Although leaders can formulate and implement various strategies to optimize the organizational environment, and thereby enrich the workers’ knowledge and career, in some or most circumstances, the leaders in turn can be aided by certain knowledge based ‘systems’. Among the…
cess of KM formation involves creation, capture, storage and distribution of knowledge or information, needed for the organization during appropriate times. KMS will aid the leaders in the overall functioning of the organization and will provide them a good back up to all their strategies. Actually, these ‘systems’ by backing up the leaders will optimize their performance and it will directly show in the optimum performance of the employees. So, this paper will analyze this theme of Knowledge Management using the article titled Knowledge Management featured in the magazine, The Economist, and how that it is vital for the employee and organizational success.
The article starts off with the words by renowned management guru, Peter Drucker, who in 1980’s itself hypothesized that that Knowledge Management will be a key process in future for the optimum functioning of the organizations. “The typical business [of the future] will be knowledge-based, an organisation composed largely of specialists who direct and discipline their own performance through feedback from colleagues, customers and headquarters. For this reason it will be what I call an information-based organisation.” (The Economist).So, Knowledge Management will raise the efficiency level of the leaders, aid them in actualizing an optimal organizational environment and thereby will enrich the knowledge and skill of the employees. Focusing on the importance of employees in the process of Knowledge Management, the article opines that the ‘content’ that is developed and stored in the heads and hearts of the employees need to be optimally used for optimizing organizational functioning. The article further states that the effective knowledge of the workers will become valuable assets or properties for the organization. So they need to be further developed and various forms of that knowledge also need to be preserved through technological means. “They had become properties whose most valuable asset ...
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(Knowledge Management Essay Example | Topics and Well Written Essays - 1750 Words)
“Knowledge Management Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.net/miscellaneous/396975-knowledge-management.
The paper includes the recognition and analysis of knowledge management as a crucial component in organisational progression and also the importance of managing the people who deal with managing knowledge in the organization as well as the effect of wrong culture on reducing the effectiveness of knowledge management.
This paper is the analysis of the Siemens case study and its knowledge management practices. Two questions are analyzed: (1) knowledge management as human resource management; and (2) the effects of the wrong organizational culture on knowledge sharing. Recommendations to create a perfect knowledge culture are provided.
Knowledge management involves a number of practices and strategies used by companies to identify, represent, create, distribute, and enable assimilation of experiences and insights. Such experiences and insights include knowledge, either embedded or embodied in organizations as practices or processes.
MindTree also conducted researches in order to optimize the database migration techniques and strived to identify new opportunities in the modernization of mainframe. The community practices went through several transitions. At first stage, it was about identification, later, it was about training and after that it conducted researches to identify new offerings.
Its fundamental objective is to create knowledge, share it or transfer among the people and use it for the benefits of the organization (Noe, 2002, p. 168). In creating, sharing and making use of it, gaming, simulation, calculations, data base and many other information-managing strategies have been found to be extremely important.
This implies that an organization ought to be knowledgeable about the course of action it should take in order to reach its desired operational heights. In the process of pursuing the set organizational goals and objectives, knowledge management comes in handy.
The purpose for this may however differ from person to person and generation to generation. In the pre-historic era, the mankind had the thirst for knowledge in order to make their daily affairs convenient and satisfy their desire to do the work differently.
On the other hand, knowledge management is a way in which organizations, teams and individuals collectively and systematically create, share, and apply knowledge in order to achieve their objectives effectively. Information management views