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Organizational Knowledge Management

We shall be discussing the estimate of organizational knowledge management and how it should be understood. We shall also discuss the role of organizational knowledge management and its impact on organizational performance.

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68 views3 pages

Organizational Knowledge Management

We shall be discussing the estimate of organizational knowledge management and how it should be understood. We shall also discuss the role of organizational knowledge management and its impact on organizational performance.

Uploaded by

papabaks
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Organizational Knowledge Management

What is Knowledge?

Knowledge is information gathering, as well as access to information. This may include the
implementation of data in the form of hypotheses, procedures, framework or type of evaluation,
speculation, reflection and research. There are different types, but the most important aspect is
the hypothesis that knowledge goes beyond data and information. As Wang and Noe (2010)
stated, the information will be transmitted by individuals, including ideas, information,
experience and judgment identified by group or individual execution. Information is a blend of
organized understanding, opinions, basic background information and the main point of view
that a system can generate.

Based on the organizational description, knowledge can be described as what people know about
a system, records and achievements. Knowledge can be deposited in databases and can also be
obtained through different platforms, for example through the exchange of business ideas or
good practices within and outside the organization [ CITATION Das09 \l 1033 ]. However, it is
argued that organizational effectiveness cannot be achieved exclusively from the existing
information base, rather, with the ability of the organization to successfully apply the current
knowledge base to create new innovations. Internal and external learning activities provided by
external partners in a company define the knowledge base of the organization. It is said that the
externalities ensuing from the buildup of knowledge are more essential for innovative activities.

Systemization or customization is regularly integrated into the procedures of organizational


knowledge management. In a personalization approach, direct personal contacts are the
protection of the person who creates the information within the organization. Again, the
codification method implies that individuals in an organization quickly organize and store
information in the databases they obtain and use regularly with different level of security.
Thanks to the information provided by organizational managers, administrators can easily access
new data and use them to modify forms, which makes it easier to predict future needs, based on
accessible and authentic data.
Knowledge management

Knowledge management is a key element of any organization's development strategy on how its
speed, its challenges and the market opportunities are managed. The organization combines
capital with the most precious resources, common knowledge, skills and experience. Knowledge
management will promote methods and techniques that can help create and effectively transfer
organizational knowledge. General interest in knowledge management across the globe is
sometimes unknown, but you can be creative based on what you know. Organizations appreciate
and succeed not only in what they know but also in their ability to creatively and actively
advance what they know.

The impact of knowledge management systems on performance is mainly linked to the ability of
organizations to innovate through better processes, better products or services (Dasgupta and
Gupta, 2009). After developing the concept of knowledge. The purpose of this section is to
discuss knowledge management and its impact on organizational performance and
competitiveness.

According to Amir and Parver, knowledge management is an important business function to


increase the competitiveness of a company compared to improving the productivity of an
organization. Knowledge management, therefore, helps organizations identify sources of
productivity. Amir and Parvar argue that establishing a competitive advantage requires not only
the availability of tangible assets but also the presence of intangible assets, which increases the
productivity and competitiveness of the organization. As a result, knowledge management
enables companies to reduce costs, improve service levels, meet customer needs, identify new
markets, increase market share and Maximize revenues.

Knowledge management is a management process that provides organizations with the


foundation for creating and acquiring knowledge. It is also a process that facilitates key
management functions, such as the selection, organization, usage, dissemination and transfer of
sensitive information or skills within an organization, hence, using it to manage some decision
making, problem-solving, learning and strategic planning. Of course, effective knowledge
management often requires the right combination of organizational, social and management
initiatives and the correct deployment of skills (Mobellegh and Moghaddam, 2011).

Knowledge management is widely accepted as a management criterion when organizations are


trying to cope with complex and continuous changes in economic conditions. Therefore, the goal
of knowledge management is to leverage your physical assets to improve the performance of
your organization. As seen in most innovative business functions, knowledge is shared across
departments to eliminate unnecessary processes in order to make existing business practices
more efficient through modern day’s technologies (Nnabuife et al, 2015).

The advantage of creating a Lagos Metropolitan Area Transport Authority (LAMATA)


knowledge management system is to guarantee sustainability with the help of existing staff and
to know what is needed to drive organizational performance. Having a knowledge management
unit at LAMATA helps create a sense of commitment and confidence in the integrity of the
organization[ CITATION LAM14 \l 1033 ]. Although senior management supports the creation of
an organization, this knowledge management system demonstrates its commitment to supporting
the sharing of knowledge inside and outside of the organization.

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