Organizational knowledge refers to the collective information, skills, and experiences that an organization possesses. This knowledge can include processes, best practices, and insights gained from past projects. It is essential for decision-making, problem-solving, and improving efficiency within the organization.
Effective management of organizational knowledge involves capturing, sharing, and utilizing this information among employees. Tools such as knowledge management systems and collaboration platforms can facilitate this process, ensuring that valuable insights are not lost and that team members can learn from one another.