The article is business oriented, but the essence of ideas can be disseminated in conjunction with other kind of activities, such as from academic environments, or from any organizations where a state of knowledge is present.

So, a Knowledge Management (KM) strategy is a pragmatic practice, developed from overall business strategy, having its goals and characterized by its methods and techniques. Since 1995, it has been a distinct discipline and it’s being thought at good Universities.

Furthermore large companies, and especially corporations have resources dedicated to KM, which is a part of HR, IT&C, and Business Strategy department.

Basic KM strategy has 3 sub-processes:

• Knowledge generation
• Knowledge maintenance
• Knowledge distribution,

and are performed in a central or de-central way, in relation with business type. The obvious purpose is to codify, store, disseminate, and allow reuse of knowledge.

Codifying tasks are usually a done using a person-to-document approach, the resulting document being extracted from the person who developed it, it’s made independent of it, and finally re-used for different purposes.

Ancillary, an IT management system is established, for instance a distributed database of documents with a fancy, easy to use, intuitive GUI. In this case the system is a top-down system, with a centralized KM approach because the knowledge is disseminated from one central point (the database) to individual requestors.

Another strategic approach is to make the knowledge management de-centrally. The KM sub processes are performed de-centralized. In this case, the knowledge is closely tied to persons who acquired it. In this context the dissemination of knowledge is done using a person-to-person approach while networks of individuals are made. In fact the entire KM system is implemented by networks of individuals, based on their initiative, not on a clear managerial task. It’s obvious that it does not cost and it’s the often encountered KM system in firms.