KM as I understand it
Knowledge: a stock of what we know. For e.g., if you can drive a car you have a knowledge. If you can treat a patient, you have a knowledge. If you know someone, you have a knowledge.
Management: a process of planning for, acquiring, organizing/keeping, exploiting/using, disposing of, recycling/renewing,... any kind of asset (tangible or intangible; hence including knowledge).
Knowledge Management is a revolving process of acquiring knowledge, keeping it safe, applying it, sharing it as necessary, generating a new knowledge or improving the existing one.
The process revolves because it begins by acquiring knowledge (learning) and ends by generating a new knowledge or improving the existing one; thus learning again.
However, the process may not revolve before a long time because generating a new knowledge of improving the existing one may take a long time or it may not even happen ever.
NOT EASY TO DEFINE KM ESPECIALLY AS TO HOW/WHERE IT ENDS.
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