Explain knowledge management and its primary benefits.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Problem 1CE
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Explain knowledge management and its primary benefits.
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Knowledge management is all about a systematic process of retaining and sharing knowledge of the employees within the organization. The main objective of knowledge management is to enhance organizational efficiency by retaining knowledge within the organization. From an organizational perspective, knowledge management is considered crucial because it helps in developing the capabilities of the workforce.
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