Knowledge management is the process of capturing, organizing, storing, and sharing knowledge within an organization to enhance learning, decision-making, and innovation. It involves identifying valuable knowledge assets, such as expertise, experience, and best practices, and implementing systems and processes to ensure that this knowledge is easily accessible to those who need it. Knowledge management encompasses various strategies, including creating knowledge repositories, fostering communities of practico, implementing knowledge-sharing platforms, and encouraging collaboration and knowledge exchange among employees. By effectively managing knowledge, organizations can leverage their intellectual capital, improve efficiency, and gain a competitive advantage in the marketplace   Question How can organizations overcome challenges such as knowledge silos and resistance to knowledge sharing when implementing knowledge management initiatives?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Knowledge management is the process of capturing, organizing, storing, and sharing knowledge within an organization to enhance learning, decision-making, and innovation. It involves identifying valuable knowledge assets, such as expertise, experience, and best practices, and implementing systems and processes to ensure that this knowledge is easily accessible to those who need it. Knowledge management encompasses various strategies, including creating knowledge repositories, fostering communities of practico, implementing knowledge-sharing platforms, and encouraging collaboration and knowledge exchange among employees. By effectively managing knowledge, organizations can leverage their intellectual capital, improve efficiency, and gain a competitive advantage in the marketplace

 

Question How can organizations overcome challenges such as knowledge silos and resistance to knowledge sharing when implementing knowledge management initiatives?

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