Knowledge has become an important asset in a modern enterprise. Straightforward and fast access to knowledge possessed by its employees may significantly influence the competitiveness of an enterprise. A new research discipline - knowledge management has emerged when knowledge was recognised as an asset. Knowledge management (KM) generally deals with several phases of knowledge life cycle identification, acquisition, development, dissemi-nation, use and preservation of enterprise’s knowledge. In this paper we look briefly at the identification and acquisition. The emphasis is given on the preservation and further development of knowledge especially in distributed organizations, which possess some specifics that must be born in mind when designing a KM system.
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