Preview

Knowledge Management

Good Essays
Open Document
Open Document
795 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Knowledge Management
KNOWLEDGE MANAGEMENT
Knowledge management is a process of transforming information and intellectual assets into enduring value.
Knowledge Management has two type:
1. Tacit Knowledge
Highly personal, means the knowledge is unrecorded and unarticulated and it’s hard to formalized and therefore difficult, if not sometimes impossible to communicate.
2. Explicit Knowledge
Formal and systematic, and can be easily to communicated and share, for example in a book or a database in a library.
Knowledge Hierarchy, to transfer tacit knowledge to explicit knowledge we need to use Human Resource Management.
WISDOM
easier to access KNOWLEDGE
MANAGEMENT
DATA
We need knowledge management to reacting to new business opportunities and to build brain sensitivity to brain drain. So that we could create, transfer and apply knowledge with the purpose of better achieving objectives. Because knowledge is really important to achieve the goals.
What forces us to have knowledge management first is increasing in Domain Complexity means that is intricacy of internal and external processes, increased competition, and the rapid advancement of technology all contribute to increasing domain complexity. Second is Accelerating Market Volatility means that the pace of change, or volatility, within each market domain has increased rapidly in the past decade. Third is Intensified Speed of Responsiveness means the time required to take action based upon subtle changes within and across domains is decreasing. And the last is Diminishing Individual Experience means it’s like a high employee turnover rates have resulted in individuals with decision-making authority having less tenure within their organizations than ever before.
Roles of knowledge management workers is analyzing data to establish relationships, assessing input in order to evaluate complex or conflicting priorities, identifying and understanding trends, making connections, understanding causes and

You May Also Find These Documents Helpful

  • Best Essays

    Jennex, M.E. (2005). “What is Knowledge Management?” International Journal of Knowledge Management, 1(4), pp. i-iv.…

    • 3515 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Since the mid-1990s, knowledge management has become increasingly significant for business managers and companies. ‘It is broadly accepted that systematic knowledge management is tightly linked with gaining and sustaining competitive advantage.’ (Bogner & Bansal, 2007, p658-6 as cited in Hislop, 2009, p1) The definition of knowledge management is various because of the wide range of this concept and its complexity (Al-Hawamdeh, 2003). For example, the broad definition provided by McAdam and McCreedy (2000, p155 as cited in Hislop 2009, p53) note that: ‘KM relates to the management of anything classified as knowledge’ Furthermore, Hislop (2009, p59) suggests that: ‘Knowledge management is an umbrella term which refers to any deliberate efforts to manage the knowledge of an organization’s workforce, which can be achieved via a wide range of methods including directly, through the use of particular types of ICT, or more indirectly through the management of social processes, the structuring of organizations in particular ways or via the use of particular culture and people management practices.’…

    • 1109 Words
    • 4 Pages
    Better Essays
  • Best Essays

    McKinlay, A., 2002. The limits of knowledge management. New Technology, Work and Employment, 17(2), pp.76–88.…

    • 2359 Words
    • 10 Pages
    Best Essays
  • Best Essays

    In order to create, develop and extract value from knowledge and information, the right operational and strategic processes are needed to put into place. Knowledge management leads to structure and management methods based upon idea sharing thus giving voice to customers, workers and partners. From the organizational perspective, the objectives of exploiting information and knowledge resources should aim to support the effective utilization of knowledge in every company. Generate new knowledge, access valuable knowledge from outside sources, use knowledge in decision making, embed knowledge in processes, products, and services; represent knowledge in documents, databases, and software; facilitate knowledge growth through culture and intensives, transfer existing knowledge into other parts of the organization, and measure the value of knowledge assets and/or the impact of knowledge management.…

    • 1899 Words
    • 8 Pages
    Best Essays
  • Best Essays

    Knowledge management has assumed an important role in the organisational context in the current times. Warner (2008) has rightly emphasised the importance of knowledge sharing and transfer in determining the efficient functioning of an organisation. In the current era of increasing…

    • 2964 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Knowledge Management

    • 2695 Words
    • 11 Pages

    "Knowledge management is the set of practices aimed at discovering and harnessing an organization 's intellectual resources. It 's about finding, unlocking, sharing, and altogether capitalizing on the most precious resources of an organization: people 's expertise, skills, wisdom, and relationships. Knowledge managers find these human assets, help people collaborate and learn, help people generate new ideas, and harness those ideas into successful innovations" (Bateman, 2004, p.8-9). One of the most important factors of change in management is the growing need for good, new ideas. Knowledge management is an approach that allows people to produce change. It 's bringing people together and collecting ideas from the group that can provide further success for the company and personally for the employees. A new idea can produce growth and motivation within a company. If the employees and the company as a whole come together and grasp a new idea, it ultimately can lead to new inventions of products and services. (Lineman, 2004.)…

    • 2695 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Knowledge is something that comes from information processed by using data. It includes experience, values, insights, and contextual information and helps in evaluation and incorporation of new experiences and creation of new knowledge. Knowledge originates from, and is applied by knowledge workers who are involved in a particular job or task. People use their knowledge in making decisions as well as many other actions. In the last few years, many organizations realize they own a vast amount of knowledge and that…

    • 2575 Words
    • 11 Pages
    Good Essays
  • Good Essays

    As you are aware, Accenture Knowledge Management team is getting ready to launch the new Knowledge exchange. Due to the increase in demand for KM, our team is emphasizing on improving our current knowledge management system. But in the past few years, with tough economy, KM is seen as low priority. With pressures to move the KM to offshore, there is 30% decrease in KM workforce. In these economic conditions, it’s my responsibility as KM manager to demonstrate the value for investments made on KM initiatives.…

    • 786 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Nick Finck, Mary Hodder, and Biz Stone, 2005, What is Knowledge Management?,viewed 21 April 2013…

    • 3544 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    Neef, D. (1999). Making the case for knowledge management: the bigger picture. Management Decision, 37(1), 72-78.…

    • 2528 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Knowlegde management

    • 1507 Words
    • 22 Pages

    References: Constant, D., Kiesler, S., & Sproull, L. (1994). What’s mine is ours, or is it? A study of attitudes about…

    • 1507 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    The definition does indicate that knowledge management is done to share business expertise, and therefore it can be assumed to have a business perspective. However, the definition also gives a generalized picture that portrays that knowledge management is both the management of information and management of people with the help of tools, techniques and strategies. Although, the definition considers most aspects of knowledge management, the definition still lacks the focus on its suitability. The definition is made broadly to generalize all aspects of knowledge management, and therefore cannot be used in practical and it just remains to be useful for theoretical…

    • 3363 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Organisation directors need direction in where to direct change endeavours in their knowledge management work. To legitimise the time and cash spent on knowledge management system and to evaluate its prosperity, an organisation needs to have estimation situated society. One of conceivable estimations is "knowledge loss hazard evaluation". The length of organisations danger losing their insight like losing their workers, any exertion in catching their aptitude is sure to have some long haul esteem (Birzniece, 2011; Müller, 2014).…

    • 1681 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    8u0-8

    • 6635 Words
    • 27 Pages

    We dedicate our research to our beloved parents, who always helped us in taking each step towards each step towards success, and who made it possible for us to be what we are today!…

    • 6635 Words
    • 27 Pages
    Powerful Essays
  • Good Essays

    Kavya Project

    • 12696 Words
    • 59 Pages

    Knowledge Management can be defined as “a systematic process of identifying, capturing and transferring information and knowledge to help make best decision, exploit business opportunities and innovate”. It basically aims to bridge the gap between ‘what an individual knows and what he/she needs t know’ and ‘what an organization knows and what is needs to know’.…

    • 12696 Words
    • 59 Pages
    Good Essays