An aspect of KM that does not get much attention is awareness & agility.
More than improved decision making, more than increased problem solving, more than access to expertise - KM helps companies to be come aware of their environment, individuals to build connecting personal networks and teams to respond faster to external changes.
The OODA loop is one of KMs little known advantages. KM helps with recognition of new and important concepts, assists with context finding, making connections, vetting observations, ideas, theories and heuristics.
A sensitivity to discontinuous change, an ability to discover, discern and focus on emergent, important issues, a filter for sifting the significant and intuition for discriminating context.
Fast comprehension, compiled reactions, resolute activity, alertness and nimbleness in sense-making.