of managers.