Knowledge Management and Electric Learning

1476 Words 6 Pages
INTRODUCTION:
Growing competition in a globalising environment marked by cut throat competition has challenged organizations to find an efficient method to allow shared access to the key resources: knowledge, experience and ideas.
The combination of knowledge management and electronic learning is a response to this challenge. The use of information and communication technologies as teaching and learning tools is now rapidly expanding into education and e-learning is one of the most popular learning environments in the information age.
Also with multiple generations in workplace today, organisations must deliberately put in place different processes, motivators and tools to stimulate collaboration and create a knowledge sharing culture
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Loss of expertise due to employee attrition or retiring baby boomers greatly impacts institutional knowledge. Tomorrow’s leaders, the knowledge professionals who will drive business growth through the 21st century, are in ever increasing demand and ever decreasing supply. The young workforce is more nomadic in its relationship with organisations; they tend to change jobs more frequently and do not see their career as a destination, but instead a journey. The recent economy may have slowed attrition rates, but many expect that as soon as the economy starts to improve. Companies will suffer a mass flight by employees who have become unmotivated, unattached and disengaged during the recession. As those employees leave, so does years of your valuable corporate knowledge and expertise. The same goes for the baby boomers. Their impending retirement and mass exodus from the workforce will create void of institutional knowledge, insights and experiences as so many of the baby boomers make up a large portion of senior management. If organisations do not have a plan in place to capture, transfer and grow that expertise, it will not only be lost, but may cost companies more in the future as they repeat costly mistakes.

BOTTOM LINE BENEFITS:
Knowledge management helps to solve some of the most common business problems and at the same time delivers…

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