July 01, 2014

Thoughts on KM as a competitive weapon

I keep coming across the phrase of “KM is the means by which organisation can gain competitive advantage in the 21st century” which I very much agree with. It becomes obvious that organisations do have all the processes that generate information and encourages knowledge sharing but the real benefit of knowledge management as a competitive weapon and means to achieve organisational goals lies in the way they process their knowledge or lessons learned.

As individual, when we share or acquire knowledge we all have a different and unique way in which we process such information. This also applies to organisations. Organisations who actually have the necessary knowledge to be innovative and yet fail at it do realise that most time it isn’t the sharing of the knowledge that made them fail but rather the way they process the information they get from their Knowledge Management System. Personally I feel much emphasis should be on the processing of the knowledge that organisation possess because if an organisation keeps sharing knowledge without processing it in a way that they can get the best out of their KM system that would enable them to stand out then the purpose of knowledge sharing becomes vague.

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