From having discussions with my group project, it makes me realize that in order for an organization to become excellent, creating learning organization is really significant due to sharing knowledge will raise learning, in turn, learning encourage improvement, improvement can help to have better performance, and the better performance will help the organization boosting up profitability. Therefore, the learning organization theory cannot be ignored.
In my view, I think the knowledge management is the first thing that should concern before having an asset management. This is because if the company can encourage people share knowledge and create learning, the people could be able to have systematic thinking. By having the systematic thinking or rational thinking, it could help in managing the asset. The knowledge management should start from individual level, to team level (or department level), and then expand into organizational level. As more learning expand throughout the organization, the shared knowledge can be a part to help in improving the asset management. For example, as my group using the lean six sigma in resource utilization, the DMAIC could be one systematice approach of thinking that could allow the people in the department to think more rational. After the knowledge and asset managements are applied within the EFQM model, starting from leadership, followed with people, strategy, partnership and resoource, and processes, products and service (ENABLERS), it will enocurage the organization to improve the performances in RESULTS side. For instance, as the company has health and safety management, by concerning more on people, it will reduce accident while the workers working, which in turn, there is no obstacles for the employee to run the working processes. Thus, the outcomes of the work or performance will be better.
Therefore, in the real- life business, when set up an organization or continue doing any businesses, it is vital to concern on having knowledge and asset management as it can be a necessary factor that helps the company boost up the incomes.