The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence, there remains a large degree of confusion concerning the applied definition of what knowledge management is. Within the knowledge management community, attempts at defining this elusive term appear to be in constant flux. However, a basic description of what constitutes knowledge management, and the various factors leading to its importance, source, problems, and other basic related issues necessary to achieve a general understanding have been provided below. This field guide is intended to provide information concerning these issues in terms that are applicable in any situation. Obviously each business has their own sets of definitions, applications and style with respect to this tool.

There are prevalent definitions of knowledg

 Leverage alliances/partners

 Eliminating expert drainage

Capturing core knowledge: characterised by a growing awareness of the kinds of knowledge that relate to a core capability. This phase is dominated by identifying and locating that knowledge and putting in place the technical infrastructure to facilitate capture. The organisation recognises the value of knowledge management to its business, and begins its journey with a few successful pilots, which then attract the interest of a wider community.

Some common words found in the essay are:
Step Chart, Sharing Collaboration, Knowledge Management*, Management Introduction*, CoPs Consolidate, Speeding Innovation, Stories Companies, Explicit Tacit, Texas Instruments, Knowledge Management, knowledge management, business strategies,  develop, internal knowledge, market information, internal knowledge practices, knowledge practices, employee capabilities 3, main objectives, capture transfer, applications business strategies, sharing practices, reasons pursuing, benefits sharing collaboration, knowledge practices 2,
Approximate Word count = 1494
Approximate Pages = 6 (250 words per page double spaced)