Knowledge is one of the following:
- Facts, information, and skills acquired by a legal entity through experience or learning;
- The theoretical or practical understanding of a subject;
- Awareness or familiarity gained by experience of a fact or situation.
According to the Corporate Strategy by Lynch (4th edition),
- Knowledge. A ﬂuid mix of framed experience, values, contextual information and expert insight. It accumulates over time and shapes the organization's ability to survive and compete in markets. Note that knowledge is not 'data' or 'information'.