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In: Operations Management

Knowledge Management has become a crucial component of a competitive organization and this argues that knowledge...

Knowledge Management has become a crucial component of a competitive organization and this argues that knowledge is a mark of civilization and has been discussed, disputed and managed in most spheres of human activity for all of history

Discuss and give your opinion NOT LESS THAN 5 lines

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Expert Solution

Knowledge management

Knowledge management has an important aspect of competitive organization. In this present scenario, in knowledge based society knowledge management is a key aspect of competitive organization. Knowledge is a mark of civilization and has been discussed, disputed and managed in most sphere of human activity for all of history. Knowledge is a great weapon of a person. It is the power to do something in efficiently. It can be used efficiently to achieve the goals of the organization. To overcome the ideas of competitors everyone should acquire enough knowledge and use it in an efficient way.

            Knowledge is a kind of thing which is a great aspect in the success of an organization. The more efficient in knowledge, the more you get. It will help to enhance the productivity of the organization. It is related to creation, representation and storage of a particular information which will be helpful for the organization in future. It is kind of tool which will increase return of an entrepreneur. Knowledge management is also refers to sharing of knowledge. By sharing the knowledge we increase our knowledge capacity.

And to be sum up, knowledge and knowledge management are an important aspect of competitive organization. The knowledge is also the wealth of the organization. The increased knowledge helps you to earn high in return.


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