1. Introduction
Today's rapidly expanding markets and fierce competition demand frequent updating of organization knowledge. Knowledge has become the key strategic asset as well as the most important competitive advantage. By knowing more, organization becomes more capable of satisfying the needs of its stakeholders, employees, customers, and any other party with whom it interacts. Also, through knowing how organization affects its environment, it can work accordingly so as to reduce its environmental impact to a minimum in order to save our planet- our only home. Expanding knowledge, and efficiently utilizing it, leads to an undeniable sustainability which is crucial for any organization.
The global economy has different characteristics
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The more knowledge it assimilates, the more powerful it becomes, and this clearly portrays the need to keep itself continually updated, so that it is conditioned and fit to win in the marketplace at all times.
There is a long history for Knowledge Management (KM) efforts. It has been developed from simple activities such as having corporate libraries, discussion forums, mentoring programs, and professional training to more advanced efforts with the advance of information technologies and the wide use of computers such as group decision support systems, expert systems, knowledge systems, and knowledge repositories. Moreover, Internet has an important role in spreading and sharing knowledge across the world.
As knowledge progressively turns into the key asset without bounds, the needs to create thorough understanding of knowledge methods for the creation, exchange and organization of this extraordinary resource are getting to be basic. Despite an internationally growing and exceptionally focused knowledge-based economy, the customary associations are desperately looking for central experiences to help them sustain, gather and deal with the gigantic capability of their knowledge resources for ability to exceed expectations at the main edge of
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One of the definitions highlighted that there are two types of knowledge; the first type is called a tacit knowledge which is more about knowing how, while the second type is called explicit knowledge which concerns about knowing about (Grant, 1996). Another description for knowledge is that it is fundamentally the realization and comprehension of information and its related trends (Bierly, Kessler & Christensen, 2000). Hence, knowledge and information are not equal. Knowledge can be considered as second order construct which is built on information as its basic building blocks. Thus, knowledge is utilized to compose the organizational
“This king is the richest and most noble lord of all of this region due to the abundance of gold which is collected in his land. ”(Mansa Musa). During the Empire of Mali, Mali was considered a site of cultural exchange thanks to all the money that they had. Cultural exchange means there was an exchange of ideas and different cultures.
With reading ATP 6-01.1 it has helped me to understand the meaning of Knowledge Management and Knowledge Management tools that we use every day without realizing that we are. As a society we are spoiled to the amount of digital information that is so readily available to for us to use. The use of computers, tablets, smart phones are tools that we use every day in the military and in the civilian arena.
This day and age, change has become the new norm that shapes and develops the business world and global economy. A rising topic that has shepherd the direction of innovation is climate change and environmental awareness. The sustainability of a company encompasses their ability to manage social and environmental risks, obligations and opportunities. This concept is important for managers and to understand and implement because of government regulations and potential cost efficiency. In Oregon, there are numerous companies that express the importance of being sustainable.
Through these two essays, it became clear how knowledge such as collective knowledge can heavily impact the way a system of organization is meant to be. Whether it is in Davidson’s classroom example containing a thoughtful teacher and desperate student in need of graduating middle school, or in Steven Johnson’s example with the ant colony where evolution assisted the collective thinking of all the ants, collective knowledge is a great thing to utilize. As hinted by Cathy Davidson before, being an expert at something means one is required to put in a humongous amount of time to work in their area of expertise and always produce significant results in their systems. This is highly ineffective, and as Johnson stated, “you don’t need regulations and city planners… All you need are thousands of individuals and a few simple rules of interaction” (199).
Philosophy reached an all-time rise during the 17th and 18th centuries. Following philosophy were the sciences, such as Astronomy and Geography, which advanced drastically during this period. The rise of Philosophy led to the decline of the church’s influence on the people, which led to a decline of faith and the church labelling philosophers as heretics. The Catholic church was prepared to do anything to crush these heretics in order to preserve the Catholic faith. Also, the inquisition extremely active during this time period, for hundreds of thousands of heretics were killed and/or burned at the stake.
At school, learning about my nation’s history and where our ancestors came from piqued my interest in experiencing other countries’ cultures. Throughout my elementary and secondary school years, my career
Introduction Homer Stryker, an orthopedic surgeon, founded Stryker Corporation after World War II. Stryker Corporation was established to create new medical tools and improved medical procedures for patients to help them heal faster and more efficiently. In order to sustain their twenty percent rate of return, and to generate continuous growth and innovation, Stryker relies heavily on acquisitions. One of Stryker’s more notable and largest acquisitions was Howmedica worth $1.65 billion. Large acquisitions can be risky, so we will access Stryker Corporations industry factors and explain why their detailed capital expenditure process works.
(World Economic Forum, 2021) What We Think vs. What We Know
1.7.1 intellectual capital Since 1990, intellectual capital has been an interesting topic for researches and practitioners in European countries and Asia as well. Literature provides a number of definitions for intellectual capital; for example, IC is “a stock of focused, organized information that the organization can use for some productive purpose” (Edvinsson & Sullivan 1996, p. 357). Intellectual capital “focuses on organizing the knowledge resources in order to make knowledge manageable and is about actions and activities linked with knowledge, which are not easy to represent” (Mouritsen et al. 2001a: EmidiaVagnoni Chiara Oppi , 2015, p. 335).According
The primary purpose of a knowledge management system in an organization is to create value within the organization by maximizing use of knowledge (Leidner & Becerra-Fernandez, 2008).
Technology can be defined as “the branch of knowledge that deals with the creation and use of technical means and their interrelation with life, society, and the environment”. (n.d.) Therefore, when we speak of technological evolution we can say that it is an “innovation and technology related hypothesis that describes the fundamental change of society through technical development”. Different theorists have their own perspective on the evolution of technology but, although each of their views differs from another, they shared certain common features, mechanism, and incidence in technology. Some theorists have developed distinct approaches to understanding the nature of the technological process and the relationship between technological development and the social world.
SOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.
Apple Company Apple Inc. is a private company, and it is one of the world 's most famous technology and computer companies, located in the United States of America. It is a multi-national company. Its main business depends on specialization in manufacturing, producing, developing, improving and selling software, smartphones, computers; It has a series of electronic devices, such as iPad, iPhone and Mac. The origin of Apple Company Founded by Steve Jobs and his co-pilot Steve Wozniak, Apple Computer was able to design a computer in the form of the beginning of Apple computers in the time period Between the years 1981 to 1985; since 2005 until now, Apple has seen many developments; successive successes.
Knowledge management is a process to ensure that knowledge developed through individuals and group work activities is effectively captured and made available to those who may benefit from it. An example would be to build into project plans the time for review and to identify at the outset how information, knowledge and experience will be captured, stored and shared with other individuals and/or areas of the organisation that may have an interest in the experience and knowledge gained as a result of the project. The importance and value of knowledge management has been brought into sharper focus in the current climate of financial constraint and the need to do more with
Instead of doing the same thing every single day, it is beneficial to try new things. When people experience new things, and are introduced to new material, they are learning. Some people do not realize it, but we all learn something new every day. Learning is a relatively permanent change in behavior or knowledge that results from experience. Learning can be adaptive and flexible to meet life’s demand.