Use Of Knowledge Management ( Km ) And Innovation

2009 WordsMar 24, 20169 Pages
1. Introduction This report looks at the use of Knowledge Management (KM) and Innovation as a strategy in an organisation and how organisations have adopted the concept and principles behind the Knowledge Management theory and implementing them into the organisation to measure the successful delivery of the strategy. KM is a discipline that promotes an integrated approach for identification, capture, retrieval, distribution, sharing, use and reuse of information and knowledge assets. Through this discipline, staff, processes and technologies will be aligned to drive the realisable value and benefits of the information provided and knowledge assets and contribute to the organisational efficiency, effectiveness and innovation. Despite the continuing interest among researchers and practitioners on KM, however, KM still remains a mystic to senior executives in an organisation filled with obscure terminologies and often, treated as a marginal periphery. One of the earliest pioneers of KM back in 1991 was Ikujiro Nonaka, whom argued that the superior performance of Japanese companies in the past can be attributed to their ability to transform, transfer and re-use tacit knowledge from one individual to another individual within the firm. However, in order to argue there are two types of knowledge: explicit and tacit. The idea of transforming tacit knowledge into explicit knowledge through a designation process became expeditiously popular over the past few years. With the
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