The Relevance Of An Organization

In order to manage knowledge successfully, it is essential to clarify the essence of knowledge before identifying the importance of knowledge management. The perception of knowledge has been varied broadly; however, one of the generally accepted defintion is from Davenport and Prusak (1998). According to their points of view, knowledge is defined as a set of experience and values, it either comes from individuals ' mind or roots in the organisation, which can be found in the documents, routines, practices and norms, and is assumed to flow between individuals through various networks, being used to assess and embody new

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.

Knowledgeable and well trained employees are needed in every organization. It is important employees are able to perform all the tasks needed in order to reach the organizations needs and achieve the set goals. As times change, employees may stay behind in skills or may even lack training when it comes to new systems, technology or other procedures that the company may need in order to better performance. That is when the importance of training is more evident. An organization has a large responsibility for their success which is why training, development, and career development is

Organizations are social entities that are driven by goals that are designed intentionally, and coordinated activity systems and they are linked to the external environment. It means that the organization should have a way of linking the internal and external environments. Organizations are made of people and the relationship between the people is essential. There is a deliberate move by organization management to come up with structures that ensure coordination of

This paper is the analysis of the avoidable sentinel event of Mr. B, a sixty-seven year old patient who was admitted to the emergency room with left leg and hip pain following a fall. A root cause analysis will help identify key elements which led to the unfortunate event. A plan of action to develop a change theory will help formulate an improvement plan to prevent future occurences like that of Mr. B. A failure

Hislop, D. (2013). Knowledge management in organizations: A critical introduction (3rd ed.). Oxford, UK: Oxford University Press.

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

Learning at an organization is more of a self-conducted activity, and is a continuous process that lasts the entire cycle of the organization and the tenure of the employee. Nevertheless, each organization must effectively employ certain training and development activities for new as well as seasoned employees in order to accomplish different objectives:-

One method of improving your organisations knowledge is by analysing its current information and checking its currency and whether or not it could be updated and improved, once you have found areas of improvement research can be done to either further your teams training, better the current

Knowledge is defined as “an understanding and one that gains knowledge through experience, reasoning, intuition and learning” (Cong, & Pandya, 2003, p. 2). Individuals can inflate their knowledge when they share their knowledge with others, and when knowledge is combined with other people’s knowledge they will begin to build new knowledge. It is also considered as a mixture of values, experience, background information, grounded intuition and authority insight that offers a framework and environment for integrating and gauging new information and experiences. It “is applied in the minds of knowers and in organizations, where it is often embedded not only in documents or repositories but also in organizational routines, processes, practices and norms” (Cong, & Pandya, 2003, p. 2).

Explicit knowledge is easily transformed through written or verbal communication, while tacit knowledge can be very difficult to articulate to others. Also, explicit knowledge is readily available to most, can be learned through books, always conscious and accessible information, and is general information. Tacit knowledge is highly personal in nature, is based on experience, sometimes holders doesn’t even recognize that they possess it, and is situation specific. Each of these ways of learning have their places in the work place and beneficial if companies are challenging their

What do you hear? Chaos? Confusion? No, it is the music heard daily as you take walk in the shoes of an Emergency Room nurse.

In a dynamic economic where change seems very pivotal as we move into the twenty-first century. Acquiring self-development and being self-aware as a manager is very essential in the business environment in order to stand out of a large crowd also gaining competitive advantage in the work place, one needs to continuously develop new learnings in becoming a “knowledge worker” in his or her organisation (Telford, 2006). The higher the level of education of a manager the better the salary he receives .it is very vital at this point to examine the usefulness of self-awareness and self-development and how it adds value to an organisations success also how it creates competitive advantage for an effective manager in the business

Part X1 of Giblin (2014) focused on power in organizations. Giblin (2014) described power as an important aspect in an organization. Power can help maintain order and ensure others are being compliant. Others have defined power as being influential, as being a force that influences behavior of another and to bring about outcomes in the organization. All these definitions and descriptions have similar things in common. First, power is hard to study unless you know who holds the power and who experiences it. Second, power is something to be exercised. Third, power is basically the ability to do certain things. Fourth and final, power can be used by others and not just from the one who holds it (Giblin, 2014).

Knowledge management is defined by Sallis and Jones (2002), as “a systemic method for managing individual, group and organisational knowledge using the appropriate means and technology”. In short, it involves various fields of expertise in achieving organisational objectives by making the best use of knowledge at the same time.