The Importance Of Knowledge Management Systems And Their Positive Effect On Organizational Performance

Being able to solve problems and make accurate decisions in the healthcare industry is a dependent upon healthcare knowledge management. Having an organized well thought plan for knowledge management will help to deliver a successful healthcare knowledge management. After reading this week’s assignment it was said that healthcare knowledge management is defined as the practice of explicitly and deliberately building, renewing, and applying relevant intellectual assets to maximize effectiveness. Knowledge can be in explicit or in tactic form. Explicit form is databases, spread sheets, documents, presentation slides, and other sorts of media. Tactic is considered as “know-how” better known as stored in one’s head. Both explicit and tactic are forms of technology that can help in healthcare knowledge

This chapter describes what is knowledge management in details as well as what is the factors of implementing knowledge management which are implementing best practices, network expansion, systematic information system infrastructure, good organizational culture, senior management leadership and commitment and trustworthiness of teamwork.

The superior capabilities of knowledge management systems provide an opportunity for the business to engage the most effective components and recognize the importance of communication to make informed, accurate decisions (McGrath, 2001). This system can organize the company’s knowledge resources, knowledge obtaining, organizing, and applying to make a sound routine the will enforce effectiveness (Niu, 2008). The dynamic function of knowledge management to create, capture, and apply knowledge to achieve an organization’s objective will allow them to be more profitable and successful (Zucker, 1986). In addition to increasing profits, the system can be also used to reduce costs and enhance research and development (DeTienne & Jackson, 2001). With all of these advantages, it would be wasteful for a company to not employ knowledge management. As seen in the Discovery Communications, Inc. example, the company can attribute their new productivity levels and increase in ease of securing documents to the knowledge management system that put into place by Carefree Technology. Like Discovery Communications, Inc., knowledge management is so popular today because companies can collect, process and share knowledge to ignite employees ' creativity which in turn will make the business grow. Wenhong and Jianhua (2009) explained the core of knowledge management is to convert company’s knowledge resources into an increased company

While Knowledge Management (KM) is important in any business however, there is no real agreed upon definition. KM is a concept that includes the

Healthcare knowledge management is a very important piece to health care. without healthcare knowledge management there would be a big chaos in healthcare. every organization wants a perfect or a near perfect office in order to have that, they have to practice or make the healthcare knowledge management their primary thing. because they can't success without healthcare knowledge management, can't have the office of their dream without the healthcare knowledge management, employees, finances, equipment, and patients all would go down the hill if without healthcare knowledge management did not exist. with healthcare knowledge management an organization will benefit all of these, making better and faster decision, it makes it easy to find appropriate

Effective knowledge management, using more collective and systematic processes, will also reduce our tendency to ‘repeat the same mistakes’. This is, again, extremely costly and inefficient. Effective knowledge management, therefore, can dramatically improve quality of products and/or services.

Knowledge management in the healthcare domain may be regarded as an integration of formal techniques and methods in order to ease the utilization, dissemination, preservation, development, identification, acquisition and creation of the diverse aspects of the knowledge assets of the healthcare organization (Bordoloi & Islam, 2012). Delivery of excellent healthcare services requires optimal knowledge management and thereby having an established knowledge management process aids to enhance the process performance. Past studies analyzing the importance of knowledge management in healthcare depict that this process is far more complicated in the healthcare domain. This is mainly as a result of diverse perspectives on knowledge

Call, D. (2005). Knowledge management - not rocket science. Journal of Knowledge Management. (April) p.19-30. [Online]. Available from: http://www.emeraldinsight.com.ezproxy.staffs.ac.uk/doi/abs/10.1108/13673270510590191 [Accessed: 20 November 2016].

Although two types of knowledge (tacit and explicit) may appear to be categorized differently, author stresses that both types of knowledge need to be incorporated into clinicians’ problem solving and decision making processes for patients. The second section highlights the three steps of transformation which help form knowledge. The steps include, transition from reality to data, data to information (know-what), and information to knowledge (know-how). Author also examines knowledge with a different angle of looking at potential to increase or decrease its value. Building on these core concepts, the author brings the article to a final section. He takes an in-depth look at five different relationships and capabilities that hold critical importance in knowledge-value chain. The five associations include mapping/acquisition, creating/destruction, integration/sharing/transferring, replication/protection, and lastly performance assessment/innovation. When these relationships interdepend on each other actively in great synergy, they will bring higher knowledge performance granting a higher overall value for the organization. Knowledge mapping and acquisition serves as a foundation of knowledge translation. First, public health organizations must collect, filter, understand, and learn the knowledge. With the pool of knowledge retrieved in the first step, public health organizations can create knowledge from merging tacit, explicit, internal, and

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).

The growing stream of articles on and consulting approaches to knowledge management practice today reveals a wide range of recommended processes and techniques. Unfortunately -- especially for managers looking for insights to guide knowledge management practices -- many of these recommendations often seem disconnected from each other, and in the worst cases, various recommended approaches even seem to be

Knowledge management can be considered to be an essential strategic function in any organisation today. As the world becomes more globalised, and traditional structures of intermediation are removed whilst new ones are created, it is clear that knowledge, and consequently a learning organisation is one that is more likely to find unique sources of competitive advantage, and be able to develop sustainable competitive strategies in the long term. A number of different processes and sub-processes have been identified with knowledge management, such as knowledge generation, knowledge codification, and knowledge transfer or

On the opposite view in the second part，Recent studies suggest that knowledge sharing can be advanced through bridging both KM and HRM fields (Oltra, 2005).The author’s conclusion is that in order to achieve efficient knowledge management organization system, organization should do the argument depend on the dubious and gratuitous assumption that KM- HRM practices bring positive affect on the organization. However the mere fact does not necessary represent that sharing knowledge based on the combination of KM and HRM practices. Thus, given these possible scenarios, the fact is Knowledge management- related human resources (HR) do come into extensive, proves nothing about knowledge sharing could be advanced. Meanwhile, the results suggest that collaborative human resource management practices have a direct positive effect on employees’ knowledge sharing behavior (Iqbal, Toulson & Tweed, 2015). Surprisingly, the authors find that employees’ knowledge sharing behavior is independent of reward systems and employees’ recognition.

The term knowledge management has become common in businesses throughout the world. Despite its increased prevalence, there remains a large degree of confusion concerning the applied definition of what knowledge management is. Within the knowledge management community, attempts at defining this elusive term appear to be in constant flux. However, a basic description of what constitutes knowledge management, and the various

Knowledge management (KM) is the name given to the set of systematic and regimented actions that an organization can take to attain the maximum value from the knowledge available to it. Effective knowledge management normally requires a proper amalgamation of organizational, social, and managerial initiatives along with exploitation of apposite technology.