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Importance of knowledge management and its importance to organization
The importance of knowledge management
Benefits of knowledge management
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Managing Codified Knowledge – A Review
Knowledge has long been considered an intangible asset that can only be passed on from a teacher to his pupils through years of teaching and knowledge transfer. However, present day technological advancements and the increasingly dynamic nature of knowledge have led to the dissolution of the “sacred” teacher-pupil affiliation. Knowledge, now, is more of an entity that can be codified, stored, mined and retrieved as and when required, by any one and anywhere around the world. Albert Einstein’s quote, “The only source of knowledge is experience”, is now more of an anecdote than reality, as more and more organizations are realizing that knowledge learned from one’s experience can be codified, i.e. transformed into knowledge “packets” that can be stored and transferred to others. Business organizations have been the primary users of such codified knowledge, as huge amounts of information runs through the various divisions of an organization, which can be integrated and used for making more profitable, strategic and constructive business decisions. Thus, the need for knowledge management arose, wherein, chunks of codified knowledge has to be appropriately managed for ease of retrieval and use.
The influential paper, “Managing Codified Knowledge” by Zack (1999) is reviewed here. The definition of knowledge and knowledge management, the benefits of knowledge management, the author’s rhetoric on the architecture of knowledge management and its importance in modern business organizations are discussed here. This paper also attempts to analyze two case studies presented by the author, and a brief summarization of the author’s key findings is also intended.
The author discusses knowledge and knowled...
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...e in retrieval of knowledge. The author cites the example of Buckman Laboratories, which successfully used the interactive approach to knowledge management. This organization, which originally sold chemical products, chose to offer solutions to its customers’ chemical treatment problems. It used innumerable “field associates” across the world, who had several years experience in solving such problems. Their tacit knowledge, based on experience and expertise was harnessed through interactive knowledge management. An online knowledge management infrastructure was created that was independent of time zones, location, language and even computer proficiency. The field associates interacted on a common platform, and their conversations, contributions and information exchanges were recorded, preserved and made available to all via K’Netix, The Buckman Knowledge Network.
Codification was needed to simplify access to ASC, improve accuracy of research, mitigate risk of non-compliance, streamline the research process, provide real-time updates, and assist with IFRS convergence
Knowledge work according to Raman, (1999), contains activities, which are "information-based, knowledge intensive and knowledge generating" (p. 2). The paper's theme is, "organizations staying ahead of the competition have come to realize knowledge and knowledge workers are their key to success in today's environment where knowledge and information have become commodities" (Raman, 1999, p. 1). This paper's theme traces the historical development of knowledge management and knowledge workers; differentiates between knowledge workers and non-knowledge workers, and illustrate the knowledge workers experience in the author's organization. Knowledge systems contain the potential to increase business value (Bang, Cleemann, & Bramming, 2010).
Abstract. Recent frameworks employ the strategy to define a specific metadata schema for applications to use in their classes and programming elements, enabling framework behavior customization. Despite this technique is being widely used, there are not models, design patterns or development guidelines that aim to help in the creation of this kind of framework. This thesis proposes a conceptual model for metadata-based frameworks that has the aim to identify appropriate solutions for its internal structure and scenarios where it is suitable for. As a result, software architects and framework developers with this conceptual model should be able to identify situations where the metadata usage is appropriate and to design suitable solutions that provides flexibility in metadata reading and processing.
Hansen M., Nohria N., and Tierney T. (1999), “What’s your Strategy for Managing Knowledge?,” Harvard Business Review (March 1999), 106–16.
The management of knowledge within the context of organizational processes is a determining factor of its effectiveness and level of performance. Hislop (2013) stated, "One of the key distinctions in the knowledge management literature relates to epistemology" (p. 8). In an attempt to acquire an in-depth understanding of key aspects of knowledge management I will analyze a key organizational job position that possesses valuable experience and traits of fulfilling responsibilities. My analysis will include a description of the organization and position, a review of the perspectives and types of knowledge, as described by Hislop (2013), as they relate to the job position, and the challenges encountered in transferring
T.D. Wilson (2002) makes a point of identifying several sources of articles, references and course syllabi with varying takes on knowledge management within organizations. Wilson is convinced that organizations misuse the terminology “knowledge management” and that their activities are more concerned with managing information than with the management of knowledge (Wilson, 2002). Wilson defines knowledge as involving “the mental processes of comprehension” or, as “what we know” and information as the expression of what we know and can convey through messages (Wilson, 2002). By researching the use of the “knowledge management” Wilson conveys that the terms knowledge and information are used interchangeably, which results in an inaccurate application
Introduction With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of knowledge management methods, companies can achieve a competitive advantage by managing the immense amount of information available (Balanced Scorecard Institute, 2002).
From the dawn of time, education has been in existence in one form or another. Societies knew early on that to survive knowledge and experiences must be passed on to future generations. By passing on this knowledge people could take what others learned then build upon it. One such example is of the man that invented the wheel. He probably never imagined that his idea would later become the means to assist man to soar high in the sky with the fowls of the air. This miraculous feat might never have happened if he had not shared what he knew with others.
“A map is only useful if it simplifies things.” To what extent does this apply to knowledge?”
In times of economic change it is important for companies to remain flexible and adapt in order to be sustainable. New theories of management have developed to tap into a company’s core competencies and give it the ability to shift its product offerings and stay competitive. One theory that has gained popularity is Knowledge Management. A 1997 survey of 200 large US firms found that 80% of corporations had initiated knowledge programs of management. Both corporations and non-profit entities have adopted knowledge management practices - Monsanto, Hewlett-Packard and BP as well as the Army, Navy and the World Bank. As Peter Drucker, who coined the term “Knowledge Worker”, wrote in his Managing in a Time of Great Change, “Knowledge has become the key economic resource and the dominant – and perhaps the only – source of competitive advantage.”
...t for the systematic han-dling of knowledge. Most influencing factors could be considered within the building block approach and all important knowledge activities are included. Moreover, the au-thors provide several case examples in their book. On the other hand, the concept does not provide an implementation model for the knowledge management concept. A knowledge management audit is not considered either. In contrast to the spiral of knowledge concept by Nonaka, the building block approach focuses on explicit knowledge and does not offer instruments how to manage and leverage tacit knowledge. In general for SMEs the concept is applicable because it is easy to under-stand, but as it does not provide an implementation model. Without a guideline for the implementation the effort significantly increases for SMEs and could therefore be re-garded as to complex by SMEs.
Mudge, A. (1999, April-May). Knowledge Management: Do we know that we know? Communication World, (16)5, Retrieved on September 17, 1999 from EBSCO Business Search: http://mariner.galileo.gsu.edu
In most organizations, effective utilization of knowledge increases productivity, creates competitive advantage and, ultimately, improves profits.
Contrary to popular belief, curriculum integration entails more than simply linking lessons together along a common theme. It is more than just "rearranging existing lesson plans", it is an attempt to organize "curriculum around significant problems and issues…without regard for subject-area boundaries" (Beane, 1997). The goal of curriculum integration is to have students gain a deeper level of understanding across subject areas through interrelated thematic study. Themes are drawn from life "as it is being lived and experienced" with knowledge based around problem solving rather than rote skill acquisition (Beane, 1997).
Knowledge management (KM) can be defined as a systematic discipline of policies, process, and activities which empower organizations to apply knowledge to improve effectiveness, innovation, and quality (Sehai, 2006).