You are the CIO of a reputable, medium-sized professional service organization (e.g., consulting firm, accounting practice, law firm), which due to severe market conditions has faced an increased and unprecedented turnover. The turnover has been particularly high in managerial and specialist positions. In this context, discuss the benefits and challenges associated with implementing a knowledge management initiative into your organization. Hint: think like you are justifying such initiative to top management. Ensure you state your assumptions as part of the answer