Knowledge Management - What is knowledge management and why is it important?

Q: What is knowledge management and why is it important?

Knowledge management is important because it boosts the efficiency of an organization's decision-making ability. In making sure that all employees have access to the overall expertise held within the organization, a smarter workforce is built who are more able to make quick, informed decisions that benefit the company.

Answer

An organization's capacity to make decisions is greatly enhanced by knowledge management. A smarter workforce, better equipped to make timely, informed decisions that benefit the firm, is developed when all employees have access to the entire expertise housed inside the organization.

Knowledge Management - What is knowledge management and why is it important?

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