Role of Knowledge in an Institution - Essay Example

DQ7-TERENCE al Affiliation DQ7 – Terence The role of knowledge in an remains regarded as a key asset to the realization of possible success ambitions being envisioned. However, such knowledge is oriented on different platforms that define its eventual usage, storage and expression. Among them is the prospective packaging and presentations systems, as well as the process of its optimization. The interests of this paper will be founded on the exploration of each of this perception, with dashboards being considered as the ideal model of presentation. The packaging will consider information technology systems while the prospect of optimization will involve the brainstorming of ideas. Each of the concern will be supported by plausible exemplifications. The critical definition associated with knowledge in a firm allows for its consideration as an essential asset towards the realization of the aspired success. Dq7.1 (1) What are the pros and cons of using information technology-enabled collaboration to package and present decision-making information? There exists a number of pros and cons to be associated in the delivery of decisions via information technology. The qualities are founded on the capacity of the firm that is tasked with the implementation of the discussed information technology packaging and presentations options. Among the pros include the efficiency in accessibility of the considered decision to the broad population under target. Information technology systems are rather presentable and places into utilization the virtual storage units, thus saving the office space (Imboden, Pfenninger & Stürchler, 2013). However, there exists a significant number of challenges associated with these systems in regard to the process of decision making. Safety concerns remain critical to the consideration of the effectiveness of the information technology as a platform for packaging and presenting decisions. Internationally, the concern of the security of the respective virtual systems installed in the hope of achieving the respective obligations has been mentioned as challenging. Additionally, the usage of information systems in decision making calls for additional lessons to the targeted population over usage (Kendall, 2013). (2) Why Please have some example. Cyber security has been defined among the leading reasons that seek to explain on the concerns associated to the usage of information security. Hacking of critical information has been described to be an essential source of concern to the various institutions. Hacker outfits such as anonymous have capitalized on the possible loopholes in these systems to expose sensitive information. The progressive address of these challenges has lead to the eventual realization of a comprehensive usage of the information technology as an ideal platform for decision-making (Kendall, 2013). The interest of information safety remains accredited to the leading challenges associated to these systems. However, the reduced familiarity with the respective structures of information technology outfits couples in compounding the respective units. It is apparent that the firms are coerced to engage in further training in order of appreciating the contribution of the respective systems. Such challenges assists in exposing the considered users to the possible concerns of security associated to the respective structures (Kendall, 2013). Understanding the criterion achieved via the usage of information technology as a platform of decision dispersion allows for the reflection of the associated merits. The ideal references on the situation focus on the progressive digitization of the various institutions across the globe. The digitization of the United States’ judicial system has been linked to the increased ease in the dispersion of information to the public, as well as subsequent participation (Imboden, Pfenninger & Stürchler, 2013). Dq7.2 (1)Knowledge workers often use dashboards to present information, what are three to four additional presentation tools used in dashboards? The usage of dashboard in the presentation of information, especially by knowledge workers, has been rather prominent. Such has been linked to an increased reference to presentation tools as an additive to the supposed usage. Among these include a bar chart indicators which seek to capture graphical representation of the information to be dispersed. The indicators, also, provide a platform for a qualitative analysis of the respective information in the hope of delivering the desired information. They offer a level of substantiation that is essential for knowledge dispersion (Alexander & Walkenbach, 2013). Other tools deployed in the include slide chart bullet graph indicators. The two models of indicators enhance the ability of the dashboard in the dispensation of the regarded information. They provide an opportunity for further reflection and eventual visualization of the presented knowledge. Apparently, dashboards are designed in the hope of achieving an eventual sense of relevance in the considered task of knowledge dispensation (Person, 2013). (2) Describe each presentation tool and the audiences they are intended to serve. Please have some example. Slide chart indicators consider the essence of the respective entries in the dashboard. It allocates a sense of attention to some key attributes of the charts. Primary reference is nested on the element that desire some additional substantiation in the entire dashboard. Such may include essential materials that are desired to be presented in the dashboard, including keynotes and vital concepts. The tool targets broad audiences, included learners and panellists that are engaged by the dashboard presentation. It also focuses on the presenter as a humble reminder of the region to consider (Person, 2013). Bullet graph indicators, on the other hand, perceive the isolation of significant entries against a source background. Apparently, a graph presented in a dashboard may be having numerous number of entries that may eventuate into obscuring the intended knowledge interest aspired by the presenter. It is on such grounds that the participation of the bullet graphs indicators is invited. The regarded role narrows on the highlighting of the entries considered critical for the attention of the audience (Person, 2013). Bar chat indicators have been mentioned to centre on the substantiation of the presentation information via the integration of visual avenues in the content. Such promote the ability of the audience to fathom the considered concepts. Additionally, the remain oriented to promote the interest of the presenter to the target audience, which may include learners, panellists or public (Alexander & Walkenbach, 2013). Dq7.3 (1) How do you optimize knowledge returns and what are the optimal investments for increased knowledge capital in the organization? Knowledge remains regarded as a vital asset to the growth of the organization. The assertion is advised by its contribution in the realization of the supposed growth. It remains apparent that its optimization has an added merit to the growth of the firm. Avenues such as the incorporation of additional refresher lessons to the respective staff may be described as being central in the championing of the considered interest of knowledge optimization. However, the speculated cost that is aligned with such a move allows for the challenging of its possible implementation. Firms may consider skirting such concerns through the integration of segmented re-training programs for the staffs. Additional practises that may allow for the improvement of the knowledge resources that are attributed to the company include the embrace of the concept of partnership. Such a policy considers the essence of the targeted partner firm in the growth of the knowledge levels of the business. The staff is exposed in novel standards of knowledge that allow them to consider their duties and obligations at a different standard. Other efforts include the participation in conferences and fairs map the market and expose the staff to novel adjustments in their fields (Pacific Rim Knowledge Acquisition Workshop, Richards & Kang, 2012). (2) Why? Please have some examples. Various firms consider the improvement of their knowledge levels in a differing approach. The telecommunication industry remains the best description of the role of knowledge in the promotion of the interests of the firm. Companies such as Google and Apple incorporation consider investing in research outfits in aim of promoting their gradual improvement of their knowledge reserves. Additionally, the companies make a significant investment regarding the continuous growth of talents associated to their staff. Such includes the progressive enlightenments in the dynamics achieved in their respective fields (Pacific Rim Knowledge Acquisition Workshop, Richards & Kang, 2012). The companies allow for the growth of the employee’s knowledge pool via exposing their staff in the proceedings engaged on the international sphere. Google engages in progressive enlightenment of their staff on the novel achievements in the industry while Apple achieves the same benefits through the preparation of various products and design adjustments. Arguably, the process of knowledge dispersion may be regarded as a costly affair to the small firms. However, progressive implementation may allow for the eventual realization of the considered interests as embraced in the respective systems (Schmidt, Sasidharan & Freeze, 2013). Conclusion Knowledge management involves the definition functional models of the packaging, presentation and the optimization. Such is with reference to the manner upon which the prospective knowledge is anticipated to be utilized in the firm. Each of the models is coupled with its subsequent pro and cons. However, the considered cons may be skirted upon the reflection of numerous avenues. Such a measure will allow for attainment success in a firm. Reference Alexander, M., & Walkenbach, J. (2013). Excel dashboards and reports. Hoboken, N.J: J. Wiley & Sons. Imboden, D. M., Pfenninger, S., & Stürchler, N. (2013). Introduction to systems analysis: Mathematically modeling natural systems. Berlin: Springer. Kendall, K. (2013). Systems Analysis and Design. Harlow: Pearson/Education. Pacific Rim Knowledge Acquisition Workshop, Richards, D., & Kang, B.-H. (2012). Knowledge management and acquisition for intelligent systems: 12th Pacific Rim Knowledge Acquisition Workshop, PKAW 2012, Kuching, Malaysia, September 5-6, 2012. Proceedings. Berlin: Springer. Person, R. (2013). Balanced scorecards & operational dashboards with Microsoft Excel. Indianapolis, IN: Wiley. Schmidt, P., Sasidharan, S., & Freeze, R. (July 01, 2013). Social Networks and Organizational Performance: Exploring the Quality of Domain Knowledge Sources. International Journal of Knowledge Management (ijkm), 9, 3, 47-64 Read More