Explain knowledge management and its primary benefits

What will be an ideal response?


Knowledge management (KM) is the process of creating value from intellectual capital and sharing that knowledge with employees, managers, suppliers, customers, and others who need that capital.
KM benefits organizations in two fundamental ways:
• Improve process quality
• Increase team strength

Business

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A 2007 Nielsen study concluded that recommendations from consumers are the least trusted form of promotion

Indicate whether the statement is true or false

Business

Personal appearances and dress codes, processes and structures, behaviors and attitudes, and artifacts of the culture, such as awards, myths, and stories are all examples of

a. Observable culture b. Competing culture c. Unobservable culture d. Market culture

Business

Functional dependency OwnerID --> Type exists in the table VEHICLE

Indicate whether the statement is true or false

Business

Marketers create needs that offer unique motivations to consumers.

Answer the following statement true (T) or false (F)

Business