Many organizations leap into a knowledge management solution (eg document management, data mining, blogging, and community forums) without first considering the purpose or objectives they wish to fulfill or how the organization will adopt and follow best practices for managing its knowledge assets long term. If there is a resource who is in great demand due to having a skill that is in short supply, knowledge management can help make that resource available to the entire organization ways of doing so include community discussion forums, training events, ask the expert systems, recorded presentations, white papers, blogs, podcasts and videos 11.
Knowledge management opens the doors to a new era of collaboration and sharing nowadays, with corporate mergers, employee turnover and global expansion, people must work differently: they need to collaborate with peers that are overseas, exchange ideas, keep current on global matters and have quick answers to their questions. Conversely, failure to do so could leave you vulnerable to competitors who can demonstrate their knowledge management capabilities and benefits 12 accelerating delivery to customers speed of execution is another important differentiator among competitors all other things being equal, the company that can deliver sooner will win. Most companies, having realized the importance of standardized procedures with respect to training and information exchange among employees both vertically and horizontally, have invested thousands of dollars on various types of esolutions, such as corporate web sites, learning management systems, and knowledge management systems.
With such a variety of knowledge management solutions, it is imperative to understand the cost and benefit of each type of technology and the primary technology providers in the marketplace don't be too quick to purchase a new technology without first determining if your existing technologies can meet your needs.
A knowledge management system (kms) is an information system designed particularly to assist the sharing and integration of knowledge knowledge management addresses the living knowledge inside. Knowledge management benefits experts get better at what they do by learning more some people can only learn by trying to do things themselves, but most people learn a lot from each other when people share expertise fully and openly, the sum is greater than the parts quantum leaps in knowledge can be generated when experts collaborate.
The list of possible benefits is endless we have barely begun to scratch the surface of possible ways to harness the power of knowledge management the attractive incentive to the intelligent business person is that those who can figure out to leverage this asset (knowledge) in new and creative ways, can gain a serious sustainable competitive. Over the past two decades, “knowledge management” is a term that has become common in the business world simply put, knowledge management means getting the right knowledge to the right person at the right time, via the most ideal device in practice, the process is a little more involved—it means gathering raw data and information, analyzing it, contextualizing it, and organizing it so. Businesses can enjoy many new advantages when they adopt a strategic km model that promotes knowledge communities and applications that support knowledge management just consider the following top eight benefits of knowledge management, and imagine how this kind of system could improve and streamline your business operations: 1. While information overload or needing knowledge from people in other parts of the company for decision-making can handicap managers, putting in place knowledge management systems can facilitate.
This article will define knowledge management and explain the benefits of such a system creating a knowledge management system knowledge inherent to business processes, often called corporate knowledge, is any information essential to the daily functions of an organization.