Knowledge Management Theory

Knowledge Management Theory involves the structured process of capturing, sharing, and utilizing organizational knowledge to improve efficiency and innovation. It emphasizes creating systems and cultures that facilitate the effective flow of information and expertise among individuals and teams. By doing so, organizations can leverage their collective knowledge to make better decisions, retain critical skills, and adapt more quickly to change. Essentially, it’s about ensuring the right knowledge is accessible to the right people at the right time, enabling continuous learning and sustained competitive advantage.