Knowledge Management within Accenture is going a step beyond connecting people to people. They allow agencies to collaborate more effectively by connecting people to knowledge and knowledge to knowledge. Knowledge management previously had two stages, but as time went by a third stage was developed and these are:
Stage One
The first stage of KM was driven fundamentally by information technology.
Organization especially the vast international consulting ones- -understood that their stock in exchange was information and knowledge, that regularly the left hand had no clue what the right hand knew, and that in the event that they could share that knowledge, they could abstain from reevaluating the wheel, underbid their rivals and make more profit. At the point when the Web developed, …show more content…
Here are some of the advantages of knowledge management.
It enable better and faster decision making by conveying important information at the season of need through structure, search, membership, syndication and support, acknowledge management environment can give the premise to using sound judgment.
It makes it easy to find relevant information and resources when you need it, so that you can solve the problems, respond to customers, analyze trends, assess markets, understand competition, create new offerings, plan strategy efficiently and effective.
Other advantages of KM is reusing ideas, documents and expertise if and when necessary. KM also helps avoid redundant efforts and avoid making the same mistake twice. KM allows the organization to communicate important information widely and quickly and makes scarce expertise widely available. It also helps stimulate innovation and