"In today's complex business landscape, the concept of Knowledge Management (KM) has emerged as a critical factor in organizational success. Discuss and evaluate the significance of Knowledge Management in fostering innovation, competitiveness, and sustained growth within organizations. 

Analyze the core components of Knowledge Management, including knowledge creation, capture, sharing, and utilization, and their impact on organizational learning and decision-making processes. Explore the challenges faced by organizations in implementing effective Knowledge Management strategies, such as information silos, knowledge hoarding, cultural resistance, and technological barriers. 

Investigate the role of technology and digital platforms in facilitating Knowledge Management initiatives, including the use of knowledge repositories, collaborative tools, and artificial intelligence for knowledge extraction and analysis. 

Furthermore, examines how effective Knowledge Management practices contribute to improved customer service, reduced redundancy, and strategic decision-making. Finally, propose actionable strategies and best practices for organizations to develop and sustain a robust Knowledge Management framework, fostering a culture of knowledge sharing, continuous learning, and innovation in a rapidly evolving business environment"