This document discusses key concepts of knowledge management (KM). It defines KM as systematically managing an organization's knowledge assets to create value and meet requirements. KM involves people, technology, and processes working together. It captures, shares, and applies both explicit and tacit knowledge according to a life cycle of gathering, organizing, refining, transferring knowledge. Strategies include personalization and codification. KM tools and systems help organizations discover, organize, share, reuse, and create knowledge to support learning and effectiveness.