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The Importance of KM in Any Industury

Knowledge Management is the deliberate and systematic coordination of an organization’s people, technology, processes, and organizational structure in order to add value through reuses and innovation. This value is achieved through the promotion of creating, sharing, and applying knowledge as well as through the feeding of valuable lessons learned and best practices into corporate memory in order to foster continued organizational learning. Recording valuable Knowledge Management is proven to be successful in the long run to any organization. If a company records a process for future use it will help the next generation keep the company alive. Future generations will be able to have access to the information to improve upon it. In addition, it is also vital that members of the organization be willing to share information with each others. They must learn how to be team players and work together productively to achieve the goal of the company.