In this lesson we will see how organizations can use the knowledge of the individuals working for them to achieve success . 
Intellectual capital or assets – organizational knowledge that can be used to produce wealth
Patents (obtained from the authorities )
Know-how (how things happen and work)
Know –why (why things happen and work)
Experience
Expertise (expert knowledge)
Knowledge Management is a collaborative and an integrated approach to the creation, capture, organization, access and the use of the organizations intellectual assets. (Grey 1996)    
Collaborative – Done jointly
Integrated – linked to others