The author of this essay "Knowledge, Innovation, and Learning" comments on the educational concepts. According to the text, our reason for choosing project was simply that knowledge management is becoming more and more integral to the marketplace every day. …
The aim of our project was to highlight how 3M is capable of sharing knowledge across social networks, as well as sharing it within social networks to create new innovations. As a participant in this process, I gained experiences researching and understanding complex business resource issues as well as investigating and rating how one company implements these ideas.
Our process was mainly twofold. First, we conducted a literature review. We investigated knowledge management, innovation as a competitive advantage, types of data, information and knowledge as well as how the cycle of knowledge works. Next, we analyzed how 3M applies these principals to the business world and made certain recommendations. As well as our project went, there is still room for improvement.
There were pros and cons to the process, however. They are expressed as strong and weak points of the process, positive and negative experiences as well as positive and negative feelings. The process was strong in that we all had great ideas to proffer to our project, but weak in that we had a difficult time discerning which ideas to implement. Furthermore, the positive experience was that we were able to bring it all together in the end. The negative experience was that often times some of the group was hearing the other members but not really listening to them. His elicited some negative feelings along the way. When waves off the opinions of others as unimportant, it creates feelings of opposition instead of cooperation. In the end, however, the completion of our project made everyone feel accomplished. These are some of the dualistic challenges one meets while working with others. ...
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(Knowledge, Innovation, and Learning Essay Example | Topics and Well Written Essays - 500 Words - 1)
“Knowledge, Innovation, and Learning Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.net/education/364636-individual-reflective-essay-about-the-critique-of-the-applications-of-knowledge-management-systems-in-the-case-study-group-written-report.
The project is conducted using qualitative research techniques in which the literature review provides critical analysis of the researches conducted before providing statements for or against the topic; and the data analysis is done using secondary research techniques. The data are integrated and compiled to arrive at the research findings and analysis.
When one discusses the tangent of knowledge management and innovation with regards to Facebook, this is one phenomenon that has helped shape up the modern times (Towner and Munoz, 2011). It is such an important part in the lives of individuals that it is hard to take away from them.
29) with well-established theoretical underpinning, has emerged to become the top investment priority of many business organizations. Effective implementation and performance of knowledge management is largely associated with the intellectual capital of a firm and as a result it affects innovation and financial success as well (Ju, Li and Lee, 2006, p.
Modern organizations should promote innovation and knowledge management as a measure to increase their competitive power. According to Bordia, et al (2005, p.1), Innovation is the ability to develop new products and services. In his opinion, innovation helps companies in value creation and thereby increasing their competitive power.
Therefore, it became necessary to seek a study which explores the myth and reality of KM and based on empirical study gives a unbiased and objective result based on empirical studies.
The methodology chosen was the Kaplan and Norton Balanced Scorecard method which measures the degree of success of KM on FSA, the case study that has been taken up to validate or negate the hypothesis regarding success or failure of KM on business enterprises.
The researcher wants to demonstrate how he sees the knowledge he got improving the activity of a company. Knowledge management is proved to be helpful in improving the activity of any modern organization and the researcher is going to describe the way of such improvement and provide an example of such issue resolved.
According to the study, in a rapidly changing competitive market, organizations are driven to create changes and implement innovations not just within their workforce but most importantly in their products and services. Innovation has been associated with the overall growth and enhanced the performance of organizations through the improvements in their effectiveness, productivity, competitive advantage and most importantly, the quality of their goods.
It is noted that those organizations that can muster knowledge, technological skills and experience to improve their product range and services and how they generate and distribute those services have greater competitive advantage