Final answer:
Knowledge management is the function responsible for performance support, building expert networks, and leveraging organizational know-how. It focuses on managing human capital, technology, and physical resources to optimize organizational performance and foster economic growth.
Step-by-step explanation:
Performance support, building expert networks, and leveraging organizational know-how are key functions of knowledge management. Knowledge management involves strategies and practices used by organizations to identify, create, represent, and distribute knowledge. It improves an organization's efficiency and performance, focusing on the management of human capital, technological resources, and the effective use of organizational intellect.
Investments in human capital include upgrading the health, skills, or knowledge of the workforce, fostering a more educated workforce through training and development. This development is crucial in enhancing capacity for technological innovations and better utilization of physical capital. Organizations that adeptly manage and integrate physical plant and equipment with the skilled workforce can expect to see growth and improvement in their economic climate.