We are living in
a world of knowledge revolution today. Every organization and firm is now
heading towards a specialized branch of management called knowledge management.
Knowledge is something which is stored in the heads of individuals working with
in an organization.
Managing such
knowledge is a difficult task. However, organizations are able to manage knowledge
from their employees and are able to strategize this knowledge for enhancement
of employee performance and in turn the organizational performance.
One key aspect of
knowledge management is knowledge retention. Retaining knowledge and
knowledgeable employees in organizations is the need of the hour for every
business firm.
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