The basis for the global momentum of implementing knowledge management is the need to understand the real value of knowledge, to create new management philosophies, standards and practices and to establish new models of success. The subject examines the movement away from the traditional paradigm of 'hoarding knowledge' to a structured approach, which creates the incentive for sharing knowledge and establishes a knowledge management framework. Students are introduced to management initiatives of implementation, technology strategies, planning organisational transformation and a general understanding of the future environment for managing knowledge within the organisation.

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