June 15, 2013

The power of Knowledge

The knowledge each worker possesses is of great value in today’s fast paced technology reliant world. It is no wonder that great management gurus such as Drucker and Deming consider workers to be of great value to an organization.

Today’s organizations require innovation and we all know that for innovation there needs to be an amalgamation of different ideas and perspectives. Team work and brainstorming is said to be a key activity in today’s organizations. Managers need to properly manager their knowledge assets (workers) in order to gain a competitive edge in today’s economy.

In the case of WaveRiders the consultancy has devised a Knowledge management plan which will not only manage the current knowledge assets but also store the knowledge as it is being learned by all its workers. This can be called a knowledge inventory which can be used by future workers in order to help them trouble shoot similar problems etc.

All in all knowledge is of great importance in the 21st century for any organization to succeed and so it is my opinion the KM strategies should be devised properly with regards to the company’s individual needs and characteristics.

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