Knowledge Management Strategy

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Introduction “Knowledge management is a method to simplify and improve the process of creating, sharing, distributing, capturing and understanding knowledge in a company. “ (Ghottschalk, 2004). It basically means the management or controlling of knowledge in the organization. Knowledge management has been existing since the past many years starting from the 1990’s (Lenery,2002). Knowledge assets are a part of knowledge management. Knowledge assets consist of a collection of educated and intelligent capital which is available in the business. It is the “knowledge”, which the business and the people working in the business have within themselves, which can be identified as education, skills, technique, capabilities. Knowledge assets are like…show more content…
There are many different strategies use in the field of knowledge mgmt. The familiar one is the push strategy and the pull strategy. In push strategy, the information is shared on a common ground or network between people of the company for the benefit of the company, whereas in pull strategy, the information is given by a person, who is an expert and is approached by the company. After learning about the different types of strategies, I moved on to understanding the reasons behind having a good information and knowledge management strategy which helps in the process of planning and decision making. They also make things clear like aims of the company, where to focus on, what things to give priority, what to do, what not to do. It also makes the business flexible, which altogether helps in the business if followed and carried properly. This makes it why companies should use these strategies. Moving on, to the issues which occur after using these strategies, I leant that some issues existed, such as, employees being self-centered rather than combined, appointing wrong people to perform the task, information not bring spread properly, some components of knowledge management strategies are being used but not the whole of it, knowledge management is not treated as one part within the firm, etc. Finally, the next thing I learnt was the benefits any company that would achieve when applying strategies. Some of the benefits were; Better flow of information leads to better flow in the decision making process, the clearer the information the more the output increases, uncovers organizational weaknesses, awakens the spirt of innovation, etc. Thus, knowledge management is an important part of a

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