Models of Knowldege Management Cycle Business & Marketing Term Paper (Term Paper Sample)

Models of Knowledge Management Cycle
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Models of Knowledge Management Cycle
Introduction
Knowledge management (KM) has increasingly become a pivotal element of success for companies for the last three decades. The advent of information technology since the early 1990s have created a business environment defined by information spread across the work. Further, globalization implies that companies need to establish markets beyond their countries where they are domiciled. Similarly, it is important for companies with global and domestic operations to improve the efficiency of their operations. Knowledge management helps companies achieve this outcome by providing a framework through which information can be transformed into knowledge.