The following are the three major stages of integrated cycles of knowledge management strategy when introduced in any organization −
- Knowledge capture and/or creation
- Knowledge sharing and dissemination
- Knowledge acquisition and application
Knowledge Capture states the identification and frequent codification of existing (usually previously unnoticed) internal knowledge and know-how within the organization and/or external knowledge from the environment.
Knowledge Creation is the advancement of new knowledge and know-how innovations that did not have a previous existence within the organization. Once, it is clear that the newly identified content is of sufficient value, the next step is to contextualize this content. This involves maintaining a connection between the knowledge and those knowledgeable about that content.
Contextualization also indicates identifying the key elements of the content in order to better match to a variety of users. Finally, contextualization succeeds to when the new content is firmly, precisely yet seamlessly, embedded in the business processes of the enterprise.
The knowledge management cycle is then rechecked as users understand and decide to make use of content. The users will update usefulness, and they will signal when it becomes out of date or when this knowledge is not applicable.