Preview

Different Perspectives and Approaches to Managing Knowledge

Good Essays
Open Document
Open Document
1885 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Different Perspectives and Approaches to Managing Knowledge
MOS Essay

3. Discuss how different perspectives and approaches to managing knowledge may lead to an organisation’s competitive advantage, supporting your views with pertinent literature and examples.

Knowledge management (KM) is a relatively new concept that emerged 15 or 20 years ago and which presents knowledge as a process, rather as something that people have. Blacker (1995) himself talks of “knowing as a process”, thus something far more complex and ambiguous than the classical and cognitive views that we could have of knowledge. Moreover, this assumption implies, as we shall see, that management is not neutral or objective but that it is intertwined in power relations and social processes that help to achieve the KM’s goals set by managers. Through knowledge management, organisations seek to fully utilize the knowledge that they possess, to create or acquire useful knowledge, in order to achieve maximum effective usage and thus, positively influence organizational performance. By increasing their effective knowledge utilization, it is believed that organisations can acquire greater benefits and acquire competitive advantage. Yet the ways of knowledge management processes are numerous and various and their effectiveness can depend on the type of organisation that necessitates them.

Acquiring competitive advantage through knowledge management has not a sole possible outcome but many, and this might result in better knowledge practices, improved organizational behaviours, better decisions or improved organizational performance (King, 2009). Here, a first approach to gain competitive advantage could be the management of innovation and this has been particularly explored by Nonaka and Takeuchi (1995). In their spiral of knowledge model, they focus on the creation of knowledge through the interaction of both explicit and tacit knowledge. According to this theory, in order to accumulate and trigger new spirals of knowledge creation, the key concepts

You May Also Find These Documents Helpful

  • Best Essays

    Strategy

    • 4072 Words
    • 17 Pages

    This essay will discuss Checkland’s theory (1991) which states that: “We see in the world many examples of sets of human activities related to each other so that they can be viewed as a whole.” This is a very famous quote made by an eminent British Management guru ‘Peter Checkland’. This quote is very relevant in the context of this report as one could easily observe that in the analysis of a large technologically driven learning environment, there are many layers of complexities that house a lot of human activity systems. This set of activities according to what will be critically discuss and debated in this paper includes knowledge management and environment, intellectual capital and social capital, communities of practice and soft system thinking.”Everybody discusses knowledge management (KM), but how can it be used and how can we successfully apply it?” Greener et al (2007). Strategic knowledge management is relatively a new academic stream that deals with the strategic treatment of knowledge management practices prevalent in today’s academic world. We are living today in an information and knowledge-starved world. Since this essay want to discuss the relationship between strategy and this set of human activities mention above, firstly it will be of interest to introduce basic terms and definitions by different authors that will be used in the rest of the paper. Accordingly, as a term “Management” it implies that KM is the ability of the organization to react and act with interactions with the organizations (Macharizana, 1999) as quoted in Greiner et al (2007). The importance of both these ‘intellectual’ items have increased manifold in recent decades. Every giant corporation of our world today is emphasizing more and more on the development of intellectual capital. Knowledge management has emerged as a management concept that encloses a range of strategies and practices within itself in a company to identify, create, represent, distribute, and enable adoption…

    • 4072 Words
    • 17 Pages
    Best Essays
  • Better Essays

    Since the mid-1990s, knowledge management has become increasingly significant for business managers and companies. ‘It is broadly accepted that systematic knowledge management is tightly linked with gaining and sustaining competitive advantage.’ (Bogner & Bansal, 2007, p658-6 as cited in Hislop, 2009, p1) The definition of knowledge management is various because of the wide range of this concept and its complexity (Al-Hawamdeh, 2003). For example, the broad definition provided by McAdam and McCreedy (2000, p155 as cited in Hislop 2009, p53) note that: ‘KM relates to the management of anything classified as knowledge’ Furthermore, Hislop (2009, p59) suggests that: ‘Knowledge management is an umbrella term which refers to any deliberate efforts to manage the knowledge of an organization’s workforce, which can be achieved via a wide range of methods including directly, through the use of particular types of ICT, or more indirectly through the management of social processes, the structuring of organizations in particular ways or via the use of particular culture and people management practices.’…

    • 1109 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    | The author points out that successful implementation of Knowledge management has determinants that are specific to different organizational contexts. However, some factors that have had a significant impact on making an organization’s Knowledge management system a success are: 1. A shared understanding of the concept of knowledge management 2. The identification of the value of the co-creation of the knowledge management strategies which make up the system 3. The positioning of knowledge management as a strategic focus area in the organization. 4. Appropriate management of information throughout all stages of the Knowledge life-cycle and the appropriate alignment of technology and information to ensure access to knowledge for all individuals involved. 5. Understanding the role of organizational culture in the working of the organization and its importance in making the knowledge management system a success.…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Knowledge management can be considered to be an essential strategic function in any organisation today. As the world becomes more globalised, and traditional structures of intermediation are removed whilst new ones are created, it is clear that knowledge, and consequently a learning organisation is one that is more likely to find unique sources of competitive advantage, and be able to develop sustainable competitive strategies in the long term. A number of different processes and sub-processes have been identified with knowledge management, such as knowledge generation, knowledge codification, and knowledge transfer or realisation (Grover and Davenport, 2001). Nonaka (1994) suggests that knowledge itself is created through the conversion between tacit and explicit knowledge, through the processes of socialisation, internalisation, externalisation, and combination. Technology has often been used to facilitate and support the processes involved in knowledge management. Knowledge management is essential for sustaining the growth of an organisation and ensuring its success. From the perspective of investors, the worth or value of an organisation is as a result of its ability to strategically retain and generate knowledge that facilitates the organisation’s business activity. The sharing of practices throughout the organisational hierarchy, and adoption of effective techniques formulated by individuals having great expertise in the relevant field can help to improve the efficiency of the business activity. Yet the intertwining of knowledge management processes and information and communication technologies (ICT) may blind knowledge managers to the shortcomings of the use of ICT in knowledge management processes. This essay therefore seeks to present a critical evaluation of the benefits and limitations of ICT in knowledge management processes.…

    • 2359 Words
    • 10 Pages
    Best Essays
  • Best Essays

    Knowledge management has assumed an important role in the organisational context in the current times. Warner (2008) has rightly emphasised the importance of knowledge sharing and transfer in determining the efficient functioning of an organisation. In the current era of increasing…

    • 2964 Words
    • 12 Pages
    Best Essays
  • Best Essays

    In order to create, develop and extract value from knowledge and information, the right operational and strategic processes are needed to put into place. Knowledge management leads to structure and management methods based upon idea sharing thus giving voice to customers, workers and partners. From the organizational perspective, the objectives of exploiting information and knowledge resources should aim to support the effective utilization of knowledge in every company. Generate new knowledge, access valuable knowledge from outside sources, use knowledge in decision making, embed knowledge in processes, products, and services; represent knowledge in documents, databases, and software; facilitate knowledge growth through culture and intensives, transfer existing knowledge into other parts of the organization, and measure the value of knowledge assets and/or the impact of knowledge management.…

    • 1899 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Knowledge- based organizations (KBOs) lives and breathes knowledge. From day–to-day operations to long-term strategy, creating and applying knowledge is always in the forefront. Prior researches have explored which factors are essential for managing knowledge effectively. Most studies of them have examined the relationship of knowledge management capabilities, processes and…

    • 2405 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Knowledge Management

    • 2695 Words
    • 11 Pages

    "Knowledge management is the set of practices aimed at discovering and harnessing an organization 's intellectual resources. It 's about finding, unlocking, sharing, and altogether capitalizing on the most precious resources of an organization: people 's expertise, skills, wisdom, and relationships. Knowledge managers find these human assets, help people collaborate and learn, help people generate new ideas, and harness those ideas into successful innovations" (Bateman, 2004, p.8-9). One of the most important factors of change in management is the growing need for good, new ideas. Knowledge management is an approach that allows people to produce change. It 's bringing people together and collecting ideas from the group that can provide further success for the company and personally for the employees. A new idea can produce growth and motivation within a company. If the employees and the company as a whole come together and grasp a new idea, it ultimately can lead to new inventions of products and services. (Lineman, 2004.)…

    • 2695 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Knowledge management is the set of processes developed in an organization to create, gather, store, maintain, transfer, apply, and disseminate the firm’s knowledge. Knowledge management promotes organizational learning and incorporates knowledge into its business processes and decision making.…

    • 1225 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The importance of knowledge in organization has been highlighted as early as in 1890 by Alfred Marshall. However, its popularity has been accentuated only in the nineties[3]. The intensification of interest in knowledge management is driven by a host of factors which collectively reflect the urgent need for organization to manage knowledge. These factors include: (1) the increasing realization that wealth is generated from knowledge and intangible assets: (2) the rediscovery that human resource is the reservoir of organizational knowledge; (3) the rapid change in markets, competition and technology which demand continuous learning to remain competitive; (4) the recognition that innovation stems from knowledge creation and application; (5) the growing importance of cross-boundary knowledge transaction…

    • 1744 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Bollinger, A.S. and Smith, R.D. (2001), ‘‘Managing organizational knowledge as a strategic asset’’, Journal of Knowledge Management, 5 (1), pp. 8-18.…

    • 3515 Words
    • 13 Pages
    Best Essays
  • Best Essays

    References: Blacker F (1995) Knowledge, Knowledge work and organisations: An overview and interpretation, Organisation Studies 16 (6)…

    • 3256 Words
    • 14 Pages
    Best Essays
  • Good Essays

    global enterprise

    • 809 Words
    • 4 Pages

    I’m going to discuss how innovation can be used to support knowledge sharing/creation and learning in an organization. Businesses emphasize knowledge management for a number of reasons, one is to encourage innovation. Bessant and Tidd (2007;29) summarise innovation as ‘ the process of translating ideas into useful - and used - new products, processes and services’. Innovation can take many forms but these can largely be reduced to four dimensions of production innovation, process innovation, position innovation and paradigm innovation. They view innovation as a process involving the generation of innovation possibilities, Andriopoulos and Dawson (2009;28).…

    • 809 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Knowledge Management

    • 369 Words
    • 2 Pages

    each other such by using new technology, new idea or method in order to meet the customer…

    • 369 Words
    • 2 Pages
    Satisfactory Essays