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Importance of knowledge management and its importance to organization
The strategic importance of knowledge management within the organisation
The strategic importance of knowledge management within the organisation
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In recent decades, the importance of knowledge management to an organization has been recognized by the society, and leaders are more likely to introduce it into the management systems of their organizations, yet Wang and Noe (2010) claimed that the success of knowledge management initially depended on knowledge sharing, which was the fundamental of communication between employees. Hence, these questions will be aroused that what can influence knowledge sharing and how it can be influenced. This paper will have a comparative review of two published studies, which are Knowledge sharing in a multi-cultural setting: a case study (Ford & Chan, 2003) and Knowledge sharing and team trustworthiness: it’s all about social ties! (Wang et al., 2006), both authors have answered the questions ahead on the basis of their studies. But while both of them give us explicit conclusions and generally support that knowledge sharing has a connection with social relationship, there are clear differences in the approach each takes to the study. Dr. Dianne P. Ford, who has published in the Handbook on Knowledge Management, illustrates a result that cross-cultural difference is an obstacle to share knowledge and there is a slight difference between intra-cultural knowledge sharing and inter-cultural knowledge sharing using case study and data analysis. (Ford & Chan, 2003) Dr. Wang and his colleagues seem to be more interested in the relationship between knowledge sharing and trust. They use the same methodology with Dr. Ford in the course of research to claim that trust plays an important role in knowledge sharing, but it also can be substituted by social tie and network in some specific context. (Wang et al., 2006) This paper is organized as follows.... ... middle of paper ... ...g the view that when people meet a person they are not familiar with, they won’t talk too much, so there is little knowledge sharing. Unless after a while, a belief relationship built between them, they will share more knowledge. A social tie or network, I think, is only a bridge to bring people to meet others, but have not reached the high level of substituting trust. Same with Ford and Chan, Wang et al. also use case study methodology and data analysis. But unlike the previous who choose the best site for the research, they use Wang’s working place, a technology research and development institution in Taiwan as the study site. (Wang et al., 2006) Therefore, all the study is about the knowledge sharing within an innovation team, which is a certain component of the whole organization or the society, greatly limits the scalability and extensibility of the results.
Zhihong, L., Zhu, T., & Fang, L. (2010, April). A study of the influence of organizational climate on knowledge-sharing behavior in IT enterprises. Journal of Computers, 5(4), 508-513.
It takes those who have innovation in their hearts to drive them towards this goal. It is important that staff on the units take time to assess innovators and brain storm areas in which they can empower and motivate the others to follow. The culture and environment of units must be that of being willing to be open to change and new ideas so they can be assessed during initial meetings.
Mishra, A.K. (1996). Organizational Responses to Crisis: The Centrality of Trust. In R.M. Kramer and T.R. Tyler, eds., Trust in Organizations.' Frontiers of Theory and Research. Thousand Oaks, California: Sage, 261-287
Social capital is about the worth of social networks, bonding similar people and bridging between diverse people, with norms of reciprocity. (Jenkins, 2002). The existence of a network or connections is necessary in order to maintain useful relationships that can provide material or symbolic profits. According to Bourdieu, every social class has a Habitus which is a set of unspoken rules, tastes and classifications.
According to me, the claim that shared knowledge is better than personal knowledge does hold true for majority of the time because no matter how smart one person is, a group of people would always have more knowledge to contribute than one person would. Since shared knowledge is possessed by many peopl...
To start my answer related to trust, I would like to start with few quotes that shows the power of trust like, “without trust we don’t truly collaborate, we merely coordinate or at bets cooperate. It is trust that transforms a group of people into a team “- Stephen M.R Covey
Engendering trust is an important factor for organizational success and the welfare of its employees; however, encouraging and maintaining trust can be difficult and demanding at times. Trust is essential to an effective team. A team lacking trust isn't really a team at all, it's just a group of people who work together. They unsuccessfully communicate with one another effectively, fail to share important information, and they often don't cooperate or work well with one another. As a result, they are not cohesive, nor do they collaborate efficiently as a group.
...ad, we can communicate with more people and try new things to find social groups. These new bonds may be less solid, but they still have a great impact on our lives and how we do business with each other. Since we have so many connections the importance of a single connection has deflated, but not the need for connections as a whole.
With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of Knowledge Management methods, companies can achieve a competitive advantage through managing the immense amount of information available (Balanced Scorecard Institute, 2002).
Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009
In conclusion, we feel as if we built trust in our team. Seeing as how we’re leaders in our own way, we each created a culture of trust among ourselves. Once we got to know each other personally and shared some personal information about ourselves, our families, hobbies, and other interests, that’s when we started to develop a bond and all the trust built up between us. And this paper assessed our group’s 3-5 major strengths and weaknesses and what successful strategies we hope to add to our team to build a more effective team in the future. Thank you for reading.
Social Network theory dates back to the 1950’s where Barnes (1954) is credited with coining the term. Social Network Theory is the study of how the social structure around a person, group, or organization affect beliefs or behaviors (Dunn, 1983) The theory views relationships in terms of nodes and ties. Nodes can be defined as individual actors within networks, while ties are the relationships between the actors. (Dunn, 1983). These nodes and ties are often displayed in a diagram which shows the connection between them. Unlike traditional sociological studies, Social Network Theory does not assume that it is the attributes of individual actors, but rather the attributes of the individual are less important, but rather the relationships and ties with other actors within the network is what is important.
Organizations use teamwork because it increases productivity. This concept was used in corporations as early as the 1920s, but it has become increasingly important in recent years as employ...
An innovation that works for one organization can be detrimental to a different organization. Therefore, the best practice for managing technological innovations, varies depending on the type of organization in question. A best practice that can be used by all organizations is the concept of open innovation.
...ceive a large cash bonus or other substantial prizes, however some researchers disagree that the Extrinsic Rewards is the best and final way to end the sick leave pandemic that is currently hitting Australian businesses. Many scholars and practitioners claim that motivational influences can assist successful knowledge sharing. Based on a survey of 172 employees from 50 large organisations, this study applies the structural equation modeling approach to investigate the research model (Lin, 2012, p. 26). The results showed that motivational aspects such as shared benefits, knowledge self-efficacy, and pleasure in helping others were significantly associated with employee knowledge sharing stances and purposes. However, predictable organisational rewards did not considerably affect employee attitudes and performance aims regarding knowledge sharing (Lin, 2012, p. 26).