Knowledge MEssay title: Knowledge MIntroductionIn today’s economy, corporations are constantly seeking was to achieve faster decision making, higher levels of product, better service, and process innovation to gain competitive advantage over other corporations. Various information technologies have been adapted in to corporation’s business plans in order to optimize competitive advantage. However, with the increase in competition, information technology’s applications in business no longer serve as a great advantage. The need for new business strategies arises along with the emergence of the knowledge society (Styhre, 2003) having information is no longer a source of competitive advantage. In today’s business environment, organizational knowledge is recognized as a significant source of competitive advantage, how quickly organizations determines knowledge and creates value out of it determines its competitiveness. (Shukla)
In an economy where the only certainty is uncertainty, the one sure source of competitive advantage is knowledge. When markets shift, technologies proliferate, competitors multiply, and products become obsolete almost overnight, successful companies are those that consistently create new knowledge, disseminate it widely throughout the organization, and quickly embody it in new technologies and products.
-Harvard Business Review (1998)Knowledge management is a business strategy that identifies, organizes and shares information essential to the company so it can be applied to optimize business performance. The content of this paper provides the fundamental concepts to the practice of Knowledge Management and how it should be applied. Explanation of the technology, its application in business, benefits, and the essentials of designing a knowledge management program are introduced and explained in further details.
Knowledge Management: Technology and TrendsThe practice of knowledge management is often confused with information management. So what is knowledge management? And exactly how should it work? B. Begeron (2003) defines knowledge management as “the ability to selectively capture, archive, and access the best practices of work-related knowledge and decision making from employees and managers for both individual and group behaviors.” Knowledge management is still a relatively new practice in business organizations today and since it is a very broad concept; there is no certain definition of how it should be practiced.
The concept of recording knowledge first began about 15,000 years ago; it began as writing down selected knowledge of society’s rules, regulations, and cumulative knowledge for the government. In Mesopotamia about 5,000 years ago, people began losing track of the thousands of baked-clay tablets used in recording legal contracts, tax assessments, and laws. Thus, result in the first institution aimed for knowledge management, the library. The library was located in the centre of town and collections of knowledge tablets were organized by knowledge managers. (Bergeron, 2003) Through out the 1900s the concept of knowledge management has also been applied in the military in the form of command and control. (Harvard Business Review, 1998)
In a knowledge organization, defined by Bergeron (2003) as “corporations that take a systematic approach to capturing information”, knowledge and knowledge workers are treated as the organization’s most valuable asset. Therefore, the sharing of knowledge between employees is essential in knowledge management. But how does an organization make this work? In order for a knowledge management program to be successfully applied, several key factors must be considered: employees, leadership, application of information technology (to be discussed in later section), and most important of all, knowledge.
Knowledge workers serve as the basis of information sharing in a knowledge organization, as mentioned before, knowledge workers are treated as one of the company’s most valuable asset. Bergeron (2003) define knowledge workers as “employees and managers who contribute significantly to the intellectual capital of the company.” To get the most out of its workers, some form of incentive that encourages the sharing of information must be created. This increases internal competition to achieve the overall goals. An example of this is Buckman Labs USA, a biotech firm that reorganized it self to optimize knowledge sharing. Buckman Labs created a knowledge transfer department to co-ordinate effort; employees best at knowledge sharing gain both financial rewards and management positions. (Sveiby, 2001) The training and education of knowledge workers is also important
The Role of Science In Information Technology
The most commonly used example of information sharing is science. Scientists are considered one of the most efficient, cost-effective and efficient members of the information society. Science is a crucial part of any information society as one of the many things that contribute directly to the understanding of the physical world, our understanding of it, and any other scientific knowledge. Most people see scientists through the lens of their work. They view their work as something to be understood with understanding, allowing some of them to understand that which their colleagues are interested in and how well the understanding of their work contributes to the value of the information they obtain (Sveiby, 2001). Most people also feel more confident about their abilities at sharing their work in their work environments, which have created a sense of safety, safety, accountability, trust and self-worth.
In order for information to be valued, it must be used, and it must be shared between colleagues, colleagues, organizations, and other stakeholders (Amey, 1994). In order for the information to be valuable, it must be shared among individuals, through shared relationships. The creation of new ideas, new workflows, and new ways to influence the value of knowledge are just a few of the possibilities created by information sharing. It can be understood and encouraged when it occurs to share new data and data can occur to a better understanding of the world. Research is critical to understand the value of data, since shared data and data flows can contribute to a system by promoting the idea of distributed solutions to problems.
The importance of a sharing of information between information society members can be best understood by understanding that such collaboration is needed not only in the information technology sector, but as a mechanism for helping the members of the information society engage in their shared activities. For this reason, many members of the data society feel comfortable sharing information with each other over the Internet, while members of the information society have difficulty sharing information with each other by relying on others who are not a good match to collaborate on data sets, services and systems (Kunzer, 1991).
Many organizations maintain that sharing intelligence is one of the most critical aspects of their information society. Most organizations and many groups encourage or encourage the sharing of any type of information to the community that is not in line with their principles. These organizations also seek to protect their organizational systems and institutions from attacks by information society participants and for this reason this is a critical topic for them. The only reason members of the data society would fear the sharing of data would be for the sake of their organization. These organizations will seek the information sharing of members to maximize their control over the resources they use to improve their organization organization and will take steps to increase the effectiveness of their organizations.
Types of Information Sharing Methods
The categories we will explore below are for use in the next section but not in this post. Each section will highlight an approach that is applicable to each of the types of information sharing methods that are mentioned in the next section.
Types of Information Sharing Plans
A common method used by members of information society to plan information sharing involves the creation of organizational units of knowledge, which can be used to plan a project. A plan of information sharing consists of the development of and evaluation of a set of internal models of knowledge that describe the basic structure, methodology, content, objectives, procedures, organizational model, and requirements of the organization.
Planning is