Premium Essay


In: Business and Management

Submitted By shishkrit
Words 1842
Pages 8
Knowledge Management (KM) refers to practices used by organizations to find, create, and distribute knowledge for reuse, awareness, and learning across the organization. Knowledge Management programs are typically tied to organizational objectives and are intended to lead to the achievement of specific outcomes such as shared intelligence, improved performance, or higher levels of innovation.

Role of knowledge management
The goal of Knowledge Management is not to capture all knowledge, but rather manage the knowledge that is most important to the organization. It involves applying the collective knowledge and abilities of the entire workforce to achieve specific organizational objectives.

* Increases customer service-responding to customer’s faster with more relevant and complete information gains sales and retains clients. * Compliance with regulations- effective knowledge management will reduce the cost of audits and assist in complying with regulations such as health and safety. * Reducing administration labour cost-less movement of information around and outside the company saves staff time and cost of labour. * Better collaboration- projects requiring content and information from different departments and external parties benefit from easy access allows greater team work and competition. * Reduce wastage of time and mistake-Access to constantly updated information from an easy to locate source prevents repetition of work on out of dated documents. Staff can add and edit information efficiently and quick. * Improving competitive advantage-The goals and expected outcomes of an organization with effective KM include improved organizational effectiveness, improved productivity, a way to capture best practices, improved decision making, becoming a more innovative organization and a source of competitiveness and improved performance....

Similar Documents

Premium Essay

The Giver Book Vs Movie Analysis

...The differences werer most apparent in these ways, Fiona was assigned as a Caretaker of the Old in the book, the age of the characters were dramatically increasaed in the movie, and the sense of a utopic society was stripped away in the movie. It is highly apparent that the book is indeed better than the movie counterpart. In the original novelization of The Giver, Fiona, one of Jonas’s friends was assinged as a Caretaker of the Old at the House of the Old. In this novel, when people get old enough to where they’re done with their jobs, they go to a place called the House of the Old. There, they’re treated very well till they get released, a term that doesn’t flat out say lethal injection bur of corse no one in the society knows that it is death. In the book...

Words: 560 - Pages: 3

Free Essay

Research Paper

...Pak. J. Weed Sci. Res. 17(1): 51-63, 2011. EFFECTS OF WEED CROP COMPETITION PERIOD ON WEEDS AND YIELD AND YIELD COMPONENTS OF SESAME (Sesamum indicum L.) Zubair1Ijlal1, Asif Tanveer1, Muhammad Ehsan Safdar2, Ahsan Aziz2, Muhammad Ashraf2, Naeem Akhtar2, Farhan A. Atif2, Asghar Ali2 and Muhammad Mudassar Maqbool3 ABSTRACT Farmers’ efforts to control Sesame (Sesamum indicum L.) weeds provide low economic returns as the information regarding critical weedcrop competition period is lacking. We investigated the critical weed-crop competition period in sesame at the Agronomic Research Area, University of Agriculture, Faisalabad Pakistan during summer season (July-November) 2005. Treatments were weed-crop competition periods (WCCP) of 3, 4, 5, 6 and 7 weeks after emergence in addition to full season competition and full season weedy check as negative and positive controls, respectively. A gradual decrease from 6.88 to 12.40 % in seed yield was recorded with 6 weeks to full season weed-crop competition. Non significant reduction in seed yield was observed up to 5 weeks WCCP. Weed crop competition for a period of 3 weeks did not show significant decrease in straw yield, number of capsules plant-1, number of seeds capsule-1 and 1000 seed weight, whereas a significant decline in all these parameters was noted as WCCP exceeded 3 weeks. Weed density and dry weight did not increase significantly until WCCP was prolonged up to 3 and 4 weeks, respectively. This study led to conclude......

Words: 4288 - Pages: 18

Free Essay

International Business

...Chapter 1: Q: You are a U.S. citizen recently assigned as the manager of distribution in a European country where bribery is relatively acceptable. Your job description includes responsibility for accepting shipments as they enter the local port authority. On your first trip down to the docks to sign for a shipment, the customs agent in charge asks for a “tip” to clear the goods for pickup. The value of the incoming shipment is around $150,000. Knowing that the government has recently launched an initiative to reduce corruption, how do you react? If additional information would be helpful to you, what would it be? Min 700 words (this includes the question)A: To my point of view as a manager this would be a very difficult situation. To begin I would be in a complete different country, which means and I know the customs, rules, and laws are not the same. First I would need additional information such as, what would the governments initiative consist of. For example if the government’s initiative consist of making bribery illegal. Also if people could report a bribery, to the police and it would be considered a crime. Or even if people would be willing to work undercover to see which of the major companies are participating in bribery or supporting it. In my opinion this would be since I would work for a company that receives goods through the port. Also I would need to know more of my company. For example what if this bribery or “tip” occurs only for companies that are......

Words: 7799 - Pages: 32

Premium Essay


...TIDBITS OF MY LIFE AN AUTOBIOGRAPHY by Ray Jablonski As one grows older and ponders the past one cannot help but wonder what legacy will dwell. Thus, I shall write about the things in my life, big and small that my descendants may wish to know about and perhaps keep in their memory as well. So I shall begin with the earliest history of my life with the ends and odds of the important things I can recall. These tidbits should reveal what my whole life was all about. Perhaps the luckiest and most important day of my life was 6 p.m. on 7 November 1921 (7/11/21), the day I was born. It happened to be that I was the seventh child of thirteen siblings, right smack in the middle. My mother's name was Florence Amelia. It so happened that she was the thirteenth child of her parents, the Zbrowski's. My Zbrowski grandparents were born and married in the western German occupied area of Poland. They had several children there and migrated the family to Reading, Pennsylvania in 1879. Florence, my mother, was born there on 19 March 1890. She had six brothers and six sisters. She was very fortunate to have received a good Catholic education and graduated from Common School (eighth grade), which was quite an achievement for a female during the turn of the last century. She was bilingual and could read and write both Polish and English. Her father was a successful tailor and a proprietor of a local saloon......

Words: 43629 - Pages: 175