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Essay On The Importance Of Individual Knowledge

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The advent of the Internet and the World Wide Web as well as its resources has made limitless sources of knowledge accessible to us all. There are different sources of knowledge that contribute to the body of knowledge in any profession. There have been concerns as to what knowledge is beneficial to the success of the organisation. A firm only gains sustainable advances from what it collectively knows, how efficiently it uses what it knows, and how rapidly it acquires and uses new knowledge (Davenport and Prusak 1998). This goes to say that the knowledge base of any organisation should not be limited to a category of people within the organisation but to every member of its workforce. In essence, individual knowledge and organisational knowledge are complementary in making an organisation more viable and competitive. A prerequisite to the success of an organisation in today’s economy is to learn from its past errors and not reinvent the wheel. Proven and valuable lessons learnt from past experiences need to be engaged to offer best practices at every point in time.
Knowledge management represents a careful and organised approach to guarantee …show more content…

Knowledge management came to be as a scientific discipline since then. Right from then, KM has been a multidisciplinary approach for actualizing organizational objectives by making the best use of knowledge. Researchers at Kent University noted that knowledge Management was originally supported by individuals, when Skandia engaged Leif Edvinsson of Sweden as the world’s first Chief Knowledge Officer (CKO). Sanchez (1996) emphasizes that the field of knowledge management encompasses on-the-job discussions, official apprenticeship, dialogue forums, corporate/academic libraries, professional training and even mentoring

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