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Knowledge Management (KM) is the process of capturing, distributing, and effectively using organizational knowledge. By implementing KM strategies, organizations can improve efficiency, foster innovation, and ensure that critical knowledge is retained and shared among employees. This involves creating systems for knowledge sharing, building a culture of collaboration, and utilizing technology to store and retrieve information. Proper KM leads to better decision-making, enhanced employee engagement, and a competitive advantage in today’s knowledge-driven economy.
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