MBA - 20 Part-3 Unit3
MBA - 20 Part-3 Unit3
SELF DEVELOPMENT
here are 10 things you can do in your daily life to improve your personal development.
2. Find a mentor.
A mentor can be anyone from a peer who knows something you don't, and you want to learn, all
the way up to someone vastly more experienced who is willing to take you under their wing (in
exchange for your working in some way for or with them). Mentorship is by far the fastest path
of learning.
# 1 – Become more fit and healthy (and in particular, lose weight). Yes, this is a nearly
universal desire. Closely connected to this response is the second most commonly-voiced
aspiration: to exercise more and become more fit and healthy. We’ve combined these two as our
Top Goal.
#2 – Find our purpose in life. No small task. Some people surveyed were seeking to understand
why they were put on Earth, while others were specifically wondering what they were “born to
do.”
#3 – Acquire more skills for success. The desired skills vary markedly from person to person,
but in general, people are wishing they could sharpen the skills that lead to scholastic, career, or
life success.
#4 – Improve our personal relationships. Some people want to become more outgoing, in
order to be better at building new relationships. Others wish to improve the relationships they
already have. Some asked for the emotional maturity to handle relationships better.
#6 – Develop a higher level of self-esteem and positivity. When you think about it, if you
could achieve goals 1-5, number 6 would probably take care of itself! So maybe this aspiration is
actually
21 personal/ Self development goals example that will aid and augment your personal growth
journey into a happier more confident you.
The above mentioned personal development goals have been listed so that you are able to life of
your dreams by setting achievable personal goals that make you a better person. So, it’s never
too late.
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KNOWLEDGE MANAGEMENT
Knowledge management is the process of creating, sharing, using and managing the knowledge and
information of an organization. It refers to a multidisciplinary approach to achieving organisational
objectives by making the best use of knowledge.
Knowledge management is important because it boosts the efficiency of an organization's decision-
making ability. In making sure that all employees have access to the overall expertise held within the
organization, a smarter workforce is built who are more able to make quick, informed decisions that
benefit the company.
1. Facts
2. Information
3. Skills acquired through education or experience
4. Understanding of a subject
5. Awareness
6. Familiarity of a fact or situation
1-Data – This is raw data or facts that are available to you. When this data is processed, it
becomes information that can be distributed to members of your team.
2-Information – Information is the outcome of processed raw data. To create information, data
has to answer the five W’s, “who, what, where, when, and why”.
3-Knowledge – Information becomes knowledge after it is analyzed while taking your own
experiences into account. At this stage, knowledge can be used to make decisions.
4-Wisdom – When you have acquired knowledge, you can use it in conjunction with your
experiences, expertise, and personal judgments to form wisdom.
KM NEEDS:
1. Knowledge management as a business strategy.
2. Transfer of knowledge and best practices.
3. Customer-focused knowledge.
4. Personal responsibility for knowledge.
5. Intellectual asset management.
6. Innovation and knowledge creation.
Effective management of knowledge offers following BENEFITS:
1. Promotes creativity and innovation.
2. Reduces cost of production by achieving economies of scale.
3. Reduces loss of intellectual capital for the organisation.
4. Increases productivity.
5. Breaks communication barriers within the organisation.
6. Gaining a competitive edge in the market place by converting intellectual assets into value.
The important first step in knowledge management is the identification of the knowledge
requirements of the organisation. The knowledge requirements may vary from organisation to
organisation, depending on factors like the nature and scope of its business, competitive and
other business environments, future plans, etc.
Once the data needs are identified, the next step is identification of sources of data for generating
the required knowledge. Data/knowledge may be readily available somewhere. If they are not
readily available, primary data will have to be gathered and the sources of such primary data
have to be identified.
The next stage is acquisition/generation of knowledge. It may include acquisition of books and
other publications or other available materials, sourcing from internet, etc. Collection of primary
data or generation of entirely new knowledge may be done in-house or may be outsourced.
Outsourcing even R&D is common today.
Process # 5. Storing:
There must be a proper system for storing the knowledge so that they are available at the right
time to the right people.
The organisation shall also have an appropriate policy regarding knowledge management,
including a policy in respect of accessing information, sharing/disseminating knowledge,
protecting its knowledge base, etc.