In his posting “Tacit vs. Explicit Knowledge” Gerald has explained the main differences between the two type of information and their importance. According to Gerald tacit knowledge is the primary factor, which contributes in the development of the competitive advantage of a company. Therefore it …
The knowledge management (KM) group of Informs first thought that by promoting he Shop with Knowledge Currency Units (KC), which could be accumulated and exchanged for monetary rewards, would Increase the knowledge sharing on the portal. But this led to over contribution which resulted In …
Knowledge management in an organisation means to capture the knowledge that is critical to them, constantly improve it and make it available in the most effective manner to those who need it. There are two types of knowledge explicit and tacit. Explicit knowledge is a …
1. INTRODUCTION Fiol and Lyles (1985) describe organizational learning, as being the process wherein organizations being cognitive enterprises, have the capability to accumulate information regarding their own actions, understand the effects against those of alternatives, then adopt the most relevant action in relation to future …
The website enTarga.com is a website offering consultancy services for the strategic planning for the business of the future. This website is owned by ROSS A. WIRTH who is acclaimed professional and academician. This website offers consultancy services for the change management within any organization …
In today’s increasing competitive environment and the new economy of brick and click enterprises, knowledge management (KM) can be considered as a business integration discipline which endeavours, ‘to improve the performance of individuals and organisations by maintaining and leveraging the present and future value of …
An effective way of communicating is to let know all managers and employees the company’s vision, and how it must be achieved. “Good communication is essential to the smooth running of the people management system. It must be a two-way process. This can involve a …
Managing the Fizz The People Element of Knowledge Management We are now in the knowledge era, or information age, where radical change will challenge our traditional paradigms of organisation structure, industry structure and product/service definitions. This ‘new world of business’ is characterised by high levels …
Innovation is something that drives company towards success. The article “Making Innovation Strategy Succeed” by Amy Bernstein provides interview with Barry Jaruzelski – Vice President of Booz Allen Hamilton discussing the process, findings and effectiveness of the annual Global Innovation 100 study. The paper is …
Goals
The purpose of the Knowledge Management process is to share perspectives, ideas, experience and information; to ensure that these are available in the right place at the right time to enable informed decisions; and to improve efficiency by reducing the need to rediscover knowledge.
Value
Knowledge management is important because it boosts the efficiency of an organization's decision-making ability. In making sure that all employees have access to the overall expertise held within the organization, a smarter workforce is built who are more able to make quick, informed decisions that benefit the company.
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