The document discusses knowledge management systems (KMS). It defines key terms like data, information, and knowledge. It describes the benefits of KMS for businesses like increased efficiency and reduced uncertainty. It also discusses challenges of managing knowledge like knowledge hoarding. The document provides examples of how companies like Xerox have successfully implemented KMS to share solutions and expertise globally. It concludes that developing new knowledge is only one challenge and that acquiring, diffusing, and embodying knowledge in products are also important for effective knowledge management.