StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Success Factors of Knowledge Management - Term Paper Example

Comments (0) Cite this document
Summary
The writer of this paper states that  Vast technological transformation prompts the necessity for persistent effort to maintain a competitive advantage through knowledge management. As a result, knowledge is a critical factor of production besides labor, land, and capital. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Success Factors of Knowledge Management
Read TextPreview

Extract of sample "Success Factors of Knowledge Management"

1. What are the major milestones in developing knowledge workers? Explain why each milestone is significant. Developing knowledge workers is a complicated and imperative focus field for any company that desires to perform well and remain knowledge-driven. The essay presents a discussion of major milestones for developing successful and knowledgeable workers.
 a. Develop and Train Knowledge leaders performing organization perceives knowledge leadership training as a crucial aspect of being a competitive knowledge enabled firm not only at the stage of leadership but throughout the entire company (Yap & Webber, 2015).
b. Leadership CompetenciesFor instance, in Acquisition Solutions, the most important factor is to provide knowledge management chances. The company should identify and develop mentors, champions, and managers through the recognition and creation of an evolving set of characters for the identification of knowledge leaders. Another factor is to provide resources and support for knowledge workers. This occurs through a centrally accessible learning center. It is imperative to reward knowledge workers and measure the efficiency of the workers. Rewarding knowledge workers function as a form of extrinsic motivation for them to remain productive in their respective sections. 

2. Identify and analyze the meaning of knowledge management. What are some examples of knowledge management? Knowledge management refers to the process of taking, dispensing, and efficiently utilizing knowledge (Lindner & Wald, 2011). In a broader sense, the field promotes an inclusive approach to identification, capture, assessment, retrieval, and dissemination of all the company’s information assets (Rasula, Bosilj & Indihar, 2012). Examples of knowledge management may include databases, documents, laws, processes, and initially un-captured skill and experience in particular employees. Knowledge management enhances competencies and innovation among employees (Lopez-Nicolas & Merono-Cerdan, 2011). Knowledge management encompasses lessons learned that tries to capture and unveil information operationally acquired. It also promotes organizational culture (Zheng, Yang & McLean, 2010). When implementing knowledge management, a company may incorporate an expertise locator system, which is straightforward in identifying workers within the company that has specific expertise in certain fields.

ConclusionIn
In conclusion, this paper provided two key areas of knowledge management: the meaning of knowledge management including some of the examples, and steps towards developing knowledge workers to enhance the profitability of a company. Notably, knowledge management enhances competencies and creativity among employees.   Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Success Factors of Knowledge Management Term Paper, n.d.)
Success Factors of Knowledge Management Term Paper. Retrieved from https://studentshare.org/management/1657691-dq31-terence
(Success Factors of Knowledge Management Term Paper)
Success Factors of Knowledge Management Term Paper. https://studentshare.org/management/1657691-dq31-terence.
“Success Factors of Knowledge Management Term Paper”, n.d. https://studentshare.org/management/1657691-dq31-terence.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Success Factors of Knowledge Management

Innovation Management and its Critical Success Factors

... was to develop and validate an organisation-wide innovation management framework. An extensive literature review helped to develop core values and concepts of an organisational innovation management system. Wong and Chin (2007) identified organisational innovation management critical factors, which they validated with the help of survey questionnaires and interviews in the Hong Kong/ Pearl River Delta manufacturing industry. The researchers formulated an organisation-wide innovation management hierarchical framework based on the critical success factors in the industry (Wong & Chin, 2007). Most businesses and firms have used new knowledge or exploited other firms’ innovations, to offer customers products and services... additional...
10 Pages(2500 words)Research Paper

Critical Success Factors For Innovation Management

...? Critical success factors for innovation management BY YOU YOUR SCHOOL INFO HERE HERE Introduction Every organisation domestic and foreign wants to seek perfection in their relative markets. To achieve this perfection, organisations require a means to invent and create their own way to attain competitive advantage or stand out among competition in an industry. Innovation is important for all organisations to improve and develop, as innovation creates a unique positioning and differentiation opportunity that can give a business more market presence. What is an innovation? Innovations are unique business practices, exclusive product offerings, or any other activity that is ground-breaking...
8 Pages(2000 words)Research Paper

What are Innovation management critical success factors

...). Key Success Factors of New Products / Product Innovations (1st ed.). GRIN Verlag. Morel, L., & Hosni, Y. (2005). Management of Technology: Key Success Factors for Innovation And Sustainable Development: Selected Papers from the TWelfth International Conference on Management of Technology (1st ed.). Emerald Group Pub Limited. Palthe, P. J. (2006). Critical Success Factors for Innovation Management in European Industries: A Cross-European Study Exploring the Critical Success Factors for Innovation Management in European Industries (1st...
6 Pages(1500 words)Research Paper

Kay Success Factors (KSFs)

...in Washit to stay up to date with the fast paced industry of technology. It’s also worth mentioning that more and more people are getting online, this also adds to the effects on the consumer’s base. 10 Other Factors 11 In order for the product line to be successful it must engage certain Key Success Factors (KSFs) in order to be able to adequately penetrate the market and have the potential ability to turn a profit for the firm. The first of these is the level to which the supply and delivery mechanisms of the given product can help to place the firm at a competitive advantage as compared to its competitors. Without a well planned and highly efficient supply mechanism,...
1 Pages(250 words)Article

Management Factors of Professional Success

..., this task will support and satisfy the team member’s, but the team members will not be productive since they will be hesitant to criticize each other or disagree. Chapter 18 Question 1 A balanced score card is an all encompassing “management control system that balances traditional financial measures with operational measures relating to an organization’s critical success factors” (Daft 540). It has four primary perspectives which include “internal business processes, financial performance, organization’s capacity for learning and growth and customer service” (Daft 540). Within these key areas, the managers determine the primary performance metrics to evaluate. The...
10 Pages(2500 words)Assignment

Critical Success Factors

.... These managers should posse’s adequate technical skills and knowledge in a certain field. Skills for administration include scheduling and planning together with budgeting. According to pinto and trailer these traits are essential for any project manager and they brushed their impacts on project success. On the other hand Crawford (2007) said that the project manager competencies are a combination of various factors that work together to ensure that the manager performs as expected above average. These are the combination of knowledge that one possess with regard to certain field and together with...
12 Pages(3000 words)Essay

Critical Success Factors

... «Critical Success Factors» Abstract AbbeysteelTM, which has been supplying steel products to intermediate manufacturers at home and abroad, has to find ways to overcome constraints to its growth. After being in business for over 25 years it finds itself faced by the general decline in demand from the major customer segments. To overcome this AS considers a strategy of exploiting an opportunity that is provided by the global concerns on pollution and control. Since its own products are a result of recycling of waste steel material, AS plans to build its strategy around brand promotion of the products, apart from searching for newer products and...
12 Pages(3000 words)Term Paper

IBM's Success Factors

...by the customer. Similarly, management of costs from the grounds of the customers would also result in peak/off-peak payments. Measurement of services should take all these considerations into view while arriving at a particular conclusion because these measurements are the mercury test for the most important factor of business i.e. Customer satisfaction. As the organization caters to the need of high-end customers who value Empathy: individualized caring attention to the customers Responsiveness: Provision of prompt services with a commitment to serve Reliability: Performance of the service promised accurately and dependably Assurance: Courtesy of employees who are knowledgeable...
11 Pages(2750 words)Coursework

Factors of Starbucks Success

...Starbucks Since last two decades, one can observe a huge expansion in terms of launching of new companies and organizations in different parts of the globe; however, simultaneously, one can observe closing down of huge number of business organizations due to enormous level of competition and various factors such as financial crisis that have resulted in non-survival of organizations globally. Still, in midst of such huge competition and crises, many business organizations have been successful in surviving and even in expanding their business activities locally, as well as internationally due to their specific business strategies. In this regard, this paper will focus on one of such business organizations that have been successful... in...
6 Pages(1500 words)Research Paper

Operational and Management Factors that Influence Success in Event Management

...Operational and Management Factors that Influence Success in Event Management Table of Contents 1. Introduction 3 2. Discussion of the Plan 3 3. Type and Level of Service to be provided at the Event 4 4. Assessment of the Health, Safety and Hygiene Problems 4 5. Marketing, Human Resources and Quality Control Issues 5 6. Importance of Relationship between Event Management Team Members and Clients 6 7. Skills to be Used for Developing a Good Relationship 6 8. Review of Contracts can be Used in Negotiation for Business 7 Fixed-Price Contract 7 Cost-Plus Contracts 7 9. Stages of Drawing Up A Contract For the Event 8 10. Assessment of the Financial Issues of...
8 Pages(2000 words)Assignment
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 Term Paper on topic Success Factors of Knowledge Management for FREE!

Contact Us