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A Functioning Knowledge Management System (KMS) Follows Six Steps in a Cycle

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Essay

A functioning knowledge management system (KMS) follows six steps in a cycle. The reason for the cycle is that knowledge is dynamically refined over time. What are the six steps in the KMS cycle?


Definitions:

Anticipation

The act of expecting or predicting future events or needs.

Future Growth

This refers to the expected increase in size, value, or importance of a company, market, or economy over time.

Accredited Investor

An individual or entity recognized as capable of investing in certain types of high-risk financial products, based on income, net worth, or professional experience.

Net Worth

The total value of an individual's or entity's assets minus liabilities, representing the financial health or wealth at a point in time.

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