Knowledge management

1)What is the management
Management is the process of getting activities completed efficiently and effectively with and through other people.
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2)What is knowledge management?
From the introduction to; "An Open Discussion of Knowledge Management", Brian (Bo)Newman, 1991.
Knowledge Management is the collection of processes that govern the creation, dissemination, and utilization of knowledge. In one form or another, knowledge management has been around for a very long time. Practitioners have included philosophers, priests, teachers, politicians, scribes, Liberians, etc.
So if Knowledge Management is such an ageless and broad topic what role does it serve in today's Information Age? These processes exist whether we acknowledge them or not and they have a profound effect on the decisions we make and the actions we take, both of which are enabled by knowledge of some type. If this is the case, and we agree that many of our decisions and actions have profound and long lasting effects, it makes sense to recognize and understand the processes that effect or actions and decision and, where possible, take steps to improve the quality these processes and in turn improve the quality of those actions and decisions for which we are responsible?
Knowledge management is not a, "a technology thing" or a, "computer thing" If we accept the premise that knowledge management is concerned with the entire process of discovery and creation of knowledge, dissemination of knowledge , and the utilization of knowledge then we are strongly driven to accept that knowledge management is much more than a "technology thing" and that elements of it exist in each of our jobs
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3)What is information system?

An information system (IS) is any combination of information technology and people's activities using that technology to support operations, management, and decision-making.^[1] In a very broad sense, the term information system is frequently used to refer to the interaction between people, algorithmic processes, data and technology. In this sense, the term is used to refer not only to the information and communication technology (ICT) an organization uses, but also to the way in which people interact with this technology in support of business processes^[2].
Some make a clear distinction between information systems,and computer systems ICT, and business processes. Information systems are distinct from information technology in that an information system is typically seen as having an ICT component. Information systems are also different from business processes. Information systems help to control the performance of business processes ^[3].
Alter argues for an information system as a special type of work system. A work system is a system in which humans and/or machines perform work using resources (including ICT) to produce specific products and/or services for customers. An information system is a work system whose activities are devoted to processing (capturing, transmitting, storing, retrieving, manipulating and displaying) information ^[4].
Part of the difficulty in defining the term information system is due to vagueness in the definition of related terms such as system and information. Beynon-Davies argues for a clearer terminology based in systemics and semiotics. He defines an information system as an example of a system concerned with the manipulation of signs. An information system is a type of socio-technical system. An information system is a mediating construct between actions and technology ^[5].
As such, information systems inter-relate with data systems on the one hand and activity systems on the other. An information system is a form of communication system in which data represent and are processed as a form of social memory. An information system can also be considered a semi-formal language which supports human decision making and action.
Information systems are the primary focus of study for the information systems discipline and for organisational informatics^[6].
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4)
5 COMPONENTS OF INFORMATION SYSTEM:
1. IT i.e. hardware and software
2. Data/Information
3. Procedures/Policies
4. People
5. Purpose
6. Communication Networks

5)Why do we need to apply the knowledge management process in our bussiness

Because if we do not apply knowledge management system we would not know how to choose the right information and useless information. Also Information systems is very important because it makes our employees work and gather information easier.

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