All entries for Monday 02 March 2009
March 02, 2009
First Day of KBAM
We had an introduction to the module of Knowledge-Based Asset Management this afternoon. This module runs for two weeks. I was not surprised with the whole week of team study in first week and half team studies + half seminars in second week. Self-study and study with different people in a team is an important way of learning in the MBE course. Yet, KBAM is the one has the most team studies and self-studies since the course started. So, I am blogging now - at the first day of KBAM. ^_^
Knowledge assets are the knowledge regarding markets, products, technologies and organisations, that a business owns or needs to own and which enable its business processes to generate profits.
Knowledge management involves the identification and analysis of available and required knowledge, and the subsequent planning and control of actions to develop knowledge assets so as to fulfil organisational objectives.
Nowadays, enterprises, especially big enterprises, are realizing the importance of knowing what they know, i.e. know what their knowledge assets are. Moreover, they need to know how to manage and utilize these assets to make maximum return. The marketplace is increasingly competitive and the rate of innovation is growing, it is therefore very important for a company to renew and apply its knowledge to business to increase its competitiveness.