One of the reasons that knowledge management is becoming more important and formalized is because the rapid pace of change is making it very difficult for people to maintain their skills through training alone.

Question

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The rapid pace of change, especially in technology and industry practices, means that skills can become outdated quickly. Knowledge management helps organizations capture, distribute, and effectively use knowledge to keep up with these changes and ensure employees have the necessary skills and information.

One of the Reasons That Knowledge Management Is Becoming More