The Application of Knowledge Management in Process Performance in an Organization

It can also be seen that organisations are investing heavily on knowledge development. Imparting Training and development, skill development and technical education have become priority for the organisations especially for newly recruited individuals (Zack, 1999). It is also observed that organisations are receiving appreciable returns through implementation of knowledge strategies. Thus, Wells Fargos is analysed on the basis of knowledge based strategy implemented in the organisation and benefits received from the strategy.

Knowledge management was defined as the turning of information into actionable knowledge which can be accessed by people who can apply it. Robbins (2003) gives a time perspective in his definition of knowledge management. He mentions as part of knowledge management the distribution of the right information to the right people at the right time. Lytras et al (2002) gives a definition of knowledge management which emphasises the purpose of knowledge management. In the definition creation of new capabilities, enablement for superior performance, encouraging innovation and enhancement of customer value were mentioned. For the purpose of this study the researcher summarised knowledge management as the intentional process of coordinating people, technology and systems to optimise creation and sharing of intellectual

The problem for this dissertation study test the challenges associated with creating, capturing and sharing knowledge. Doda (2017) describes this method as knowledge management. This method uses a critical goal of improving learning and performance in an organizational framework. Knowledge management as theory and a model was improved by Dalkir in 2005 (Atieh & Somayeh, 2017).

In a modernized and globalized world, knowledge creation and synergization of knowledge in an organization is truly crucial. As data and information are readily available, and information communication technology (ICT) has highly advanced, organizations such as B&Q need to understand how knowledge creation can assist to improve internal and external processes and also encourage innovation.

Firstly, an organization must be able to have a set of guiding principles that can be followed through KM. It therefore implies that knowledge management is a process that must be followed critically. Secondly, the principles must be applied selectively and appropriately. One of the factors to be considered is that there should be a clear definition of goals. This helps team members to develop a sense of direction that is important in the entire process. Secondly, management must be transparent to employees and other pertinent internal stakeholders. Thirdly, appropriate budgeting of the resources is of paramount importance, followed by effecting the allocation expeditiously (Jennex, 2008). Fourthly, it is of paramount importance to recruit an able team and promote internal and experienced employees as a way of encouraging them to be part of the company. Fifthly, there should be a defined structure of the knowledge management that can serve as a standard against which achievement can be measured (Jennex, 2008).

Along with that I also learned a lot more about business process reengineering and steps taken to implement that. This paper also shows on how to do a process improvement rather than what to do for the process improvement. Next important thing to learn was that “do not engineer in an unstable environment” and the importance of priority given to steps like standardization and streamlining before we change the structure of process or organization. The significance of the cooperation of top management and also the employees was critical thing notice and how this things were made possible. We get to know how each and every department is involved in process improvement even if the improvements are to be done only in manufacturing point of view. The integration of People, Strategy and Operations was something interesting and a very common thing but difficult to execute. One more interesting thing about this case was that there was no new technology involved or weren’t any people laid off after bringing the changes in

Business Process Management (BPM) is increasingly used by various organizations to accomplish better business performance. Empirical study have identified various success and failure case in most organization. However; successful implementation of the approach can provide significant benefits to organization and ensure the achievement of strategic business goals (Malinova et al. 2014). BPM is a discipline that supports continuous process Improvement, sustain performance of organization through the use of business process techniques and modeling to achieve strategic objective (Joston & Nelis,

The process-based school focuses on processes, organizational structure, and IT applications that enable individuals to leverage their creativity and capabilities to deliver business value and to sense and then seize opportunities promptly and effectively (Teece, 2000). Knowledge management is defined as a transformation process going from tacit knowledge into explicit knowledge in order to facilitate flows of organizational knowledge (Lubit, 2001; Schulz and Jobe, 2001). In this

Organisational learning can be seen as the goal of knowledge management and may be obtained by good knowledge management strategies and processes. By motivating the creation, dissemination and application of knowledge, KM initiatives pay off by helping the organization embed knowledge into organisational processes so that it can continuously improve its practices and behaviours and pursue the achievement of its goals.

Initially human resource management (HRM) has had a people-oriented approach but currently there has been a radical shift, with the competitive demands of the marketplace there is a requirement for reorientation of strategic human resource philosophies and practices, emphasis are being given to a knowledge-based administration using technology as a tool.

This critical analysis will discuss a quantitative study regarding the knowledge process and management’s role. This investigation views knowledge sharing as related to its application. The authors are interested in determining if and how management’s influence effects the knowledge sharing process. This paper will examine the study, providing criticism on the problem statement, academic justification, literature review, research questions, methodological choice, and the findings.

Knowledge management is one of the key enabling technologies of distributed engineering enterprises. It including a wide range of organisational management and technologically oriented approaches that expand the utilization of an organisations ideational assets. Knowledge management approaches may be split into personalization approaches that confirm communication, human recourse and codification approaches that confirm the gathering and organisation of knowledge. This singularity is used to discuss the implementation of knowledge management in engineering design, after first outlining the engineering circumstances that have led to the stream confirmed on the application in software design. The function of information

As mentioned earlier about the importance of the set of organizations i.e SME’s and MNC’s. the focus or the objective of this paper is to analyze the possible outcomes like competitive advantage for a firm, profits and sustainable growth after the implementation of knowledge management practices, which is the leading factor for competitive advantage, profits and sustainable growth in

The objective of this report is to explain Mr. John Doe about the importance of implementing Business Management Process (BPM) in his company Platinum concepts Pty ltd. This report provides the details about the current business process by using a simple AS IS diagram. Furthermore, it analyses the problems which the company is facing in present stage. The major findings resulted that most of the work are done manually and there is no use of automation machines or electronics. This report provide the proposed solution to the problems by explaining the need of computerization in business processes and the implementation of ERP system in business. Before considering this process it few things need to be check like cost

Regarding to the organisation which they implement PKM in a particular company, it is always crucial that the organisation is being supported by the top level management. The importance of the PKM which is to be implemented in the organisation should be better highlighted because it is vital for them, regardless whether it is for