All entries for Saturday 20 April 2013

April 20, 2013

Gather, Retain and Use

This course has been about managing a company’s assets with the use of knowledge management tools and techniques.

Knowledge management in itself is a very vast subject and can be considered to be very helpful in the success of most companies these days. The aim for these companies is to acquire, retain and distribute the knowledge gained within the company and make it available to every individual to use for the betterment of the company.

Knowledge management for each company can be different as it depends on the size of the company how well it can gather, retain and use that knowledge. Large companies tend to use a sophisticated IT system to gather, retain and use knowledge whereas SME’s would not opt to invest a heavy amount of money in to an IT system due to lack of funds etc. They would rather invest in training, workshops etc.

How to make decisions

Decisions are never made on a spur of the moment and even if they are they would not be considered robust decisions from any angle. The reason for the necessity of a decision to be robust and well thought out is quite logical. Without any clear thought or planning going in to a decision there are no considerations about what the after effects of that decision would be in the long run.

There is an imperative need for decisions to be based to sound and provable data which can be gathered from a number of tools such as the ones used by my team members and I in the WaveRiders presentation.

However, there should be a consideration of the fact that financial data is not the only data which should be considered when making such big decisions for a company such as WaveRiders. There should be considerations of long term goals etc.

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