Preview

Jhsh

Satisfactory Essays
Open Document
Open Document
550 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Jhsh
COMMERCE PROJECT
SEMESTERS-3
FEATURES OF KNOWLEDGE MANAGEMENT NAME: BRINDA.PANCHAL CLASS: SYBCOM DIV: D ROLL NO: 79 INTRODUCTION
Knowledge Management (KM) refers to a multi-disciplined approach to achieving organizational objectives by making the best use of knowledge. KM focuses on processes such as acquiring, creating and sharing knowledge and the cultural and technical foundations that support them. Knowledge management is not a, "a technology thing" or a, "computer thing" If we accept the premise that knowledge management is concerned with the entire process of discovery and creation of knowledge, dissemination of knowledge , and the utilization of knowledge then we are strongly driven to accept that knowledge management is much more than a "technology thing" and that elements of it exist in each of our jobs.
SOURCE OF INFORMATION http://www.km-forum.org/what_is.htm http://www.k-strategian.com/knowledge-based-value-creation/what-are-km-processes.html
FINDINGS
Features:
1.PROCESS: KM involves processes that facilitate the application and development of organizational knowledge and aims to create value and to increase/sustain competitive advantage for the organization in 3 dimensions: * Strategic dimension - highlights the strategic importance of knowledge and its management in a company’s strategy * Managerial dimension - highlights organizational knowledge assessment and management * Operational dimension - highlights the development and usage of knowledge and intellectual assets

2. CONTINUOUS IN NATURE: Knowledge Management has always existed in some form or another. On-the-job discussions, mentorship programmes, and professional training are all examples of informal knowledge management systems. As long as the

You May Also Find These Documents Helpful

  • Best Essays

    John Deere Complex Parts

    • 1426 Words
    • 6 Pages

    and its Solutions/POINTS CLÉS DANS LA MISE EN OEUVRE DE LA GESTION DES CONNAISSANCES ET DE SES SOLUTIONS…

    • 1426 Words
    • 6 Pages
    Best Essays
  • Best Essays

    Strategy

    • 4072 Words
    • 17 Pages

    Maier, R., & Remus, U., (2003), implementing process oriented knowledge management strategies: Journal of knowledge management, Vol.7 (4).…

    • 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
  • 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
  • Satisfactory Essays

    MindTree

    • 638 Words
    • 2 Pages

    Encourage employees to self-organization and collaborate through communities of practice. In that sense, people were not motivated by the creative process and their interactions with peers. KM is as much about culture and social networks as it is about technology. With this view, KM was no more reduced to content management to become a dull repository. It became a dynamic system that people can share and learn knowledge positively.…

    • 638 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Knowledge is something that comes from information processed by using data. It includes experience, values, insights, and contextual information and helps in evaluation and incorporation of new experiences and creation of new knowledge. People use their knowledge in making decisions as well as many other actions. In the last few years, many organizations realize they own a vast amount of knowledge and that this knowledge needs to be managed in order to be useful. “Knowledge management (KM) system” is a phrase that is used to describe the creation of knowledge repositories, improvement of knowledge access and sharing as well as communication through collaboration, enhancing the knowledge environment and managing knowledge as an asset for an organization. Intellectual capital is considered as a key influencer of innovation and competitive advantage in today’s knowledge based economy. Knowledge management helps in obtaining, growing and sustaining intellectual capital in organisations. This paper focuses on how knowledge management and intellectual capital helps the organization to achieve their goals and as well as the relation between these two concepts.…

    • 2575 Words
    • 11 Pages
    Good Essays
  • Best Essays

    ‘The strategic importance of knowledge management and intellectual capital has become increasingly central to the development and sustainability of a business’s competitive advantage.’ Explain what is meant by this statement. Illustrate your answer with examples from one organisation with which you are familiar. “The only certainty is uncertainty” 1 with this in mind the knowledge and intellectual capital of an organisation is a critical factor in defining competitive advantage and a key strategic resource and the ability of any company to create a product or service. Customers now have more and more choice in where to purchase goods or procure services especially with the world becoming smaller due to the growth of the internet this means a company must focus on core competencies and create a unique offering to its customers current and potential. It is creating these core competencies that allow an organisation to create a competitive advantage, core competencies has led to outsourcing non core competencies. This creates a larger emphasis on sharing knowledge and compiles expertise from all areas of a business; this will help improve a business’s competitive advantage. A business must successfully integrate their knowledge, local expertise and all competencies to offer a comprehensive service or product. Intellectual capital is becoming one of the most important assets a business can have and by managing knowledge assets correctly and using the knowledge gained from one part of the business effectively in another a business can improve competitiveness. Knowledge Management has grown in recent years due to the development of technology which has made collating and sharing information quicker and simpler, allowing businesses to use knowledge and intellectual capital easily and develop a competitive advantage because of it. It is critical for an organisation to know what they know to allow them to build and sustain competitive advantage over their rivals current and…

    • 4222 Words
    • 17 Pages
    Best Essays
  • Powerful Essays

    In today’s Information Age organizations are looking more and more towards the productive manipulation of information to succeed and stay competitive. Increases in technology give rise to an increased emphasis on the human aspects of the socio-technical system: a complex system where workers and technology interact together to achieve some common objective. Accomplishing business objectives involves better understanding and implementing of technical terms: data – raw facts without meaning; information – meaningful data; and knowledge – understanding gained through taking action based on information. Organizational learning works within the confines of this data-information-knowledge progression in increasing degrees to form knowledge. As organizational learning increases, it augments and refines organizational knowledge. Knowledge management (KM) provides a way for businesses to optimize organizational learning and organizational knowledge by helping them make better decisions and take more productive actions. KM is concerned with two areas in the facilitation of organizational learning and organizational knowledge: the management of information, and the management of people.…

    • 1617 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Jhuh

    • 3562 Words
    • 15 Pages

    One day ull ask me "who do u like more me or u life ?" ill say my life ull ran away without knowing that u r my life says:…

    • 3562 Words
    • 15 Pages
    Satisfactory Essays
  • Good Essays

    Knowledge management system is generally a technical / computerized technological system where both a discipline & a managerial policy initiative that encapsulates the strategy, systems & processes that enable & simple creation, capture, sharing, distribution & utilization of an organization’s knowledge…

    • 865 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Knowledge management: The process through which organizations generate value from their intellectual and knowledge-based assets.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    There are prevalent definitions of knowledge management needing to be highlighted. First, that knowledge management (KM) is the discipline that enables productive generation, retention, sharing and maintenance of knowledge to improve the decision-making process and resulting actions. Alternatively, one can state that knowledge management is the process by which individual learning and experience can be accessed, reflected upon, shared, and utilized in order to foster enhanced individual knowledge and, thus, organizational value. It is an approach to managing thoughts, insights, ideas, lessons learnt, best and worst practices, experiences made available, etc. Managing this knowledge requires that knowledge is captured where it is created, shared between people and applied in…

    • 1565 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    the organisation, and take into account user and stakeholder requirements. The key principle is that…

    • 1611 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Kavya Project

    • 12696 Words
    • 59 Pages

    Knowledge Management can be defined as “a systematic process of identifying, capturing and transferring information and knowledge to help make best decision, exploit business opportunities and innovate”. It basically aims to bridge the gap between ‘what an individual knows and what he/she needs t know’ and ‘what an organization knows and what is needs to know’.…

    • 12696 Words
    • 59 Pages
    Good Essays
  • Powerful Essays

    Knowledge Management

    • 5512 Words
    • 23 Pages

    Knowledge management has been the talk of the town with companies moving forward to create a knowledge based environment that will ensure the progression of the companies will be able to share and pool together its resources in knowledge.…

    • 5512 Words
    • 23 Pages
    Powerful Essays