The documented CoP benefits include:
Hard Cost Reductions
- Easy distribution of digital content
- Reduced duplication
- Elimination of geographical barriers and time zones
Improved Information Sharing
- Automatic creation of central knowledge repository
- Timely dissemination of content
Enhanced Communications
- Ability to share best practices
- New opportunities created through peer interaction
- Greater effectiveness - compelling, interactive medium
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Knowledge management's perceived value by U.S. corporations is based predominantly on a major strategic imperative to say competitive, according to a study conducted by the Gartner group.
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