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Importance of communicating the business value of knowledge management within an organization
Write a brief paragraph based on your understanding about Communicating the Business Value of Knowledge Management as highlighted in video https://youtu.be/r2J1aOwAEmE Explain Three important barriers to effective knowledge sharing as highlighted in the video
Sample Answer
The video emphasizes the importance of communicating the business value of knowledge management within an organization. Effective knowledge sharing is crucial for the success and growth of any business. Three significant barriers to effective knowledge sharing highlighted in the video are:
1. Lack of Executive Sponsorship: One of the barriers mentioned is the absence of strong executive sponsorship. Without support from credible and recognized leaders within the organization, initiatives related to knowledge management may not receive the necessary attention, resources, or legitimacy to succeed.
2. Urgency vs. Importance: Another barrier discussed is the challenge of prioritizing knowledge management amid other urgent matters. Often, individuals working on immediate and pressing tasks may not perceive knowledge management as a top priority, leading to neglect or lack of investment in sharing and preserving valuable organizational knowledge.
3. Organizational Inertia and Complacency: The video also points out the barrier of organizational inertia and complacency. When employees and leadership become comfortable with existing practices and resist change, it hinders the adoption of new knowledge management strategies that could improve efficiency and effectiveness in the long run.