Organizational Knowledge Management Theory and Application Management theories help managers succeed in advancing the company goals. Knowledge management is one of the theories. Knowledge management is the management of corporate knowledge and intellectual assets; furthermore, knowledge management adds value to an organization by enabling an enterprise to act more intelligently (Gupta et al., 2002). Koenig, (2012), defines knowledge management theory as a “discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise's information assets”. He goes on to say, “these assets may include databases, documents, policies, procedures, and previously un-captured expertise and experience in individual workers" (Koenig, 2012, para 4).
(a) What is the relationship between organizations and innovation? The research is aimed at defining the relationship between the two concepts that is innovation and organization, the concept innovation can be acquired and exploit by many organizations to achieve superior value. Mobbs C (2010), outline different definition constituting to innovation, one of the definition as stated by UK department of trade and industry (2004) defines innovation as “successful exploitation of new ideas”, Michael Porter (1990) further defines innovation as “A nation competitive advantage“ therefore innovation can be broadly defined and observed as a vital approach to achieve organizational goal and competitiveness. (Oxford dictionary;2005:1030) defines the concept organization as a group of people who form a business together aiming at achieving a particular goal. Pakistan Journal of Psychological (2013) research studies reveals that innovation has a direct bearing on organization effectiveness, The journal further express the definition effectiveness as provide by Andersen (2006) as a degree to which an organizational achieve its goal.
As a Business Improvement Manager the aim is to drive implementations strategically, with top management visibility and the use of consistent and standardised project management practices and to deploy these competencies with the goal of maximising organisational value. There is an opportunity in the delivery of projects for organisations to add value to better serve their clients and compete in the marketplace. To use the influence of relationships to have active and engaged sponsors who serve as advocates for project initiatives that lead the organisational change towards business excellence. The change management foundation model “requires leadership to set direction, project management to take care of technical aspects of change and people to implement the change, cited in Vora (2013). Within the business improvement role establishing key success measures that ... ... middle of paper ... ...Institute.
A sustaniable human resource management uses various methods and tools to create a global worksforce that trusts the organization and its strategies towards the global sustainability. They ensure that the employees has enough skills and values for implementing sustainability initiatives, and are they motivated properly to achieve the triple bottom line. There are various ways in which human resources can impact corporate social responsibility and triple bottom line. Some of those include proper staffing strategies, training and development on sustainable practises and strategies, motivating employees, provide attractive remuneration, conduct performance appraisals, maintain good labor
Section One Strategic human resource management (SHRM) is a tactical method for the management of an organisation’s human resource function in line with organisational goals and objectives. SHRM enhances these functions by linking the traditional human resource practices to business strategy and the realization of organisational goals in order to enable the organisation to achieve a competitive advantage. Importance of SHRM in Organisations According to Wei (2006), properly designed and executed SHRM can facilitate the achievement of organisational goals. Clearly set goals of an organisation require the dedication of all the organisation’s employees. It is the duty of the human resource department of the organisation to identify the business sectors that require human resource expertise.
Therefore, the relationships in various leadership concepts such as styles to conflict management are assessed. According to (Northhouse 2009, p.2), leadership is the way by which a person influences others; in order to meet certain predetermined goals. The author also points out that, leadership involves control of an entity in a cohesive as well as coherent manner. As discussed in (Michel, Kotrba, Mitchelson, Clark and Bate 2011, p.689-725), good leadership facilitates operation stability in organizations, and make interactions among employees hospitable. Further, (Greenhalgh 2001, p.20-35) contends that, leadership represents the current manifestation of management’s commitment to employee performance.
Question one: Co-creation activities Co-creation activity refers to the emerged or co-operate as a business between company and end users. Customer or end users could be involved in the design and development of personalized product process, services, and experience (Marko Seppa and Stoyan Tanev, 2011). It is a form of business strategy that emphasizes the generation and ongoing realization of mutual firm-consumer value. Interacting with the customers in different function can be result in risks and benefits for innovation. Innovation is about the successful exploitation of new ideas.
According to Porter’s article, revolution on information technology (IT) affects competition by changing the alignment of the industry and rules of competition. This makes competitive advantage in ways for companies to exceed their competitors and bring businesses in place. IT spread all through the value chain, which are activities performed in business at a low cost, and helped perform optimization functions for companies. This allowed the capture of information that wasn’t accessible before. The value chain are activities that have physical and information processing components.
Alhamoudi 2010 Knowledge Management is the strategic application of integrated managerial strategy, which combines the explicit (IT) and tacit (people) knowledge with organizational process to create, store, share, and apply knowledge assets from the different sources (internal and external) of knowledge to make the right decisions in order to gain the strategic objectives. There are many motives that lead organizations to adopt the knowledge management model, Kaur et al., 2012 shown examples of these motivations like enhances the creation and sharing of tacit knowledge, improves internal collaboration, share best practice, provide competitive intelligence and it is considered as a source of sustained competitive advantage. King, 2009
Business Process Management (BPM) is a systematic approach of attaining organization’s goals through improving its management and controlling essential business processes (Jeston and Nelis, 2008). A business process is a set of activities that help in accomplishing specific organizational goals. One of the aims of BPM is to trim down human fault and miscommunication as it can be seen in Mike’s Dynatrix Pty Ltd business. It is a detachment of infrastructure management, which is concerned with maintaining and optimizing an organization’s equipment and core operations. It is important to note that business process management entails analysis, modeling, design and measurement of an organization’s workflow and is technology enabled.