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Some knowledge management projects fail because employees don't know effectively execute a project. Managers must assist their employees to ensure that clients get what they need from each project.

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11y ago

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What decisions pertain to financial management?

Many decisions pertaining to financial management include how much risk to take on, what projects will make the most money and what interest rates are acceptable for the business. Financial managers make most of these decisions with a team.


Who said no one plans to fail but many fail to plan?

The quote "No one plans to fail, but many fail to plan" is often attributed to Benjamin Franklin, though its exact origin is unclear. It emphasizes the importance of preparation and strategic thinking in achieving success. The sentiment resonates in various contexts, underscoring that success typically requires careful planning and foresight.


How many small businesses fail within two years?

The reason most small businesses fail within two years is that they are under capitalized.


How many levels of management did you interact with?

Many people interact with two levels of management. They talk to their direct supervisor and then they talk to their manager's supervisor.


Why do most businesses fail in their first year?

Most businesses fail in their first year due to a lack of proper planning and market research, leading to insufficient understanding of customer needs and competition. Inadequate funding and cash flow management also contribute to their downfall, as many entrepreneurs underestimate the capital required to sustain operations. Additionally, poor marketing strategies and failure to adapt to changing market conditions can further hinder their chances of success.

Related Questions

How many locations does the knowledge management system have?

"Knowledge management system is not a company, but a ""theory"", so it does not have actual locations. However, there are many different applications of knowledge management systems."


What is turnkey project in project management?

A turnkey project is one that is very self contained and has almost no way to expand in scope or that has any dependencies. But this is also one of the fallacies in project management and why so many projects fail.


Why do many projects in developing counties fail?

lack of work they do not work for the country............


How can one improve their business and management knowledge?

There are many ways in which one could improve their business and management knowledge. One could read sites such as Forbes for information regarding business and management.


What are the advantages and disadvantages of knowledge management systems?

A knowledge management system can be useful in many different ways or strategies and practices. It is commonly used successfully in the Information Technology field and human resource management.


What is the knowledge of Knowledge Management?

Knowledge management deals with all the knowledge assets of the organization. It encompasses knowledge held at the individual and organizational level, and includes both useful and obsolete knowledge (i.e. knowledge that needs to be used/shared and knowledge that should be removed/changed). There are many ways to classify knowledge. A very common one is to make the distinction between explicit/codified knowledge and tacit/uncodified knowledge.


What kind of knowledge and skills you learn by working in management consulting?

I believe you will learn the skills and knowledge about management and leadership more plus the strategies on how to manage more effectively especially when you are handling many people in your organization or company.


How many times entrance exams of hotel management held in a year?

Type your answer here... hsc fail can do direct hotel mnagement course


What is the best knowledge management software that is free?

To my knowledge, the best free management software would be KDOC by Hazel Info Tech. They have many superb qualities that make this an amazing program, such as fast and easy creation and retrieval of archival documents.


Why do you think so many innovation projects fail to generate and economic return?

Insufficient capital needed to achieve economy of scale.


Why the value of knowledge is critical for business?

A business can't be ran without knowledge. The more you know will definitely lead to a more successful business. It depends on which business is being done: clothing, food, investments, etc. If you don't know anything about a specific business, that is when you must obtain knowledge. Food, marketing, customer service, micro or macro management...Many things to consider. Otherwise, you will fail. Unless you are naturally business savy I suppose. Good luck!


Why are smart goals important for project management?

SMART (Specific, Measureable, Agreed Upon, Realistic & Time Based) goals are required in order to provide focus and structure around specific project objectives that need to be accomplished. Many projects fail because of the lack of focus on the right things.