Knowledge engineering and use of knowledge bases in knowledge acquisition of experts and utilization by knowledge workers in select areas like problem solving, is coming up as a technology solution to capture and store knowledge in knowledge intensive organizations. The study was unable to collect data regarding these as we observed that these activities are right now less in practice, unlike in more advanced countries. Another limitation of the study was that the study could not collect information about intellectual capital reporting by information technology firms in general. This is because in our developing context, the knowledge management activities are in an evolutionary stage. In future more and more companies would come out with intellectual capital reports and balance sheets showing intangible 64 assets.
CONCPT OF KNOWDEDGE MANAGEMENT AND ITS ROLE IN RELATIONSHIP MARKETING: KNOWLEDGE MANAGEMENT: The process of capturing and distributing of knowledge is known as knowledge management. According to literature of knowledge management, knowledge is mostly specified as explicit or tacit. The specification is simple though, the important thing is that it is confusing. The purpose of knowledge management is to make sure that the specific information is given to the correct person on correct time to make correct decision for the specific matter that would be the appropriate use of knowledge and the purpose knowledge management needs. GOAL: The goal of knowledge management is to improve the organizations decision making quality skills, by ensuring
Alavi & Leidner 2001 According to The goal of Knowledge Management is to efficiently apply an organization 's knowledge to create new knowledge to achieve and maintain aggressive advantage. The significance of traditional Library and Information Science skills for Knowledge Management practice in the views of resides in the fact that the information profession has the theoretical basis and practical skills to provide the essential elements of knowledge management (Abell and Oxbrow (2001). Abell & Wingar 2005 According to It seems not likely that any single profession or obedience would be able to take on any one of the new roles demanded for contribution in Knowledge Management without some further development of their skill base. Loughridge 1999 said that Knowledge Management differs clearly from the theory and practice of Librarianship, information management and information resource management. It requires / required a new set of skills among Library and Information Science Professionals if they wished to have any successful role in this domain Concept of Knowledge
The importance of knowledge management in Organizations Knowledge management is very vital for the success of the company and as well the industry wide in my readings of enormous articles titled knowledge management I have summed up the following points. For centuries of years many experts across different disciplines such as philosophers, scientist, business analysts and intelligent laymen have been concerned about creating acquiring and communicating knowledge and improving the reutilization of knowledge. That involves basically creating the knowledge store it, sharing it and retrieving the knowledge so that process of the knowledge management will stay competitive and would create competitive advantage. The mastermind behind the knowledge
Transformational Leadership and Knowledge Management In this era, that we called knowledge workers era, knowledge is extremely important in order to gain sustainable competitive advantage according to Yaghoubi (2014). Organization can obtain, capture and utilize knowledge with the help of management to protect and keep the sustainability in long period. Knowledge management is use to maintaining success of organization. Knowledge management is process of creating and developing knowledge in organization with systematically effort to find, to create, to make access and to apply all intangible resources and to flourish the learning process in organization. It is a complex and time consuming, it requires precise and clear understanding every
INTRODUCTION Knowledge management has become a factor that ensures the success of the organizations and the continuity of their businesses. Especially in today’s 21st century, organizations are competing to stay competitive. They must know how to implement and use knowledge management in effective ways. Knowledge has to be used in the organizational process in order to achieve sustainable competitive advantages. Knowledge management also creates innovation and ideas that are unique from others.
Over the recent years, we have been exposed to the importance of knowledge management. Generally, knowledge management can be defined as the process that involved identifying, capturing, evaluating, distributing, and effectively sharing and using knowledge (Koenig, 2012). It played a significant role in many organizations. Sandhawalia and Dalcher (2011) support by stating that many organizations realize that the effective use of knowledge assets and resources giving them the ability to innovate and respond to fast changing customer expectations as well as help support a range of critical operational and innovative activities. The existing knowledge on the individual is valuable.
ABSTRACT: Managing the knowledge that belongs to organizations is a very important aspect of organization’s success. Knowledge, tacit and explicit, are considered as a critical organizational resources. However, one of the most difficult tasks in knowledge management is to distribute knowledge to the right people, or make the knowledge available at the point where it needed. For a university, tacit knowledge is vital to the society because it the most important source of new knowledge, in the form of discoveries and innovations. It is the result of creative minds applying their tacit knowledge to overcome certain condition that need solutions.
II. Literature Review Knowledge Knowledge is processed information. According to the researchers Gammelgaard and Ritter (2000), knowledge can be defined as: “A fluid mix of framed experience, values, contextual information, and expert insight that provide a framework for evaluating and incorporating new experiences and information. Knowledge originates and prospers in the minds of experts. In organizations, it often becomes embedded not only in documents of repositories but also in organizational routine, process, practices, and norms.” Since most of the knowledge is internally suppressed within the minds of the experts, it is important to investigate the major factors which influence knowledge sharing strategies in organizations generally and schools specifically.
Knowledge Management and Organizational Performance: A study of African Firms INTRODUCTION Knowledge is considered as source of competitive advantage in today’s knowledge economy. Firms are increasingly developing interests in knowledge management as result of the fact that empirical evidence shows that they result in competitive advantage. Knowledge management (KM) has become an important theme at many large business firms as managers realize that much of their firm’s value depends on the firm’s ability to create and manage knowledge. The competitive advantage firms get from knowledge results from the new products, services, processes and administrative procedures that they derive from knowledge management. Innovation management is becoming