The value of KM is to make people work together, think together and control the business together, so it is highly people-based.Workers should share their knowledge with others and even create value added benefits to make it better. Knowledge management (KM) comprises a range of strategies and practices used in an organisation to identify, create, represent, distribute, and enable adoption of insights and experiences. (Anon., 2013) KM is making world escape from industrial work and begins working with minds, so knowledge is becoming the key performance and its importance is increasing. Every job that people are doing, needs knowledge but they differ from each other. There are two types of workers: Knowledge workers and routine workers. Knowledge workers should focus on their knowledge based and theoretical job. Their intellectual and creativity level is high while routine ...
... middle of paper ...
... order to make employees daily work better and full of will to work with other people.
In the conclusion, nowadays most of the companies are knowledge based and KM is most valuable and precious thing they ever can have. So it is important employees to share their experience to each other. Transfer KM without any problem. There must not be any personal conflicts but only task-based which only bring more ideas and experience in the workers. Leaders should help hired people to reach their personal and company’s goals. And finally, there must be suitable atmosphere and situation for employees to work without any problems and challenges that has to be managed by the head managers.
Anon., 2013. Introduction to Knowledge Management. University of North Carolina.
Hislop, D., 2013. Knowledge management in organizations. Third ed. Oxford University.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- A Deming type of organization will heavily rely on effective and knowledgeable management. Transforming health care organizations from the common management into Deming’s organization is a matter of knowledge acquisition. Deming argues that even the most consistent and best of efforts will bring no improvements. He asserts that if such efforts are not guided and accompanied by knowledge will worsen the state firms are currently in. He strongly alludes that what is most need is purely knowledge. Nothing can substitute that.... [tags: Management, Knowledge, Health care, Term]
2134 words (6.1 pages)
- INTRODUCTION This paper reflects on an article about the integration of knowledge management system and CRM solution, its benefits and downside. In general a critical evaluation of how this relates to my understanding of the theoretical concepts of knowledge management, how KM creates value to organizations and its impact on business models. The article discusses the challenges of integrating Knowledge Management Systems and technologies and why organizations should look into reviewing their business models to balance and maximize the value of integrating KM systems and technologies.... [tags: organizations and business models]
1029 words (2.9 pages)
- Nowadays, knowledge management plays a critical role in contribution to an organization’s success. It became increasingly important factors in competitive world. In order to be successful in challenging organizational environment, the organization not only creates and applies new knowledge and experiences, but also learns from its past errors and reuses the knowledge efficiency. In this case, knowledge management is not intended to replace individual knowledge, yet complement it by making it stronger, more coherent and more broadly applied.... [tags: Knowledge management, Knowledge, Management]
735 words (2.1 pages)
- 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).... [tags: Management, Knowledge management, Organization]
819 words (2.3 pages)
- Knowledge Management Hislop (2013) pointed out that as one investigates the nature of knowledge management, it becomes clear that there is an inconsistency in how it is defined. Just as there are many types of organizations so too are their different processes for capturing and sharing knowledge in the modern workplace. Even in my own organization, there are differing opinions about the nature of knowledge management. Some believe knowledge management may be managed by succession planning and rotational assignment where knowledge is cultivated and shared.... [tags: Knowledge management, Management, Knowledge]
1080 words (3.1 pages)
- Anyone recognizing James Wolfensohn, the former World Bank president, in 1998 has been surprised by his decisions of budget for knowledge management. Creating a USD 55 million budget for knowledge management for fiscal in 1998, 3% of the bank 's entire administrative budget, Wolfensohn had come under a cloud of suspicion (Watson, 2007). However, the world-class knowledge management system captured and organized the institution’s knowledge and made the knowledge more readily accessible to the staff, clients and partners (Watson, 2007).... [tags: Knowledge management, Knowledge, Tacit knowledge]
742 words (2.1 pages)
- Introduction Every day the information and knowledge management take more power in the organizations. Factors such as globalization, innovation, and sustainability in highly competitive markets accelerate the shift towards new organizational schemes. The knowledge management (KM) enables organizations to see the collective knowledge as a base element of innovation. This is possible through information and knowledge tools that provide environments to share the knowledge among employees and cooperative partners.... [tags: Knowledge management, Knowledge, Tacit knowledge]
2125 words (6.1 pages)
- Introduction Knowledge has become a key resource in the present information and knowledge era. Knowledge management is a concept that has emerged explosively in business organizations during the 20th century. The application of knowledge management has now spread to other organizations as well including academic libraries. Knowledge management has been regarded as strategically important for organizations to gain a competitive advantage over their competitors, to add value to their products and to win greater satisfaction from their customers.... [tags: Knowledge Management ]
1930 words (5.5 pages)
- This paper discover about application of knowledge management in process performance in organization. An experience of applying technology of appropriate results in improving operational management is important. In order to measure the success of process performance consistently, the organization have to use different features in each knowledge management presentation. They have to change the practices to be more responsive so some improvements of the process are require, which focus on quality, time, speed, reliability and reducing the production cost.... [tags: Knowledge Management ]
759 words (2.2 pages)
- Strategic Importance of Knowledge Management Today the world has more and more of free flow of information leading to transfer of knowledge from a person or an organization to others. Whereas this invariably leads to faster development, it also impacts the competitive advantage held by the innovators of processes or technology. It has therefore become strategically important for one and all in business to understand the knowledge, processes and controls to effectively manage the system of sharing and transferring the information in the most beneficial fashion.... [tags: Philosophy Knowledge Management Essays]
6446 words (18.4 pages)