What is Knowledge Management And Why Do Companies Need It?

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What is Knowledge Management And Why Do Companies Need It? Have you ever wondered how more prominent companies and corporates can store and update the business knowledge and information and share it with the employees? Well, here comes the role of Knowledge Management. It is a system in an organization that helps the employees to share, access, and update business knowledge.

The main goal behind knowledge management is solely to improvise the efficiency of a company and to save the knowledge within the company. Importance Of Knowledge Management Knowledge Creation is essential to improve the efficiency of an organization and to preserve and spread knowledge within the company. Every year the importance of knowledge management is skyrocketing. Everyday the market place is becoming more and more competitive,and one way to stand out in the competition is to create a knowledgeable environment in the company. Knowledge management becomes essential for two reasons – it boosts the efficiency and decision-making ability of a particular organization.


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What is Knowledge Management And Why Do Companies Need It? by techindusone - Issuu