________ is the process of using intellectual capital for competitive advantage.
A)Evidence-based management
B)Knowledge management
C)Quantitative analysis
D)Total quality management
E)Scientific management

Question

Quizplus · Accepted Answer

Knowledge management involves identifying, creating, sharing, and effectively utilizing knowledge and information within an organization for competitive advantage. This can include strategies for capturing and retaining institutional knowledge, promoting collaboration and knowledge-sharing among employees, and leveraging technology to support these efforts. Evidence-based management involves the use of data and research to inform decision-making, quantitative analysis focuses on the use of mathematical and statistical methods to analyze data, total quality management is a systematic approach to improving quality and performance in all areas of an organization, and scientific management is a management approach that focuses on optimizing efficiency and productivity through the use of standardized processes and techniques. While all of these approaches may be relevant to enhancing organizational performance, knowledge management specifically prioritizes the effective management and utilization of intellectual capital.

________ Is the Process of Using Intellectual Capital for Competitive