Why is knowledge management an important aspect of an organization's competitive advantage?
A) It enables managers to eliminate unnecessary knowledge acquisition.
B) It supports knowledge creation and sharing for contingent employees.
C) It acts as a repository of knowledge from which other employees may benefit.
D) It utilizes explicit and tacit knowledge in the production of requests for proposals.

Question

Quizplus · Accepted Answer

Knowledge management allows an organization to collect and organize information from various sources into one centralized location, making it easily accessible to employees. This makes it easier for employees to access relevant information and make better decisions. Additionally, having a repository of knowledge can be a valuable resource for training new employees and keeping existing ones up to date on industry trends and best practices. This can give the organization a competitive advantage by enabling it to make better, more informed decisions more quickly than competitors.

Why Is Knowledge Management an Important Aspect of an Organization's