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Strategic Importance of Knowledge Management. Abstract Today the world has
more and more of free flow of information leading to transfer ...
... the process of] capturing, sharing, using and creating knowledge to add ... This definition
underlines the importance of KM on a strategic (managerial) level ...
... manner that achieves the strategic objectives of ... will: a. Understand the importance
of delivering ... 5. Course Title: Knowledge Management (KM) Course Description ...
... Their presence in strategic alliances has been described as ... Thus, the asymmetries
are of common knowledge to the ... The importance is how the human resources team ...
... This requires developing a strategic learning capability by ... visualisation of the
importance of both leadership and knowledge management while developing ...
Submitted by sschoudhary on May 1, 2005
Category: Business
Words: 6330 | Pages: 26
Views: 747
Popularity Rank: 8,752
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Abstract
Today the world has more and more of free flow of information leading to transfer of knowledge from a person or an organization to others. Whereas this invariably leads to faster development, it also impacts the competitive advantage held by the innovators of processes or technology. It has therefore become strategically important for one and all in business to understand the knowledge, processes and controls to effectively manage the
system of sharing and transferring the information in the most beneficial fashion.
This paper dwells upon definition, types, scope, technology and modeling of knowledge and Knowledge Management while examining its strategic importance for retaining the competitive advantage by the organizations.
What is knowledge?
Plato first defined the concept of knowledge as ‘‘justified true belief’’ in his Meno, Phaedo and Theaetetus. Although not very accurate in terms of logic, this definition has been predominant in Western philosophy (Nonaka and Takeuchi, 1995). Davenport et al. (1998) define knowledge as ``information combined with experience, context, interpretation and reflection''.
The terms ‘‘knowledge’’ and ‘‘information’’ are often used inter-changeably in the literature and praxis but a distinction is helpful. The chain of knowledge flow is data-information-knowledge. Information is data to which meaning has been added by being categorized, classified, corrected, and condensed. Information and experience, key components of definitions of knowledge, are put into categories through the process of labeling with abstract symbols. This allows the process of synthesis to occur more efficiently than when dealing with masses of individual bits of information. Information coded into symbols to make it “knowledge” may be stored both inside and outside the individuals. Thus, knowledge may be stored within a person in his mind or outside the person in books,...
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