May 31, 2010

Knowledge Management

Writing about web page KBAM

In today’s corporate sphere of hyper-competition, one of the key elements of gaining competitive advantage is Knowledge Management. This concept arose in 1991 and is increasingly applied to multiple fields apart from business administration. KM essentially is the management of insights and experiences of individuals and those involved in organizational processes. KM lays emphasis not only on performance improvement but constant re-invention and innovation. However, the critical element here is how that knowledge is diffused within the company, which propels organizational learning. Strategic Consulting firms have a pivotal role too in providing KM related advice to companies.

To remain at the forefront organisations need a good capacity to retain, develop, organise, and utilise their employees’ capabilities. Knowledge and the management of knowledge appear to be regarded as increasingly important features for organisational survival. Explores knowledge management with respect to its content, its definition and domain in theory and practice, its use and implications, and to point out some problems inherent in the concept.

After going through the learning process of this concept, I think this will be valuable for me in the future when it comes to manage an organisation and try to capture everyone's knowledge, disregarding an employee's position, there is always something to learn from all levels

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