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These activities can be executed by a proportionate mix of technology, organizational structures, and strategies that will help to transform the existing knowledge into a new knowledge. Most important thing in this task is to update the cognitive system i.e. organization, human, computer, or joint human-computer system in order to acquire, store and utilize the knowledge for learning, problem solving, and decision making. KM success depends on not simply identifying the lessons, but actually implementing them on the next occasion (Wilson, 2002).
We can find that now-a-days most of the organisations are developing their information systems that will encourage sharing and consolidation of knowledge...
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