'A specific information about something is called knowledge. Knowledge is versatile. There is no particular direction to acquire knowledge.
Knowledge management is a multi-disciplined approach to achieve objectives by making the best use of knowledge in the learning process. In knowledge management, a learner captures /gathers, organizes, transfers/shares, and refines/analyzes his/her knowledge in terms of understanding and recalling.
It is a process by which a learner captures knowledge by listening to what others say in the form of lessons by teachers or lectures by experts. A learner also captures knowledge by reading books, material and newspapers or magazines; watching television or movies; browsing internet, attending seminars and watching different programmes. One also gains knowledge by observing the examples of others or by doing experiments.
It is a procedure by which knowledge is stored and codified for effective use. A learner organizes knowledge using notebooks, work books or assignments to present it later in a class room or a test. There are several other ways to organize knowledge. For example, facts can be presented by graphics, tables or just by statements.
It is a procedure by which knowledge is put to test to assess the understanding levels and to clear ambiguity. The basic motivation of testing knowledge is to control performance, efficiency, quality of the knowledge base. Tests, exercises and exams are the commonly used knowledge refining types. The goal of every learner is successful application of his/her knowledge.
Once knowledge is captured, organized/ codified, refined / tested and applied, the next step is to demonstrate how it is transferred to the right party in the right format and at the right time. Knowledge transfer implies sharing and exchanging of knowledge.