Management Fix
Knowledge management is creating, sharing, using, and managing the knowledge and information of an organization.
A MngtFix is an actionable solution for a problem with pros and cons to be evaluated by a human manager. This time the Management Fix is Knowledge Management Implementation.
The main goal of knowledge management is to improve an organization’s efficiency, save knowledge within the company, enable organizational learning, and create a learning culture, where the sharing of knowledge is encouraged, and those who seek to learn to better themselves find it easy to do so.
Knowledge management is important because it boosts the efficiency of an organization’s decision-making ability. (2)
The boosts can be reflected in:
- Lower costs;
- More effective learning;
- Improved decision-making and smoother workflows;
- Preventing brain drain;
- Creating a collaborative knowledge sharing culture;
- Easier scalability;
- An agile, responsive knowledge base. (3)
In making sure that all employees have access to the overall expertise held within the organization, a smarter…
