Knowledge Management Coursework Example | Topics and Well Written Essays - 3000 words

familiarity Management - Coursework Example intimacy vigilance is highly reliant on people. The staff, the employees all carry cognition about the company and they are the ones that carry out intimacy management. At the end of the day knowledge technology does play a great part but the human component is way large and way more necessary. Information technology will help in developing a knowledge management system and the success will depend on how well the nurture is organized and stored. The information however comes from the human beings. It is important for them to be encouraged by the organization. There should be a precise caring, social and interactive organizational nuance for knowledge management to thrive. Often companies used to restrict portal to information often employees would not bother sharing information with others with regards to their own personal promotion or job safety. But now organizations have modernized, they prevail concrete steps to make sure th at the culture is more candid, more relaxed and everyone is more at ease. Knowledge sharing only takes place when the culture is open to it, people are at enough ease to open their minds up and share their knowledge with superiors and inferiors both. Knowledge rather than capital or labour is the only meaningful resource a company has gibe to Drucker(1993). Capital and labour are actually pretty volatile resources when you think about it. They provide you with stability but there is no guarantee that they wont leave you. Capital can be lost when faced with a crisis, employees leave and all of them dont stay for a desire time but knowledge is one factor that is constant. It can be stored in repositories for ages it can be further analyzed and disseminated. Every human process result is a key success factor which should be stored. All the developed economies are now moving from industrial to knowledge based rescue as they realize the importance. Defined broadly KM is the process through which organizations extract value from their gifted assets (Kaplan, 2002). Intellectual assets in this case are their employees and managers not the information technology systems that a company has. Employees go past a lot of time in a company they learn the inputs, processes, outputs. The experience they gain is highly valuable though intangible. This true information has to be stored somewhere an employee can leave anytime and can take the expertise to another organization. Knowledge management is made in two dimensions. One is to manage the subsisting knowledge by creating repositories, knowledge compilation, arrangement and categorization. The second is the activities of knowledge acquisition, creation, distribution and application. (Stenmark, 2001) Knowledge management to a fault consists of administering the knowledge assets of the organization which is the human resource. Knowledge modelling is a process that helps in achieving those goals. Knowledge management in cludes identifying and mapping knowledge within the organization. The end objective is to generate enough amount of knowledge that the handicraft can gain competitive advantage. Knowledge management also observes the whole lifecycle of an organization, from the beginning to the possible end. It sees how the organization has changed over time, how it has adapted to the external environmental challenges and how it became successful (Mathi, 2004).