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What is knowledge
Knowledge is information integrated with experiences, reflected upon and interpreted in a particular context. Knowledge is a renewable, re-usable and an accumulating asset of value to an enterprise that increases in value with employee experience and organisational life. It is intangible, boundary-less, and dynamic, and if it is not used at a specific time in a specific place, it may be of no value otherwise. Although knowledge can be represented in and often embedded in organisational processes, routines, and networks, and in document repositories, it is only the cognitive process and intellection of a person(s) that can generate knowledge or apply it.
XYZ is a small organization dealing with the import of goods and due to the fierce competition, the company wants to expand its business in order to be more close to its market.
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give 10 values of human resource management
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Explain about creation and storing Creation of new knowledge is mainly through problem solving, innovative programmes and conversion of implicit knowledge to explicit knowledge
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