May 02, 2013

Managing the knowledge

Knowledge is the basis on which a company can achieve greatness if it finds away to collect, store and use that knowledge. Knowledge is to no ones advantage if it is possessed by only one person who can then be transferred or tiered taking the knowledge they possess with them from the company.

The purpose of knowledge is to be harnesses by the organization and for everyone within that organization to be able to use that knowledge to improve a process or method.

Hence, its clear that knowledge plays a critical part in the management of assets as well. The link is visible in the way the assets are managed and how they are maintained during their lifecycle.

Knowledge management is the road to excellence in y opinion as the Demings cycle of continues improvement is achieved through the constant gain in knowledge.

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