knowledge management system: This is where you share information in a company to help the company make a better product. This will help the company from reinventing the wheel as they say. If a company shares their knowledge then in the end they will be much more effective than if they worked alone. If other companys would share knowledge then product all over the world could be made better, but that comes at a stee price becase the big companies would run all over the small companies once they had the knowledge. This is why it will never happen but it would be the best for the whole if it did happen. knowledge management system is a great way to make a better product and to be more productive in a company this could save a company thousands to millions over time just sharing what everybody is working on.