The main purposes or goals of knowledge management system in any organization are to improve the efficiency, performance, and productivity of both the people and the organization. It is not simple knowledge sharing, exchange, or transmission but also useful outcomes of the…
Nowadays, with the support of knowledge management, numerous instruments and models of knowledge management are obtainable to organizations to acquire competitive advantage. Such development provides power to organization to manage and deal with actual business issues without difficulty. Organizations are in the habit of sharing and having to transmit knowledge to employees. However, there are challenges while transmitting important knowledge. Technology can contribute to the creation of knowledge but cannot stimulate or motivate knowledge sharing without the involvement and commitment of people within the organization. Hence, knowledge management can be viewed as either system or a model which will facilitate the development of processes to gather and share knowledge.
Oil companies, like British Petroleum, operate according to the capacity and capability of its human resources, technologies, infrastructure, and natural resources. If one of the components changes, it affects the production, planning, and processes of the industry. In the present global setting, based on the technological and social development worldwide, organizations are obliged to adopt knowledge management systems as an important technique to manage the global competition and to enhance their ability to overcome challenges in their operations regardless of the organization’s size. Hence, knowledge management becomes the most important component for the oil industry. Knowledge of the top management and executives within the oil industry probable to retire in the near future, if not efficiently managed, may result in loss of knowledge or produce vast knowledge gap, particularly in the oil industry. In these circumstances, mere knowledge management can offer ways to solve knowledge loss.
Oil firms, like British Petroleum, were early implementers of knowledge ...
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(LEADING KNOWLEDGE MANAGEMENT FOR ORGANISATIONAL LEARNING Essay - 1)
Two types of knowledge are emphasized in KM practices. Tacit knowledge is ingrained in the minds of employees and is difficult to articulate1. Most knowledge is tacit in nature and is developed over time through trial and error. Tacit knowledge is often underutilized as organizations lack inbuilt systems to harness it.
It is set in the mid-1960s and so all of the medical systems are somewhat out-dated and to a modern audience the regime appears to be very strict and repressive. Susanna appears to have taken an overdose, and so one assumes that she is suffering from some kind of emotional disturbance, or depression.
Consequently, the concept of knowledge management has recently emerged as one of the most essential organisational paradigms in contemporary organisational studies.
Knowledge is nowadays increasingly becoming an ultimate competitive advantage either replacing or complementing such traditional sources of success as technologies, marketing mix, and often even financial resources (Malhotra (1998).
Nevertheless, each knowledge reprocess circumstance is distinctive in terms of conditions and setting. Every time these variations between the knowledge reprocess circumstances are taken for granted, the organisation confronts a variety of challenges in building and implementing its knowledge management processes.
According to the paper knowledge management can probably be addressed as one of the most controversial and multilateral, but very promising developments in the organisational practice over the recent decades. Most of the prominent business companies of modernity report of their devotedness to the principles of KM.
According to the report mainstream economics assumes that resources are scarce and that it is necessary to choose between competing alternatives, hence, the reality of tradeoffs. Choosing one alternative implies forgoing another alternative, hence we have the opportunity cost, which creates an implicit price relationship between competing alternatives.
The concept of learning organisation was mainly popularized by theorists such as Senge (1990) and Peddler et al (1989). Learning organisation can be defined as an organisation which facilitates the learning of all its members and continuously transforms itself (Peddler,
nvironment, effective leadership traits, increasing productivity and good profits can be actualized and continued, till the achievement of the set goals. However, when the organisation does not perform up to expected levels, and in other cases wanted to expand and diversify its