Knowledge Management

Given the dimensions of knowledge management within an organization – it is not surprising at all different ways of defining knowledge management or KM read, because it is called.

Before proceeding, it would be imperative to define the word "knowledge" in himself. Knowledge basically refers to a collection or a body of information ". This could mean that the information is embedded in the form of theories,Processes and systems, or it could be expressed in the form of opinions, theories and analysis.

In the discussion of knowledge management within an organizational context – it would mean the management of the information know-how in terms of employees and organizational performance. This would include knowledge as an explicit economic activities, which reflects the Company's business strategy, policy and practice at all levels.

Keep in view of theabove, we define knowledge management as an economic activity that attempts to build on this to be a direct connection between the intellectual capital of an organization – whether in the form of employees (tacit) or in terms of record (explicit). How Knowledge Management provides the critical issues of an organization trying to adapt to survive and competence in the increasingly sporadic changes in the environment. In essence, it means comprehensive organizationalProcesses, seeking a synergy between a combination of data and information processing capacity of information technologies ( and the creative and innovative skills of IT staff.

Therefore, in practice, Knowledge Management, identifying and mapping intellectual assets within an organization that consists of generating up-to-date expertise for competitive advantage, so that large amounts of corporate information accessible, sharing best practices andtechnology that enables managing all of the above including groupware and intranets. All this is crucial, because one of the most integral business activities is that of applying knowledge management at work.

Exploring Knowledge Management

As we further progress with the facets of Knowledge Management, highlighting a few well known management strategies serves as a better comprehending factor;

• Business Process Reengineering

• Change Management

• Benchmarking

• Risk Management

• Employees recommitment Management

It seems a common thread between these and many other current business strategies and a confirmation of that information and knowledge are corporate assets, and that companies need strategies, policies and tools to manage the assets. The need to manage knowledge is obvious, since the discussions onintellectual capital burgeoned.

Because knowledge has become the single most important factor of production and survival, managing intellectual assets has become the most important task of the company.

Knowledge Management: An organizational need

Knowledge management is a framework within which a company views all its processes as knowledge processes. Included in this view to develop all business processes, Dissemination, extension and application of knowledge to organizational food and survival. In essence, this means that knowledge management focuses on "doing the right thing to do" correctly instead of "Things". The underlying premise is that "best practices" of yesterday is not made for a "be awarded best practices of today and tomorrow. Therefore, double-loop learning, unlearning and relearning processes need to be designed into the organizational processes>Knowledge management is necessary for companies because what worked yesterday may or may not work tomorrow. To remain aligned with the dynamically changing needs of the business environment, organizations need to continuously re-assess their internal procedures of business for ongoing effectiveness.

Importance of Knowledge Management

Considering the management dynamics today – the onus of managing knowledge requires utmost focus as Much of the work is information. Secondly, it is an undisputed fact that firms compete on the basis of knowledge, there are products and services become more complex. Therefore, the demand for a lifelong learning has become an unavoidable reality and therefore knowledge management has become important because;

• Marketplaces are increasingly competitive and the pace of innovation is rising

• downsizing staff creates a needreplace informal knowledge with formal methods.

• Competitive pressures reduce the size of the labor force that holds valuable business knowledge.

• The amount of experience reduced the time available and to acquire knowledge has.

• Early retirements and increasing mobility of workers in a loss of knowledge.

• There is a need for the increasing complexity of small operating companies are trans-national management Sourcing.

• Changes in strategic direction is the loss of knowledge about a particular area.

Who will soon occur knowledge and information into a medium in which business problems. As a result, the administration's knowledge is the primary opportunity for achieving substantial savings, significant improvements in human performance and competitive advantage.

Organizational responsibility: ensuring knowledge> Management

Companies that are competitive conscious need to implement effective knowledge management systems. This includes the implementation of a linkage between the archived OU "best practices" and the actions taken by organizational members on their basis. In parallel, also include links to disentangle the actions taken by organizational members, which serve as a continuous control and balance for the renewal of the archived 'best practices. "Here are the intellectual creativity and organizational innovation enters the picture.

For more information on Knowledge Management, see: knowledgemanagement. html

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