Manik Sinha

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Importance of Knowledge Management

There are several reasons why knowledge management is important.
It ensures all relevant information and resources can be accessed by employees when they need it.
Important knowledge is kept within the business even after employees move on from the business.
It avoids duplicated efforts.
It ensures your organisation effectively takes advantage of existing expertise.
It standardized processes and procedures for knowledge management.
KM provides the following benefits to the organization to achieve the organizational goals.
1.Availability.
2. Employees awareness.
3. Timeliness.
4.Adapt Organizational change.
5.Help in decision making
6.Transfer Knowledge.
7.Reduce Risk.
8.Goal Achievement
9. Availability of information.

The overload of data is making knowledge management increasingly more important. Four reasons why actively managing knowledge is important to a company’s success .
 1.) Facilitates decision-making capabilities. 
 2.) Builds learning organizations by making learning routine. 
 3.) Stimulates cultural change and innovation.
 4.) Enhances the knowledge level of employees.

Principles of Knowledge Management."

1.Knowledge is messy. 
Because knowledge is connected to everything else, you can’t isolate the knowledge aspect of anything neatly. 

2.Knowledge is self-organizing. 
The self that knowledge organises around is organizational or group identity and purpose.

3.Knowledge seeks community. 
Knowledge wants to happen, just as life wants to happen. Both want to happen as community.

4.Knowledge travels via language. 
Without a language to describe our experience, we can’t communicate what we know.

5 . There is no one solution.
 Knowledge is always changing. For the moment, the best approach to managing it is one that keeps things moving along while keeping options open.

6. Knowledge doesn’t grow forever.
 Eventually, some knowledge is lost or dies, just as things in nature. Unlearning and letting go of old ways of thinking.

7. No one is in charge. 
Knowledge is a social process. That means no one person can take responsibility for collective knowledge.

8 .How you define knowledge determines how you manage it. 
The “knowledge question” can present itself many ways. For example, concern about the ownership of knowledge leads to acquiring codified knowledge that is protected by copyrights and patents.

Importance of Knowledge Management

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10 Comments

Seema Priyadarshini sahay

05-Oct-2021 05:47 PM

Nice

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Shalini Sharma

01-Oct-2021 12:27 PM

Superb ✌️

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🤫

29-Sep-2021 12:43 AM

A knowledgefull article....👌👌

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