Explain the significance of Knowledge Management. Discuss the issues to be considered for successful implementation of knowledge management?
there are five significance of Knowledge Management:-
1. Enabling better and faster decision making
Delivering relevant information at the time of need through structure, search, subscription, syndication, and support, a knowledge management environment can provide the basis for making good decisions. Collaboration brings the power of large numbers, diverse opinions, and varied experience to bear when decisions need to be made. The reuse of knowledge in repositories allows decisions be based on actual experience, large sample sizes, and practical lessons learned.
2. Making it easy to find relevant information and resources
When faced with a need to respond to a customer, solve a problem, analyze trends, assess markets, benchmark against peers, understand competition, create new offerings, plan strategy, and to think critically, you typically look for information and resources to support these activities. If it is easy and fast to find what you need when you need it, you can perform all of these tasks efficiently.
3. Reusing ideas, documents, and expertise
Developed an effective process, want to
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