KNOWLEDGE MANAGEMENT AND ITS ROLE IN ORGANISATION
Keywords:
Knowledge, ManagementAbstract
Knowledge-based economies play an important role on effective management of knowledge. The effective management of knowledge described as to ensure sustainable strategic competitive benefit. The paper reveals that knowledge management is a key driver of organisational performance and a critical tool for organisational survival, competitiveness and profitability. Therefore creating, managing, sharing and utilizing knowledge effectively is vital for organisations to take full advantage of the value of knowledge . To manage knowledge effectively, attention must be paid on three key components - people, processes and technology. In essence, to ensure organisation’s success, the focus should be to connect people, processes, and technology for the purpose of imparting knowledge. We will discuss the role of knowledge management in organization in this paper.
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