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Nov 28

Knowledge management is an essential practice for enterprise organizations. The actions at the end … Management is the act of getting people together to accomplish desired goals. Let us go through in detail the Importance of Knowledge Management for the firm’s today. All organizations can benefit from their people sharing, innovating, reusing, collaborating and learning. Before studying knowledge management, it is necessary to know about Management. The concept of management is universal and dynamic. Importance of Knowledge management lies in the fact that it is one of the vital fundaments and qualities of the firm to stay ahead of the competition plus staying relevant in the market amidst all the dynamism. What is Knowledge Management and why is it important? At Enterprise Knowledge, we’ve adopted a concise definition of knowledge management: Knowledge Management involves the people, process, culture, and enabling technologies necessary to Capture, Manage, Share, and Find information. Concept and importance of Knowledge Management Knowledge Management. (Source: The Knowledge Network) According to Gartner, “is a business process that formalises the management and use of an enterprise’s intellectual assets. Organizational knowledge adds long-term benefits to the organization in terms of finances, culture and people. Knowledge Management (KM) is a discipline that improves the ability of organisations to solve problems better, adapt, evolve to meet changing business requirements, and survive disruptive changes such as …

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