Knowledge Creation and Capture
The first element of knowledge management is knowledge creation
and capture. Knowledge is continually being created in any group, corporation
or organization since the very interaction among people generates knowledge.
One of the primary aims of knowledge management is to capture the
knowledge that is produced during such interactions. As a consequence of the
highly competitive nature of today’s markets, there is increasing need within
corporations and organizations to create new knowledge, generate novel
ideas and concepts, and to capture these knowledge, ideas and concepts.