Knowledge Management Essay Example | Topics and Well Written Essays - 2500 words

Knowledge Management - Essay Example In order to efficiently control people who comprise the desired tacit knowledge, it is fundamental to take into consideration their cultural and social values, likings and dislikings, feelings and eagerness’s for creating new knowledge (Asian Foundation, 2008). The paper includes the recognition and analysis of knowledge management as a crucial component in organisational progression and also the importance of managing the people who deal with managing knowledge in the organization as well as the effect of wrong culture on reducing the effectiveness of knowledge management. Significance of Knowledge Management in the Organisational Context Knowledge management is one of the most critical arguments in this world of globalization. It is famous both in the industry and the information research world. In reality, an individual deals with huge amount of data and information but these do not become knowledge unless certain value is found out of it. For this reason, knowledge managem ent is required. Knowledge management deals with the processes of acquiring, creating and sharing knowledge and cultural and technical justifications that can substantiate them. Knowledge management is the collection of numerous technologies of information that are used to simplify the gathering, organizing, alteration and transformation of knowledge among employees. Knowledge management has both benefits as well as limitations. The various advantages are focused in a brief way. In every organization, there is need to find the specific knowledge which can be utilized by individual’s for future requirements. This would rather help to gain more knowledge in a short time frame. Besides, the other crucial aspect is the ability of all individual employees to use the organization’s knowledge and... The intention of this study is knowledge management as one of the most critical arguments in this world of globalization. It is famous both in the industry and the information research world. In reality, an individual deals with huge amount of data and information but these do not become knowledge unless certain value is found out of it. For this reason, knowledge management is required. Knowledge management deals with the processes of acquiring, creating and sharing knowledge and cultural and technical justifications that can substantiate them. Knowledge management is the collection of numerous technologies of information that are used to simplify the gathering, organizing, alteration and transformation of knowledge among employees. Knowledge management has both benefits as well as limitations. The various advantages are focused in a brief way. In every organization, there is need to find the specific knowledge which can be utilized by individual’s for future requirements. Th is would rather help to gain more knowledge in a short time frame. Besides, the other crucial aspect is the ability of all individual employees to use the organization’s knowledge and experiences in their own way so that it can be helpful in the path of life. Moreover, another significant point of concern is availability of the knowledge, at exact time and in right manner so that it can be transmitted according to the needs. Thus, knowledge management enables an organisation to gather required information for reference in any point of time by any employee.