How Can Knowledge Management and Organisational Learning Used to Improve Hr Management Systems and Practices and Build Intellectual Capital and Competitive Advantage for the Future.

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BACHELOR OF COMMERCE

BUS 378 – KNOWLEDGE AND ORGANIZATIONAL LEARNING

INDIVIDUAL ASSIGNMENT

TABLE OF CONTENTS

Page 1. Introduction 3 1.1 The Research Background 3 1.2 Limitation of the Report 4 1.3 Sources and Methods of Data Collection 4

2. Discussion 2.1 Knowledge Management (KM) 4 2.2 Organizational Learning (OL) 5 2.2.1 Double Loop Learning (DLL) 6 2.2.2 Single Loop Learning (SLL) 6 2.3 Why and How HRM is seen to be able to increase innovation 7 and competitive advantage?

3. Recruitment and Selection 7

4.
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Combination involves various elements of explicit knowledge such as building a prototype, and Internalisation is the process of learning by doing.

Knowledge management combines all the available resources within an organisation in order to become more efficient and one of the most reliable components of an organisation 's competitive advantage in the marketplace is one of its most readably available resources, its labour force and the knowledge it holds. Since knowledge management aims at retaining the existing knowledge of an organisation it can be of great benefit for an organisation to implement knowledge management (KM) strategies and organisational learning into its human resource management (HRM) as it will aid in gaining a competitive advantage over other organisations.

2.2 Organizational Learning (OL)

Organizational Learning is when a team of people come together to achieve a common objective. The team looks into new ways to improve the organization as well as individual functions. Organization learning can help employees reach their fullest potential and the organizational to be more effective and efficient. Organization should work towards cultivating a learning organization where continuously learning is appreciated and learning is happening at the individual and organization level. A learning organization recognizes that their

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