Time management is another key to innovation and the growth of knowledge. Many organizations and companies spend a lot of time developing new products, manufacturing a product, providing services, or selling their product, but little time is invested in creating , managing, and sharing knowledge. This ironic considering a wealth of knowledge can lead to new and bold innovations in their field. Investing time in knowledge management does not have to be done on top of existing tasks by an organization but can be done simultaneously which saves time and reduces the need for extra resources.
But investing time in knowledge management does not have to be done alone because it could be more taxing on an organization. It can be done as a collaborative effort with other organizations with an invested interest in the same area.
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