Recently Uploaded

Building a Knowledge Sharing Company - Essay Example

Comments (0)
Summary
The current business scenario may be characterized by a shift from a world of predictable, and linear change to that of radical and discontinuous change. Most organizations would need to gear up for encountering this new world of business that would increase demand non-linear strategies for sustaining organizational competence…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful

Extract of sample "Building a Knowledge Sharing Company"

Download file to see previous pages There will be increasing realization that sustainable organizational competence depends upon the organization's capacity for creating new knowledge through an ongoing and continuous process of learning and unlearning.
“The most valuable assets of the twenty-first-century company are its knowledge and knowledge workers”. Peter Drucker
"In an economy where the only certainty is uncertainty, the one sure source of lasting advantage is knowledge." Ikujiro Nonaka
First, KM is increasingly important because of the shift from a predictable world paradigm to one governed by discontinuous change. Second, it is essential for organizational survival in the long run, given that knowledge creation is the core competence of any organization. This knowledge may relate -- among other issues -- to new products or services, to new product/service definitions, to new organization/industry definitions, or to new channels of distributions. Third, it is not a separate function characterized by a separate KM department or a KM process but is embedded into all organization's business processes. Fourth, latest advances of information technology can facilitate the processes such as channeling, gathering, or dissemination of information, however, the final burden is on the humans to translate this information into actionable knowledge depending on an acute understanding of their business context. Having the best-of-breed technologies doesn't necessarily ensure creativity and innovation that is necessary for organizational competence. Effective utilization of technology is necessary -- synchronized with effective utilization of the creative and innovative capacity of the human components. 
In this view, KM is not limited to collecting information from various domain experts and creating databases supported by organizational intranets. Nor is it defined in terms of determining the individual knowledge needs of every employee and then trying to parcel out quotas of knowledge that are considered relevant to each employee's needs. Various labels such as knowledge capital, knowledge assets, intangible assets, intellectual capital, and so on refer to the organizational wealth of knowledge.  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Building a Knowledge Sharing Company

Knowledge Building: Theory, Pedagogy, and Technology

...and Labas, 2008). In this context, though the teacher can be the course designer and assessor of the learning objects and tasks, he/she can also encourage students to participate actively and effectively in the forum. Wenger (1998) introduced a model in which the learner’s journey through the e-learning process represents many steps that reflect communities of practice (CoP). Wenger (2006) has defined CoP as “groups of people who share a concern or a passion for something they do and learn how to do it better as they interact regularly.” Cop has also been defined as “collaborative, informal networks that support professional practitioners in their efforts to develop shared understandings and engage in...
10 Pages(2500 words)Essay

Knowledge Communication and Sharing

...for by informal networking but this was a less efficient compensation. This company had multinational firms working in different time zones. Informal networking was not preferred as it was time consuming, took a lot of effort to build relationship and the different time zones also made it difficult to develop informal networks. The authors do not consider informal networking as the best fit for sharing highly complex knowledge. Formal system are normally considered to have limited possibilities in knowledge sharing but they may have positive effect when these formal system support relationships between units. Again, the positive effects...
10 Pages(2500 words)Coursework

Building Standard Oil Company

...?Terry Balabuch 4-13 M-W 10-12 Research Paper Building Standard Oil Company Building Standard Oil Company Rockefeller`s father was a peddler whoworked in many businesses and his mother was deeply religious. Born in 1839, he started as an assistant bookkeeper after graduating from high school at 16 for fifteen cents a day. Compared to today this would be about $10 a day. ( Goulder, 1972) Afterward Rockefeller was working several sales jobs and by age twenty-three had saved up four thousand dollars to invest in an oil refinery in Cleveland, Ohio, with a partner Samuel Andrews who attended the same church. Rockefeller paid attention to every aspect of his business, checking...
5 Pages(1250 words)Research Paper

Knowledge Management - the Knowledge Creating Company

...?The Knowledge Creating Company Knowledge is crucial in maintaining competitive advantage because it drives innovation. Ikujiro Nonaka explored this in detail in his article The Knowledge-Creating Company, wherein he compared how Japanese companies are distinguished from their Western counterparts in the way they treat knowledge and how it is viewed, adopted and encouraged among Japanese business organization. The traditional Western perspective, according to the author, is that knowledge is treated as a mere resource and is measured and used according to a systematic and quantified metrics characterized...
3 Pages(750 words)Essay

Knowledge Sharing Networks and Strategic Alliances

...linkages to an organization. The fruits of this research are going to be reaped by many firms in the future when they decide to form a Strategic Alliance and Networks with another firm. Strategic Alliances can be defined as voluntary agreements between firms for exchanging, sharing, and codevelopment of products. A strategic network may also be formed for the purpose of information sharing and using the knowledge learned from one part of the world by one firm, and then applying this learned knowledge to another part of the world through a different company. In the past research was also done to determine the behavior and performance of firms as a...
10 Pages(2500 words)Essay

Knowledge Management: DHL Company

...? Knowledge management Observation of Knowledge management practice and factors that affect knowledge sharing in DHL company (an observation of the critical success factors for achieving their improvements need also be showcased) The technique of developing, sharing, and applying knowledge within an organization in order to gain and sustain competitive advantage is the crux of knowledge management (Petersen & Poulfelt, 2002, p.3). The concept of knowledge sharing within an organization on the other hand is the transfer and distribution of knowledge...
8 Pages(2000 words)Assignment

Abu Dhabi Ship Building Company

.... Works Cited Abu Dhabi Economy. Looking Forward magazine online. March 1999. 9 June 2008. http://www.adcci.gov.ae:90/public/media/magazines/march_99/looking_forward.htm Abu Dhabi Ship Building (ADSB) Home Page. 2005. 6 June 2008. http://www.adsb.net/ ADSB - Abu Dhabi Ship Building. Share Wadi.com. 5 June 2008. 7 June 2008. http://www.sharewadi.com/uae-company-details.phpcompany_ticker=ADSB ADSB Starts Corvette Construction. Marine Log. 6 July 2006. 7 June 2008. http://www.marinelog.com/DOCS/NEWSMMVI/2006jul00064.html Bahrain Coast Guard Boats Arrive at ADSB. Marine Log. 5 February 2008. 7 June 2008....
8 Pages(2000 words)Case Study

Building Starbucks as a company

...to make sure prices are at the right level where it is profitable for farmers to grow the crop [230-242]. This explains Starbucks’s recent decision to pledge $2.5 million in loans to cooperatives in Latin America and Africa as part of buying Fair Trade Certified or FTC3 high-quality coffee at higher prices. FTC asks large buyers to grant loans of up to 60% of purchases (Mochari). 18) Starbucks never set out to build a global brand. Their goal was to build a great company that valued the authenticity of the product and the passion of its people. They succeeded without any formal brand strategy by believing that “the best way to meet and exceed the expectations of customers was to...
5 Pages(1250 words)Essay

Creating a knowledge sharing culture (Chapter 11)

...The chapter, ‘Creating a knowledge sharing culture’ is highly relevant in the contemporary environment of cut throat business. The chapter discusses knowledge management which has become a key element for competitive advantage. The knowledge management is broadly defined as the managerial leadership initiative to exploit explicit and tacit knowledge within and outside a business unit. The knowledge is described as the competency of human resource to use the information judiciously and expertly for optimal performance outcome of the individual and organization. Thus, information and knowledge are categorized as different...
2 Pages(500 words)Essay

Knowledge-Sharing Tools

...Knowledge sharing tools Blog A blog is a short form of weblog and is a site that normally captures specific opinions, ideas and views over time. Thus, it is a web application that includes periodic posts usually on a common web page. Such posts are frequent but not essentially in reverse chronological order. Every blog narrates a story, be it concerning an event an organization, a person or any other topic such as healthcare, environment, disasters, literature, language etc. The blog is maintained by a person known as a blogger and the activity of building and maintaining a blog is known as blogging (Pellen & Miller, 2013). A blog may be run from individual diaries to aims of media...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Building a Knowledge Sharing Company for FREE!

Contact Us