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The knowledge management can help in many ways:
- Helps the organization to know, what they know! i.e., What are the strong capabilities/ staff and facilities they have?
- Helps the organization to identify the concentration areas and less populated areas of knowledge.
- And it helps the organization to collectively, share towards fulfillment of goals and objectives of the organization. It also help find the current status of the organization as compared to the competitors.
these are also the benefits of KMS
· facilitates better, more informed decisions;
· contributes to the intellectual capital of an organization;
• encourages the free flow of ideas which leads to insight and innovation;
• eliminates redundant processes, streamlines operations, and enhances employee retention rates;
• improves customer service and efficiency; and
• leads to greater productivity.
• A Collaborative Culture
• More efficient question/problem handling
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Explain the knowledge management concept and justify its usefulness in today's organisations?
Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.
What are Some project management knowledge areas?
Risk Management, Communications Management, Schedule Management
When was A Guide to the Project Management Body of Knowledge created?
A Guide to the Project Management Body of Knowledge was created in 1996.
Define knowledge management?
The definition of knowledge management is the process of developing, sharing, using, and capturing organizational knowledge in a effective way. In a business, it is handling the resources and information efficiently.
What is knowlwdge management?
The term and concept of knowledge management (KM) was arose roughly in 1990. Davenport (1994) defined KM as- "Knowledge management is the process of capturing, distributing, and effectively using knowledge." Its object is -the best use of knowledge to achieve goals by using multi disciplined approaches.
What are the advantages and disadvantages of knowledge management systems?
A knowledge management system can be useful in many different ways or strategies and practices. It is commonly used successfully in the Information Technology field and human resource management.
When did knowledge management become an established discipline?
Knowledge management as a discipline started to gain recognition in the 1990s. Companies began to recognize the importance of managing their intellectual assets to improve decision-making, innovation, and competitive advantage. The term "knowledge management" was coined during this time to describe these practices.
What are the advantage and disadvantage of knowledge management system in MIS?
Knowledge management systems help to improve organisational agility which drives business agility. It helps for quick decision making and problem-solving. You can witness a growth in innovation. One good advantage is sharing of expertise. Business processes can be improved. All of these are possible with better communication.
Explain the knowledge management concept and justify its usefulness in today's organisations?
Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.
What is the advantage of using knowledge management?
Knowledge management aims to improve virtually all aspects of the organisation. It seeks to identify, categorise, share, improve, and create knowledge assets. Therefore, if implemented correctly, using knowledge management can help a firm to: - Understand where and in what form knowledge exists - Make the right knowledge available to the right people - Enhance its ability to innovate - Learn from its mistakes - Better exploit existing knowledge i.e. turn it into products etc. - Link the knowledge and learning directly to strategy - Identify and remove obsolete knowledge
What has the author Karl M Wiig written?
Karl M. Wiig has written: 'Knowledge Management Methods' -- subject(s): Knowledge management, Industrial management, Study and teaching, Information resources management, Organizational learning 'Knowledge management' -- subject(s): Knowledge management, Management, Organizational learning
When was Journal of Knowledge Management created?
Journal of Knowledge Management was created in 1997.
Who is the author of A Guide to the Project Management Body of Knowledge?
A Guide to the Project Management Body of Knowledge is a book by Project Management Institute. The book talks about knowledge in the project management profession.
What are Two major types of knowledge management systems?
Enterprise-wide knowledge management systems and knowledge work systems
Is knowledge management a management philosophy?
yes
When was Electronic Journal of Knowledge Management created?
Electronic Journal of Knowledge Management was created in 2003.
When was Journal of Knowledge Management Practice created?
Journal of Knowledge Management Practice was created in 1999.
