Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A key to success in a global knowledge economy
Knowledge is the key to success. Organisations have to appreciate the competitive advantage of knowledge. Knowledge acquired has to be spread across the organisation to enable others to leverage on the same. Communities of practice in strategic areas are the best way to promote knowledge as an asset as they help greatly in the proliferation of knowledge. In knowledge economy, there is explosive development in knowledge which makes it difficult for the organisations to spread knowledge. Increased complexity of knowledge needs greater specialisation and also collaboration. With half-life (the short time by which the present knowledge becomes obsolete) of knowledge getting shorter, it is tough for organisations to keep pace with the rapid changes and manage knowledge without these communities. An organisational change could be due to internal and external factors and there would be a huge onus to respond to the demands of shifting the market. This could cause restructuring. Communities of practice are the best solution to make the organisation embrace change and make it adaptable. They help to connect people from different organisations that enable to share experiences of change and understanding the core knowledge requirements.
The knowledge economy poses an additional challenge. The knowledge markets are globalising quickly. Communities of practice help organisations to compete globally through information sharing across the globe. Apart from contributing to the success of the organisations in the world markets, the communities have other benefits. The advantage which the company will enjoy is the influx of innovative ideas which brings about excellence in the field of application, thereby solving an instant stream of the competitive problems. In globalised knowledge economy, the companies don't just compete for the market share but also compete for the talented people who have the expertise and the capabilities to generate and also implement the creative ideas. Finding and keeping the right people can also make a difference in the company's ability to become a market leader and also gain access to the venture capital. In fact, the knowledge driven markets make it essential to develop the knowledge strategy along with the business strategy. A knowledge strategy details, in the operational terms, the way to develop and apply the capabilities needed for executing the business strategy.
Context Setting 'Context setting' implies that the significance and inter-relatedness of individual dataitems be made explicit, and piece of information in the entire scheme
Introduction to Resource Sharing Network The term 'network' always has a wide range of meanings in everyday life and this situation is further complicated because it has two v
T he merger process We learnt how to aligning M and A with corporate strategy. Now, let us study how the merger process takes place. The merger process is carried out in two w
Question 1 Explain the opportunities and challenges in healthcare HRM Question 2 Discuss employee grievance systems in healthcare Question 3 Transactional analysis
Problem 1 (a) Describe the concept of Corporate Social Responsibility (CSR) and explain the forms and purpose of CSR as practiced by most organizations. (b) Illustrate with
Question 1: What are the major issues related to repatriation? Describe Repatriation Major isssues related to repariation Question 2: Prepare a short
Question 1 The role and scope of event management is to deliver successful events. Analyse the scope of Event Management Question 2 Prepare a list of all the legal duti
Question 1: (i) Explain why it is not normally advisable to use the cost plus method in the pricing of rooms for first class hotels. (ii) Mention and explain four types of
Dealer Library Plan (DLP): Under this plan, as agreement is reached between the library and the publishers or a group of publishers whereby the publishers send books as soon a
QUESTION (a) What are some of the major types of Knowledge Management roles that exist in organizations today? (b) What types of competencies should be present in a good Kno
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd