Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
importance of knowledge management and its importance to organization
desadvantages of knowledge management
desadvantages of knowledge management
Don’t take our word for it - see why 10 million students trust us with their essay needs.
According to our strategic guidelines, one of the main goals of the Transport Development Department is to provide technical knowledge and managerial expertise to Support Latin American and Caribbean countries in the process of creating effective transport policies and improving the implementation of transport projects. Additionally, 60 % of consultancies hired by the Department are directed to help our specialists create knowledge necessary for project execution and the publication of knowledge products. In contrast, only 38 % of our staff affirms to know where to find the information produced by their peers . Sharing know-how within and across organizations, through communities, is key to the work of development organizations (Bellanet International …show more content…
On the other hand, (Dalkir, 2011) suggests that it is not sufficient to share information, but that KM requires people to use other resources to add value to the information.
Most authors agree that KM most address both, Explicit knowledge and Tacit Knowledge. (Serrat, 2009) explains that while Explicit Knowledge contains formal information that can be systematically collected, classified and shared, Tacit Knowledge, is an implicit form of knowledge that people learn in their day to day activities, but is that usually formally written or register. In our department, the main forms of Explicit Knowledge are publications, consultancy reports, and project documents. Some examples Tacit Knowledge are a lesson learned from projects and operative knowledge developed during short-term
…show more content…
A CoP might be, for example, a group who specializes in Public Private Partnerships (PPPs) in the transport Sector.
Measuring the value of KM
It is difficult to assess the added value of KM because most of its benefits are not of monetary value. Nonetheless, you can do a cost-benefit analysis by classifying benefits into Tangible benefits, that can be quantified and tabulated, and reflect an immediate financial outcome and Intangible benefits, which can be analyzed by the qualitative improvements they can offer to operations. (BEI Consulting, 2003). Ultimately the qualitative improvement results in an enhancement of operational efficiency, and this in long term brings a monetary profit to organizations
Conclusion: Treat Knowledge as an
T.D. Wilson (2002) makes a point of identifying several sources of articles, references and course syllabi with varying takes on knowledge management within organizations. Wilson is convinced that organizations misuse the terminology “knowledge management” and that their activities are more concerned with managing information than with the management of knowledge (Wilson, 2002). Wilson defines knowledge as involving “the mental processes of comprehension” or, as “what we know” and information as the expression of what we know and can convey through messages (Wilson, 2002). By researching the use of the “knowledge management” Wilson conveys that the terms knowledge and information are used interchangeably, which results in an inaccurate application
From the last decade, the discipline of the Knowledge Management (KM) has a long foot development, which was established since 1991.(Sven C. Voelpel and Han, 2005) As the weight of the investment to KM system increasing, the researches of management to knowledge get more complex and integrate. The purpose of this report is to identify the current position on the KM of Siemens, and the recent KM effort within the industry. Furthermore, it will apply the model of Knowledge Management Value Chain to Siemens. In addition, the report will recommend a proper KM strategy to the Siemens group in order to improve the efficiency and performance. The conclusion will be mentioned in the last part of the report, including the limitation of the strategy.
But what is this “knowledge”? The dictionary defines knowledge as “facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.”1 However, the whole idea of knowledge differs from person to person. In todays world, knowledge is of many types and is very complex and variable. The two main types of knowledge are Personal Knowledge and Shared Knowledge. Personal knowledge refers to the knowledge one acquires by acquaintance and first hand experience. It is gained through practice, personal involvement and observation and is influenced by one’s circumstances, values and interests. One’s perspective is both influenced and contributes to one’s personal knowledge. On the other hand, Shared knowledge refers to the knowledge possessed by more than one person. It is clearly structured as it is a product of many people and has been agreed upon by many people. It is also influenced by the diverse cultures present within the communities and reflects the attitude of the society towards the different areas of knowledge.
In the application of both perspectives knowledge is perceived in two types which include tacit or implicit knowledge and explicit or objective knowledge (Hislop, 2013). In regards to tacit knowledge Hisplop (2013) described it as, "...knowledge which is difficult to articulate in an explicit form, is regarded as more informal, more personal and individualized, less rigorous and highly subjective, being embedded within the cultural values and assumptions of those who posses and use it" (p. 18). On the other hand, explicit knowledge is described by Hislop (2013) as being, "...expressed in formal and systematic language and shared in the form of data, scientific formulae..." (p. 18-19). Both types of knowledge according to Hislop (2013) are utilized differently by both the objectivist and practice-based perspective. The objectivist prefers the use of explicit knowledge and claims that both types of knowledge are separated from one another and believes that tacit knowledge can be converted to satisfy its process of codifying information to make it more transferrable (Hislop, 2013). The practice-based perspective, in contrast, believes that both types of knowledge are inseparable and work together to develop in part explicit knowledge bust most of all a system of management that focuses on activities involving both the mind and body (Hislop, 2013). These differences will undoubtedly generate both problems in challenges in the application of information management in an organization. The lead teacher position, due to the districts educational philosophy of generating and following a rigid curriculum, will consequently experience challenges leading teachers of practice-based perspective in an environment that follows an objectivist perspective in
In times of economic change it is important for companies to remain flexible and adapt in order to be sustainable. New theories of management have developed to tap into a company’s core competencies and give it the ability to shift its product offerings and stay competitive. One theory that has gained popularity is Knowledge Management. A 1997 survey of 200 large US firms found that 80% of corporations had initiated knowledge programs of management. Both corporations and non-profit entities have adopted knowledge management practices - Monsanto, Hewlett-Packard and BP as well as the Army, Navy and the World Bank. As Peter Drucker, who coined the term “Knowledge Worker”, wrote in his Managing in a Time of Great Change, “Knowledge has become the key economic resource and the dominant – and perhaps the only – source of competitive advantage.”
These benefits are best discovered and maximized if used in conjunction with KPIs. A KPI is a key performance indicator and they allow a company to measure and manage ...
Zack, M. H. (1999). Managing Codified Knowledge. Sloan Management Review, 40(4), 45-58. Retrieved 22 Sept. 2011, from http://web.cba.neu.edu/~mzack/articles/kmarch/kmarch.htm#body4.
Pasher, E., & Ronen, T. (2011). The complete guide to knowledge management: A strategic plan to leverage your company 's intellectual capital. Hoboken, N.J: John Wiley & Sons.
The use of knowledge is imperative for the daily work of a project as large as the Mzansi shuttle. The Mzansi shuttle project is a multinational project due to the various groups of people from different countries being involved in it such as the Nigerian and South African’s that form part of the Dangote enterprise. International organizations have a high intake and a high output of information. The value of knowledge sharing has been recognized by most international and supranational bodies of knowledge and as such they have set up information and knowledge management programs. Many organizations consider information management as part of their internal procedures and remain tacit about their activities which may be expected from a venture such as the Mzansi shuttle project. (Ringel-Bickelmaier & Ringel 2010)
"All media are extensions of some human faculty -- psychic or physical. The wheel is an extension of the foot; the book is an extension of the eye; clothing, an extension of the skin; electric circuitry, an extension of the central nervous system. Media, by altering the environment, evoke in us unique ratios of sense perceptions. The extension of any one sense alters the way we think and act -- the way we perceive the world."
Q1) there are four basic pillars to knowledge management, in knowledge management in order, to be successful all four pillars must be integrated and implemented within the company. The four pillars of knowledge management are Leadership, Organization, Technology, and lastly Learning. Each of these pillars plays a very important role in knowledge management because if a company does not implement one of these they might or might not be successful in the long run.
Knowledge is information and skills acquired through experience, awareness or familiarity gained by experience of a fact or situation. It can also be defined as justified true belief. All types of knowledge can be gained through direct experience by your own perception, memory, consciousness and reason. The different types of knowledge are personal, propositional, procedural and shared knowledge. These can come from sources like education, personal experiences, common or shared knowledge and knowledge of facts. The different sources
Over the recent years, we have been exposed to the importance of knowledge management. Generally, knowledge management can be defined as the process that involved identifying, capturing, evaluating, distributing, and effectively sharing and using knowledge (Koenig, 2012). It played a significant role in many organizations. Sandhawalia and Dalcher (2011) support by stating that many organizations realize that the effective use of knowledge assets and resources giving them the ability to innovate and respond to fast changing customer expectations as well as help support a range of critical operational and innovative activities.
“The tacit aspects of knowledge are those that cannot be codified, but can only be transmitted via training or gained through personal experience. Tacit knowledge has been described as “know-how” (as opposed to “know-what” [facts] and “know-why” [science] . It involves learning and skill but not in a way that can be written down. The simplest example of the nature and value of tacit knowledge is that one does not know how to ride a bike or swim due to reading a textbook, but only through personal experimentation, by observing others, and/or being guided by an instructor.”
Knowledge management is support to idea to companies and become the most valuable resource to help these companies. Knowledge management generates reposts that show the demanding of products, how effect employees are being, KM helps them share idea around the companies and show manger the best idea that will help the companies operates. Knowledge management is not something we thing of everyday but we will after we know about it what it really means. All companies us some type of training, experience and informal system of friends and employee. Knowledge management help us choose the right person to solve the issue is know their skill. All companies get operations done and become successful by aware of answers or perceptive what everyone does