June 16, 2013

June 6th – How does knowledge management help

A knowledge audit assesses potential stores of knowledge and is the first part of any knowledge management strategy. By discovering what knowledge is possessed, it is possible to find the most effective method of storage and dissemination. It can then be used as the basis for evaluating the extent to which change needs to be introduced to the organization.

Basically, the knowledge management part is trying to solve the problems like the lack of awareness of information elsewhere in the organization, Inability to keep abreast of relevant information, common use of out-of-date information and not knowing where to go for expertise in a specific area.

Additionally, products from company would allow the building of the corporate memory. People must be able to share the knowledge they have with others in the company who need. This is a knowledge database part.

Then, in order to facilitate better training (which produce better staff and therefore better results), Wave Rider should implement a program to identify what skills staff members have and what skills they need to do their job. This could involve a Knowledge Inventory in specific departments of the company. Each employee could fill out an Experience.

Besides, Wave Rider also could implement a Best Practices Program. This will require an analysis of boat making core competencies.

Another factors is that we know Wave Rider has various knowledge needs that can only be met by outside sources. For example, the news sources, trade and industry sources, government regulation, etc. It is impossible for any person to monitor all these sources of knowledge. A good solution to this problem would be a corporate portal. Offer corporate portal software that allows companies to monitor many different external sources of knowledge.

This is also helpful in other type of comapies in reality.

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