Yes. Knowledge management focuses more on the effectiveness more than efficiency. Knowledge management is multidisciplinary and draws on aspects of science, interpersonal communication, organizational learning, cognitive science, motivation, training, and publishing and business process analysis.
Knowledge management is a systematic process of harnessing and leveraging individual and collective knowledge available in the organization by connecting people to people and people to the knowledge and information they need to act effectively and efficiently to create new knowledge. The ability to share knowledge, ideas, perspectives, and solutions among collaborators, represents possibly the greatest strategic advantage any organization can achieve. Organization can move into the future with confidence, and will be mostly ahead of the market as decisions taken are based on a knowledge base.
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