Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Mangement 

Knowledge management (KM) involves the systematic collection, organization, dissemination, and utilization of knowledge within an organization to enhance decision-making, innovation, and performance. It encompasses a range of processes, including knowledge creation, capture, storage, sharing, and application. Effective knowledge management enables organizations to leverage their intellectual capital, including tacit and explicit knowledge, to solve problems, improve processes, and create value. Key components of KM include establishing knowledge repositories, fostering communities of practice, implementing knowledge sharing platforms, and encouraging continuous learning and knowledge transfer among employees. By facilitating the flow of information and expertise across brganizational boundaries, KM enhances collaboration, fosters innovation, and accelerates problem-solving. Moreover, KM enables organizations to retain institutional knowledge, even as employees come and go, ensuring continuity and resilience in the face of turnover and change. Ultimately, a robust knowledge management strategy enables organizations to stay competitive, adapt to evolving market conditions, and drive sustainable growth.

 

Question: How can organizations overcome cultural barriers and resistance to knowledge sharing to foster a collaborative and learning-oriented environment?

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Knowledge Booster
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