A knowledge management system is any technology that is used to store and manage knowledge - essentially, a tool to oversee knowledge management. Knowledge is one of the most vital keys to achieving success and with our Knowledge Management PowerPoint template you can do the same without any hassle. Huddle provides its users with unlimited capacity to securely store any and all knowledge, in whichever format they choose. Knowledge Management develops systems and processes to acquire and share intellectual assets and collective knowledge. It can help any organization to grow and to evolve. KM, organizational learning and adaptive management are increasingly recognized in the international development community as important routes to more effective development assistance. Most important is a central repository for the knowledge. Knowledge sharing also improves communication among employees, both intradepartmental and interdepartmental, according to “The Benefits of Knowledge Management: Some Empirical Evidence” study. The importance of Knowledge Management cannot be understated. The importance of knowledge management is growing every year. Organizations have traditionally used their own servers for this, but their limitations are only too apparent – unwieldy, costly and inflexible. Development agencies are investing in programmes that focus on building individual and organizational capacity to … It increases the amount of useful, actionable, and meaningful information available, and seeks to increase both individual and team learning. Nowadays, if top management is asked to underline a single resource which is most critical for their organization to achieve and sustain competitive advantage, most of them will be selecting - “Knowledge”. Knowledge management (KM) plays a vital role and can be a powerful tool in this regard. Knowledge management allows us to share lessons learned, not only about successes, but also about failures. It is a well-known fact that a knowledge management environment can provide the basis for making good decisions. However, a successful knowledge management system also taps into the underlying goals of KM: codifying knowledge, retrieving knowledge, improving collaboration, and stimulating overall organizational learning. The members of an organization can improve their relationship significantly by sharing and managing knowledge properly, no matter if they work in the same or different departments. You want to be able to spot issues from a distance and respond quickly to new information and innovations. As the marketplace becomes ever more competitive, one of the best ways to stay ahead of the curve is to build your organization in an intelligent, flexible manner. They are listed below: Contextual Knowledge in Decision Making. With such an importance to knowledge, managing it has become a serious concern for organizations.
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