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knowledge managementl - Essay Example
Author : lorenaleannon
Pages 12 (3012 words)
The global technology is altering rapidly and the manner in which the corporates, the world over, operate is changing rapidly driven by this transforming technology and a keen desire to compete and acquire a bigger share of market.The business objectives have turned from mere survival or a normally healthy bottom-line to an extraordinarily fat bottom-line maintained with consistency…
Construction Industry has begun to realize that it makes sense to find sub-contractors for parts of their work and leverage on their work to roll out a finally bundled up product. Outsourcing of manufacturing can help companies concentrate of areas of competence whilst a the same time ensuring that the other related tasks are being attended to with necessary know how and skills. A lot of innovative skills are required in order to achieve successful networks of competence that deliver a high cost and long duration construction project. The innovation is almost needed at each point a problem is encountered in a complex construction project. Knowledge and its appropriate management contributes to the cause of innovation on the simple logic that a better knowledge brings forth better solutions. This paper examines these both aspects in UK construction industry milieu at some length. ...