i think its tool, need to handle the knowledge mgmt carefully cuz the information we are provide to persons should be authentic as well as based on research.
Dear LIS friend!
Knowledge Management (KM) is a discipline that examines information and human understanding, using concepts from education, information technology, cognitive psychology and library science. Many discipline are emphasizing that it is our filed: such as Management Science and Library science, etc.
It is a systematic plan of action,which aimed to organize organization's intellectual assets for the development and increasing the productivity of same, the intellectual assets in both forms: recorded information and the talents of its members.
Regarding the definition of KM, actually there is no any exact definition of KM. people have tried to give definition of KM, which you can find in the paper which I have uploaded with it.
But in general KM is the strategy for storing the information, processing (indexing) and after the processing it will ready for retrieving for the value add for the organization. in other words, KM is the process through which organizations generate value from their intellectual and knowledge-based assets.
When we talk about KM, it is a management of knowledge, there are two types of knowledge, one is Explicit Knowledge another one is Tacit knowledge.
In our LIS profession we are dealing with Explicit Knowledge, which is easy to stored codified and communicate to others in form of: books, journals, thesis, databases and many more.
On the other hand KM deals with both type of Knowledge: explicit and tacit. the tacit knowledge is highly personal knowledge, it comes through experiences, no one can gain it trough reading books, papers etc. It is difficult to codified, store, organised and communicate. Such types of knowledge remains in particular's mind. This can be called intellectual asset of organization.
For more details you can go through references and paper provided below.