Question

Are KMs feasible for small and medium size business? If not, then what options do these organization have?

Answer 1

The Knowledge Management is feasible for the small and medium size business, the reasons are given below:

1. There are many knowledge management softwares in order to collate and maintain informations and datas relating to an organization. Small and mid size industries will be able to afford to buy these softwares and use them effectively.

2. Process oriented, knowledge management system is a process oriented approach where there would be designed work flows to save and use relevant informations.

3. MIS, the knowledge management involves a concept of management information system like storage of documents, contents and informations.

4. Training, an online e training can be provided to the employees with the help of knowledge management.