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It has been witnessed that at times, knowledge management systems don’t tend to be as successful as desired by the management. Therefore their causes of failure will be analyzed, along with the factors that contribute towards their success.
Knowledge management systems can be defined as the set of modules to identify, create, store, acquire, use and share organizational knowledge to improve performance of the employees and thus the organization (Abdullah et al 2005). It basically involves two activities;
Knowledge has become the most important driving force for any nation or organization. The level of performance of an organization depends on the quality of knowledge and therefore its productivity (Drucker 1994).
Klimesova (2009) states that collection of information and knowledge has a greater meaning than dispersed pieces of information. Knowledge management systems give the opportunity to the professionals to pass on their knowledge and experiences to their peers so that the asset of knowledge is not wasted and spread across the whole organization. Knowledge management systems provide the platform on which information can be available to the employees whenever they need it and gain benefit (Sornlertlamvanich n.d.)
Knowledge in an organization can be categorized into two main types; tacit and explicit knowledge (Sanchez n.d.). Tacit knowledge is considered to be very valuable since it is based on a personal level and lies in the heads of the employees. It is the end product of one’s personal experiences, beliefs, ideas etc. On the contrary, explicit knowledge revolves around numbers and words, product specifications, universal principles etc. This kind of knowledge can be easily processed and stored in a database (Clark 2002).
The research shall contribute to the field of knowledge management systems by providing a comprehensive
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The paper includes the recognition and analysis of knowledge management as a crucial component in organisational progression and also the importance of managing the people who deal with managing knowledge in the organization as well as the effect of wrong culture on reducing the effectiveness of knowledge management.
Bobco is a banking company having many of the banks of its network in New York. It has been in the market for the past five decades with good and impressive figures. Recently, the company has been facing many competitive pressures from macro environmental factors that are political, social, legal, and technological.
is Knowledge Management System. Although, it is essential and crucial to determine, classify and evaluate the potential, competence, human intellect and their tacit knowledge in order to implement the Knowledge Management System lucratively. Knowledge Management System has developed into one of the most important features that any corporation would look into as it refers to the administration and management of the employees’ tacit or the embedded knowledge and understandings in view of the company’s goals and objectives.
Why are Japanese firms good at making use of the tacit skills and knowledge of employees for organizational learning? Can firms in the liberal market economies adopt the same model of organizational learning? Information Management is one of the most serious features of contemporary Human Resource Management.
There are three generations of knowledge management to date that reflect it‘s revolution. In the first generation, the focus was on the source of knowledge and documentation of that knowledge borrowed from individuals within an organization. These documents were then digitalized in libraries, but unfortunately they were never used and hence contributed little to organization success.
It may be simply defined as the procedure by which one can attain maximum out of the same resources (Fernandez & Sabherwal, 2010). Knowledge is a combination of context, reflection, interpretation and information. For decision taking and action building process, knowledge is utilized intensely because it is highly valued while accessing any sort of application.
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.
The purpose for this may however differ from person to person and generation to generation. In the pre-historic era, the mankind had the thirst for knowledge in order to make their daily affairs convenient and satisfy their desire to do the work differently.
They face uncertainties, and they also are concerned with taking care of their citizens' present and future opportunities. Monarchy and its representative Government have to function under these constraints and naturally the effect is felt mainly by the private sector, which, in any society, is the highly unprotected segment.
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,
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