Knowledge on knowledge in knowledge portal

A light bulb in the socket is worth two in the pocket.

The content of the essay can be considered as divided into three parts. The first part refers to the key issues around the concept of knowledge and KM, and the second part refers to the topic around the relationship among KM, KMS and IT. The final part refers to the empirical applications of KM in PBOs. This essay will firstly discuss the basic definition of knowledge and KM, and then focuses on the important features of KM, the basic process of KM, some criticisms about KM, the concept of KMS, relationship between IT and KM, some disadvantages of using KMS and adopting IT into KMS. Then the essay will focus on some empirical applications of using KM strategies in the construction industry and in consulting firms. This essay has analysed and concluded some important arguments. The concept of Knowledge can be regarded as the learning process of master new skills or understanding of new ideas. When referring to corporate firms, knowledge is close related to business practice and inventories. KM is used by firms to gain profits based on the approach of sharing knowledge effectively. The basic features of KM can help us to further understand the concept of KM. The first feature, which is strategy, is mainly based on the effective application of intellectual capital within the firm, and the second characteristic, which is culture, is mainly about workforce diversity that also related to equal pay issues. The third feature organizational learning refers to the exploitation and exploration of corporate knowledge. The first step of KM process, which is the knowledge creation theory, is closely associated with tacit and explicit knowledge and knowledge storage is based on organizational memory. The unsuccessful management of corporate culture is the main reason for the fails of western firms that use KM theories. The concept ‘KMS’ can be defined in terms of technological aspects or business strategies aspects. KMS can be a good platform for firms to integrate human capitals, technological software and corporate resources in order to gain profits. IT plays a significant role in KM since it relates to the search, the presentation, the integration, the transform, the communication and administration of knowledge. However, firms should carefully identify the target users and specific aims for using their KMS, and their employees’ learning behaviours. Consulting companies apply different KM strategies that based on two main different knowledge types: codified and personalized knowledge. Specific strategies for these firms have close relationship with filed include economic models of corporations, IT systems and human resource management.

Knowledge can refer to the theoretical or practical understanding of a subject. Knowledge means empowering a person and hones his/her skill in specific subject. It can be implicit (as with practical skill or expertise) or explicit (as with the theoretical understanding of a subject); and it can be more formal and systematic (Oxford Dictionary).According to the philosopher Plato, knowledge is defined as justified true belief.Management, in general, can be defined as the process of planning, organizing, leading and controlling.One can define knowledge management asthe justified true belief that is acquired in a planned way of collecting data, conceptualized and organized according to specific context. Knowledge management is like a building block for any further augmentation of that specific knowledge.However, managing knowledge is something intangible and very challenging. The real change has come from the necessity for less information and more knowledge. There has been a shift from information to knowledge. Shift from bureaucracies to networks. The traditional hierarchical designs that served the industrial era are not flexible enough to harness an organization's full intellectual capability. The preview of the discussion in this paper will be knowledge management as a need of the day and not a trend of the society.

Internet-Based Organizational Memory and Knowledge Management

It is widely acknowledged that knowledge is one of the most important assets of today’s organizations. According to Davenport and Prusak (1998), knowledge is often a company’s greatest competitive advantage in a global economy. How to support the company’s knowledge-intensive work processes (e.g., quality support, product design or strategic planning) is therefore becoming a vital issue in many organizations worldwide. Identification, analysis and characterization of the knowledge-intensive work processes become essential in order to qualify a discussion of how to support knowledge management processes. This chapter presents, discusses and reflects upon findings from a study of how highly skilled actors manage information and knowledge, i.e., how information is gathered from a wide range of sources, structured according to needs and relevance for the users, and disseminated to the relevant suppliers in the organization. The aim of the chapter is two-folded: first, to contribute to t...

Long Range Planning, 1997

Knowledge can be seen as a key source of advantage. Its importance has been recognized for a long time. Some scholars have realized that information can create wealth. What is happening today is that there has been a qualitative change in the way in which vast amounts of data can be collected and communicated. The risk is of information overload. To help avoid this, a discipline is needed which can distinguish between data and knowledge, can find ways to reduce the overload and can organize itself.

we are living not only in the new millennium, which is in the new age. In this period, various terms such as the post-industrial era of the Information Age, the third wave or the Knowledge Society are used to describe the current situation. Regardless of the terms, most scholars believe that one of the important issues raised in this period is the concept of knowledge management, a concept that has created excitement and contributed to a lot of debate and debate. KM is a rapidly evolving approach, and it pays great attention to the recent challenges of increasing the efficiency and effectiveness of business-centric processes, along with continuous innovation. The need for knowledge management based on the growth of the perceptions of the business community comes from the fact that knowledge in enterprise performance and access to sustainable competitive advantage is considered an important element (Davenport & Grover, 2001)[1] Often, technology-related books begin with a number of definitions, but the definition of knowledge management is not easy. Different authors from various perspectives, with different approaches and motivations, have defined the knowledge management. Often, knowledge management is generally defined and defined as any organization needs to have its own way of doing its tasks and activities. This definition of knowledge management includes formal knowledge, rules of programs and procedures, and intangible technical knowledge, skills, and experiences of individuals. Also, the high definition of KM involves the way organizations work, communication, position analysis, the presentation of new solutions for issues, and the development of new business practices. In addition, the above definition includes cultural, ethnic, and values and relations with suppliers and customers as well. Knowledge management includes all the ways in which an organization manages its own knowledge assets, including how to collect, store, transfer, use, update, and create knowledge (Wickramasinghe & Rubitz, 2007)[2]. The Knowledge Management Department of Texas defines knowledge management as follows: KM is the systematic and systematic process of discovering, selecting, organizing, tabling, and providing information that enhances the recognition of individuals in their area of interest.. KM helps organizations to gain insights from their experiences, and to focus their activities on storage and use of knowledge in order to be able to deal with problems, dynamic learning, strategic planning and decision making, from this knowledge. To take advantage of KM not only prevents the deterioration of intellectual and brain assets, but also continuously adds to this wealth. There are two comprehensive definitions of knowledge management: 1. Knowledge management is to achieve organizational goals by motivating knowledge workers and creating facilities for them according to the company's strategy, so that they can interpret data and information (using existing information, experience, skills, culture). Personality, personal characteristics, emotions, etc.) through the meaning of data and information. 2. KM is the explicit and systematic management of critical knowledge and processes for the creation, organization, dissemination, use and discovery of knowledge (Madhavm & Grover, 1998)[3]. 2. Knowledge management concepts Knowledge is always valuable to people. Strong and civilized cultures are often identified with their libraries. The great library of the Alexandria Museum, the British Library, etc., is the place where the knowledge of a civilization is gathered. Therefore, knowledge management is around us, which is still not widely used. We are all familiar with terms like the knowledge economy and knowledge workers. In previous periods, the key was the production of wealth, ownership and access to capital and natural resources; while today, the key to wealth is the amount of access to knowledge creation. So, a small college with new ideas can earn billions of dollars. Sometimes the felling of trees, the gold mine, or forging created wealth, now all sectors need the services to create wealth. Most corporations nowadays have realized that they were successful because of their work skills and experience, not because of the physical assets they possessed. In addition, they have realized that even if some of their products are left out of the world market, the passage of time and the change of the company's individuals is necessary (Wickramasinghe, 2005)[4].

Australian Journal of Business and Management …, 2012

Knowledge management is a process that helps organizations to find important information, select, organize and publish them; and it's a proficiency that will be necessary for actions like solving problems, dynamic learning, decision making. Knowledge management can improve a wide range of organization performance properties by enabling company to more intelligent performance, but it's not enough alone; because knowledge management to be useful needs undertaking staff to organization and their job, that accept the knowledge management process with spirit and heart and perform it (Wiig, 1999:14).

International Journal of Research in Economics & Social Sciences, 2012

In the industry era, organizations improved their efficiency, effectiveness through automating manual labour and reducing redundancy. In this Information era, success depends critically on the quality and effective management of knowledge which becomes the life blood of an organization. Knowledge has been described as information combined with experience, context, interpretation and reflection. Given the importance of such an asset, it is not surprising that organizations everywhere are paying attention to knowledge exploring what it is and how to create, transfer and use it more effectively. Knowledge Management (KM) has blossomed into a strategically important area for most organizations to gain competitive advantage. The knowledge-based perspective of the firm (Cole,1998) postulate that knowledge assets produce long-term benefits such as competitive advantage and sustainability in the face of a fluctuating economic climate. According to Gartner report, from 2006 to 2010 organizations will continue to invest in KM as one of the critical competencies in high-performance workplace (HPW) initiatives. A survey by Reuters found that 90 per cent of companies that deploy a Knowledge Management (KM) solution benefit from better decision-making, while 81 per cent say they notice increased productivity. It is found that, while 26 per cent of knowledge in the average organization is stored on paper and 20 per cent digitally, an astonishing 42 per cent is stored in employees' heads.This paper discusses how to manage knowledge effectively. In its introduction part, it gives light on the difference between data, information and knowledge. The paper gives light on 4 C’s framework of knowledge management. It concludes with suggesting road map for managing the knowledge effectively by identifying key success factors for knowledge Management.