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Concept of Knowledge Management


Knowledge management is a field of management which focuses on expanding business performance by making the most of the synergy between people,processes and technology.It deals with issues critical to organizational adaptation and expertise in the wake of increasingly more irregular changes in the environment.It is well known for organization process that engages information technology and people creativity.As such,the business of knowledge aspect should be considered critical and should reflect in strategy, policy and thus practice the overall functioning of the organization.

 

In fact, knowledge management is all about launching the link between disguised intellectual property and positive business outcome. It involves an organization ecognizing and planning its intellectual assets. It’s creating knowledge for competitive advantage while making large amounts of business information available and allocating the best practices and technology. Thus, it facilitates all the above .Knowledge management is not precisely or simply defined as how easy we think of it. It is a complex domain, like management itself. There exist noteworthy connections between knowledge management and many popular management practices and strategies. It also includes best practices, changing of management, standard and management risk to mention a few. As such, knowledge management provides all the detailed information on itself .Knowledge Management is thus affiliated with supply chain management software.


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parveen

Knowledge management is a field of management which focuses on expanding business performance by making the most of the synergy between people, processes and technology.