Furthermore, human capital is not only about education or job experience, in fact, many other factors such as health and personality traits like determination are highly likely to change an economy circumstances. Thus, it is important in all aspect of our lives. By implying this to our recent social daily life, technology affected productivity the most. This is because as we move deeper and deeper into a knowledge-based economy that depends on information, knowledge and high-level skills. Thus, human capital will become increasingly important.
And through a firm belief on the use of technology in people’s lives, the ideology of technological determinism has emerged. Douglas Kellner (2002) enumerated significant points of each side. Supporters argue that technology creates a new economy and thus producing a renewed wealth of nations. Through the breakthrough of new technology, the structure of the economy is reconstructed so much so that small firms are given the opportunity to compete and flourish with larger firms. Moreover, it has increased the quality of a number of social aspects, such as education and recreation, among many others.
Lots of people who use knowledge at work and have some degree of education (taxi drivers, for instance, have geographical knowledge and might even have a degree) cannot be defined as knowledge workers; it is central that the role of knowledge is essential to the job, that they rely on their brains rather than other people, and that they are either experts or highly educated. Even so, the demarcation of one and another is sometimes a matter of judgment and subjective interpretation. Knowledge workers are essential to an organization, who will therefore aim to launch and harness their productivity in order to be successful (Davenport 2005) but they can nonetheless present challenges. Like for instance trying to reconcile the organization’s culture and the worker’s way of carrying out his job. Further, knowledge is not easy to be structured or
4.0 Benefits of using / having knowledge management Knowledge management plays an important role nowadays by making knowledge available for others through transforming tacit knowledge to explicit knowledge and explicit knowledge to tacit knowledge. This research study shows how knowledge management principles could be used in managing industrial training. At this point of time, industrial training is gaining importance as universities are realigning their curriculum to suit industrial needs. The industrial training apprentice program aims to adequately prepare students for the job market. For that, Knowledge Management of Industrial Training System (KMITS) has been designed for computer science and information technology students to shows how
According to the article, ICT has helped to increase the productivity in organizations, which in turn enhances hourly charges to motivate workers to work more and in turn reduce their leisure time. The article explains that with the development of Information Communication Technology, particularly computers, a new economy has been created, known as the Knowledge Economy (KE), where knowledge workers are paid less than other traditional knowledge employees in other sectors. The article further explains how organizations have transformed designations in the workplace in an attempt to take away some specific rights for specific types of
KM Process: There are usually 4 Stages of KM Process:- 1. Knowledge Creation/Generation There is a vast amount of data created everyday in day to day activities of organizations. These data needs to be managed efficiently and effectively so that it can be reused to find solutions for a new type of problem or can be used to add values to business activities. For example, the technology organizations can use the feedback it gets from its customers to improve its products through better R & D. The gap of fulfilling knowledge requirement for companies generally cannot be met by available knowledge assets. It has to be filled either by developing new knowledge or acquiring the knowledge from external sources.
Knowledge Management Audit On People and Organization Culture Aspects 1. Introduction According to Eddie Chan (2015), KM audit occur in the early stage either initiate analysis or planning stage. The purpose of KM audit is finding out the gaps of an organization’s actual knowledge management and desire knowledge management so that assure the KM activities in the organization run properly and effectively. Hylton (2002) showed that most of the knowledge management undertook in an organization or corporation operated slow or even not success at the end. The paper had summarized several reasons for the failure of knowledge management such as lacking supporting and did not state the objectives of the organization clearly.
has been a leader in financial technology innovation and implementaaation for our country. After extensive consultation amongst senior leaders, a KM program has been thought of as necessary for the future growth of the firm. This will catapault our maturity as a corporation and be a leader in the domain of Knowledge Management for our industry. Knowledge Management is a necessary step to provide disciplined framework, access and technique for sharing knowledge across the Organisation and provide employees the means to act better, faster and efficiently. This program is designed to create lifetime, long term value for the the firm.
One of the new patterns in Knowledge Management (KM) is emerging from its relationship with advancement. In today's exceptionally focused business world, innovation is said to be the key variable that has the capacity drive companies or organizations to make esteem and compete worldwide opponents. As indicated by Pei (2008) that Knowledge Management highly emphasizes on the arrangement of knowledge to increase competitive benefit and innovation obliges information of knowledge to make new services or products, technologies, and/or managerial systems. It is subsequently sensible to say that knowledge management is relied upon to create the wellspring of knowledge that is vital to help innovation. As to this, it is critical to comprehend and