What is knowledge management and what is its importance in any company or institution in order to achieve its goals?

"Knowledge management is the process of capturing, distributing, and effectively using knowledge." "Knowledge management is a discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise's information assets.
These assets may include databases, documents, policies, procedures, and previously un-captured expertise and experience in individual workers."

Knowledge management is the process of capturing, distributing, and effectively using knowledge in any organisation.
Perhaps the most central thrust in KM is to capture and make available, so it can be used by one & all in the organization, the information and knowledge that is in people's heads & never shared, as it were, or that has never been explicitly set down.

It comprises a range of strategies and practices used in an organization to identify, create, represent, distribute, and enable adoption of thoughts/ insights and experience.
Such thoughts/ insights and experiences comprise KNOWELDGE

Knowledge Management is the process of documenting the knowledge in organisation to be used by others later

It can be said that knowledge management is all special operations discovering knowledge, organized and stored in a company or organization in order to use them when you need them. Therefore, we can say that knowledge management is of great importance in moving the wheel of the conduct of business of any institution through its impact directly on making the right decisions at the right time 

intelligent management is the key for every successful company, so it no doubt in knowledge.
A healthy finance, hard working employees, full fledged marketing, competitive products will take the organisation to the extent high level

Knowledge management is process of documenting and effectively sharing the knowledge.
Specially in tech industry one can look for the past problems and their solution in order to avoid the lenthy process of analysis and correction.
We learn from the problems faced in other projects and can avoid in the current projects.
Right information for the right audiance.

in short its about managing the knowledge flow in the organization from various aspects.
for example desiging learning systems or in the other hand practice knowledge control.
it has the power of saying let me show you more and the opposite by saying what you already know is more than enough.
speaking from adminstrative point of view.

Human Resources are skilled with various types of knowledge and expertise.
It becomes essential to use proper resource for the proper job and knowledge transfer through those expertise to other members involved in such project becomes essential for the successful completion of such tasks involved in that project.
Thus Knowledge Management through proper skills training is felt essential and given priority and more importance now-a-days.

find information and arranged and expoited in the right place and time  the most important role of knowldge management   for more good comunication

Knowledge is power