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HomeHomework Helpbusiness-managementKnowledge Management

Knowledge Management

The process of creating, sharing, using, and managing knowledge within organizations to achieve competitive advantage and success in a globalized market, characterized by increased competition, technological innovation, and complexity

intermediate
3 hours
Business Management
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Overview

Knowledge Management in a globalized economy is essential for organizations to thrive in a competitive landscape. It involves capturing and sharing knowledge across borders, which enhances innovation and efficiency. By understanding cultural differences and leveraging technology, businesses can crea...

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Key Terms

Knowledge Management
The process of capturing, distributing, and effectively using knowledge.

Example: Companies use knowledge management to improve efficiency.

Globalization
The process by which businesses develop international influence.

Example: Globalization has led to increased competition.

Cultural Awareness
Understanding and respecting cultural differences.

Example: Cultural awareness helps in international negotiations.

Information Systems
Systems used to collect, store, and process data.

Example: Information systems support decision-making in businesses.

Collaboration Tools
Technologies that enable teamwork and communication.

Example: Tools like Slack and Zoom facilitate remote collaboration.

Data Analytics
The science of analyzing raw data to make conclusions.

Example: Data analytics helps businesses understand market trends.

Related Topics

Global Business Strategies
Explores strategies for competing in international markets.
intermediate
Cross-Cultural Management
Focuses on managing teams from diverse cultural backgrounds.
intermediate
Digital Transformation
Examines how technology changes business operations.
advanced

Key Concepts

Knowledge SharingGlobal CollaborationInformation SystemsCultural Awareness