Running Head: Knowledge Management System Knowledge Management System Table of Contents Table of Contents 2 Executive Summary 2 Background Information 4 Knowledge Management System 5 Strategy Assessment 5 Knowledge Assessment 6 Ways to Penetrate 8 Gap Analysis 9 Opportunity Identification for KMS 10 Critical Analysis 11 Reasons for implementation of KMS 13 Conclusion 14 References 16 Executive Summary With the technological innovations and developments, organizations are now moving towards the implementation of different software that they can adopt for sorting and sharing of implicit and explicit knowledge and one of the widely used and adopted systems …
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This thesis report highlights the importance of Knowledge Management System in an information-consulting firm that makes implementations of solutions like ERP in order to validate and substantiate the administration of its tacit knowledge. In addition, the Knowledge management theories, methods, and structural design that the enterprise can implement will come under evaluation in conjunction with the knowledge assessment of the company’s tacit knowledge, and will identify the necessary and existing gaps. Based on the assessments and the gap analysis, a framework and collection of possible approaches comes under proposal and recommendation that can better understand the needs of the talked about enterprise, reduce and shrink the threats involved in a Knowledge management system, and eventually facilitate the company in its development and growth. Furthermore, the discussion of the paper will also highlight and accentuate the advantages of a Knowledge Management System that will contribute to the business value of the ABC consulting firm and its productivity. Background Information As the world has entered into the twenty first century, it has undergone many technological advancements and improvements and the industries are transforming their manual processes onto technology-based processes. With this increasing demand of technology, and the growing competition, it becomes complicated and challenging to react to such market oscillations and instability. Therefore, several corporations are moving towards the implementation of solutions such as Enterprise Resource Planning (ERP), which is considerably one of the best solutions for the integrated processes, which raise and augment the competitive advantages of the corporations’ (Khosrowpour, pp. 115-118, 2001). The service provider or the information consulting company of these kinds of solutions is the subject of study and report that comes under limelight. Customization has always come under contemplation and observation as the best alternative way out of any situation, trouble, or different business scenarios from the standard ones that the customer experiences during the implementation phase. It is imperative to comprehend the business processes coupled to the experience factor for the administration of designed and spontaneous situations while implementation. Therefore, during the entire life cycle of the ERP implementation, Knowledge Management is the key and crucial aspect that comes under utilization by the employees in the information-consulting firms (Khosrowpour, pp. 115-118, 2001). The entire life cycle comprises of planning, business process analysis, requirement mapping, gap analysis, system design and configuration, data conversion, communications, end-user trainings, pilot run and production run. As these processes are
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Knowledge management involves a number of practices and strategies used by companies to identify, represent, create, distribute, and enable assimilation of experiences and insights. Such experiences and insights include knowledge, either embedded or embodied in organizations as practices or processes.
The modern business environment is very dynamic and competitive as a result of technological advancements, increased number of competitors, and increased expectations among customers and shareholders. It is against this background that this research will seek to find out how knowledge management can benefit businesses and help them to survive in the competitive and volatile environment.
The author of the paper gives a detailed information concerning the identity in the information system, namely, it is mentioned that the domain names are usually represented by user-friendly names which are in reality numbers which represent a unique address. Moreover, domain names are intended to unambiguously associate a name with an IP address.
There is lack of coherence in the field of management and the problem seems to be growing day by day.
According to Sanchez Ron (1997), organization management is a task that involves clear understanding of the organization and its components. Knowledge management describes a set of discipline and systematic actions which are implemented in an organization and which helps in obtaining the greatest value in terms of performance of the organization from the knowledge applied in making decisions.
According to the paper knowledge management can probably be addressed as one of the most controversial and multilateral, but very promising developments in the organisational practice over the recent decades. Most of the prominent business companies of modernity report of their devotedness to the principles of KM.
Information is an equally vital asset that an organization can possess and these days there is abundance of information flow within the organization. Strategic decisions are taken on the information and information changes by the minute. Knowledge is primarily a problem of capturing, organizing and retrieving information.
Computer technology has greatly benefitted organization in this respect by developing new management systems to handle the challenges of coping up with the changing information and trends (info Router n.d.).
Tacit knowledge is knowledge that is inherent in a person or an organization, something that is not explicit, but hidden, and something that is embedded in the very way that organizations and people function in their line of work. This is opposed to coded or explicit knowledge that can be had from the manuals, books and knowledge of an organization.
1). Using the definition, a manager who is charged in developing a KM system should first discern the requirements of the organization in terms of the extensiveness in information required to be collected, maintained,