Knowledge Management: Knowledge management is the efficient management of available information, through a system of procedures and methods, by organisations. It involves creation, storage, transfer, and application of knowledge. This chain of activities creates a value chain to the business. Information systems utilised in knowledge management provides communication with peers, exchange of internal and external knowledge. While there are ample technologies, the management of knowledge is an integral part of a business that provides organisations a competitive advantage and financial gains.

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Chapter 11, Problem 5DQ

Program Plan Intro

Knowledge Management:

Knowledge management is the efficient management of available information, through a system of procedures and methods, by organisations. It involves creation, storage, transfer, and application of knowledge.

This chain of activities creates a value chain to the business. Information systems utilised in knowledge management provides communication with peers, exchange of internal and external knowledge.

While there are ample technologies, the management of knowledge is an integral part of a business that provides organisations a competitive advantage and financial gains.

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