Knowledge management - Essay Example

It can be said that the individual or individuals gain the knowing from prior information. Thus, it can be said that the individual or the individuals did not just come across the information, but they sought the information with intent or just for the sake of knowing. Nevertheless, knowledge is not the ultimate product in knowledge management practices and standards in an organisation. Knowledge is just but the beginning for more exploits. Hence it can be said that, in knowledge management, an organisation is trying to utilise knowledge to improve what it is doing (Nonaka & Krogh, 2006).

With the understanding of knowledge, knowledge management can be evaluated. One of the most fundamental resource that an organization can have is a knowledgeable workforce. Hence, the success of an organization can be said to be dependent on how well the organisation is able to use the knowledge resource it has, its ability to develop novel knowledge, and how well it is able to share the knowledge within it throughout the whole organisation (Nonaka & Krogh, 2006). Most importantly, knowledge management involves putting into practice the combined knowledge of all the persons under it in order to attain certain aims.

Knowledge management does not necessarily purpose to manage this combined knowledge, it also purposes to selectively manage the knowledge that is vital to an organisation. Knowledge management also involves that the workforce in the organisation has all the knowledge it requires, at the right time and at the right place. It is important to ask, why is knowledge management required? Knowledge management is needed for a number of reasons. In the modern world, there has been an increased speed of variation in the present organisations and the communities in the globe collectively.

Hence, knowledge management is needed as it identifies that almost all organizations are made up of work that involves knowledge. Not that the manual