Knowledge Management and Organizational Knowledge - 882 Words

Nowadays, successful organizations adopted the socio-technical systems information and knowledge management has become increasingly importance to businesses. Knowledge Management process continues to enable managers and employees with valuable understanding of their business environment and knowledge to make strategic business decisions. This essay will explain data, information and knowledge as well as the socio-technical system, knowledge management, organizational knowledge and organizational learning. We will also discuss the relationship between organizational knowledge and organizational learning as well as the affect that knowledge management has on each of these concepts. However, in order to understand Knowledge Management, we†¦show more content†¦Organizational Learning - The ability of an organization to adapt accordingly to changes identified in an environment from experience and knowledge (Argote, L. (1999). What is learned by an organization is committed to organizational memory or knowledge, which is continually updated. Socio-technical System- Organizational structure realizing and identifying the interaction between social structures and technological systems. Relationships between Organizational Knowledge and Organizational LearningThe relationship between organizational knowledge and organizational learning is one of interconnectivity. As we have already established, organizational knowledge is the produced knowledge that an organization has accumulated, disseminated and stored as a result of the knowledge management process. Organizational learning is the ability of an organization to learn from experience and knowledge in order to adapt and enable itself to increase efficiency, productivity and better decision making. These two things are very much connected to each other in what can be described as a looping process. As organizational knowledge is created and maintained through the Knowledge Management process employees and managers utilize the organizational knowledge to increase their ability to be more productive, creates innovation and ultimately increase the organizations bottom line. The data or information gleaned in an organization s learning process, onceShow MoreRelatedKnowledge Management and Organizational Learning14946 Words   |  60 PagesLund Institute of Economic Research Working Paper Series Knowledge Management and Organizational Learning: Fundamental Concepts for Theory and Practice 2005/3 Ron Sanchez Ron Sanchez, Professor of Management Copenhagen Business School, Solbjergvej 3 - 3rd floor, DK-2000 Frederiksberg, Denmark, sanchez@cbs.dk Lindà ©n Visiting Professor in Industrial Analysis, Institute of Economic Research, Lund, Sweden Abstract This paper investigates several issues regarding the nature, domain, conceptualRead MoreKnowledge Management as an Organizational Tool Essay949 Words   |  4 PagesKnowledge Management is a tool that uses internet technologies to put large amounts of data online using a company’s intranet. This set up creates a central depository of a company’s information. This gives all employees within a company access to the vast wealth of knowledge a company has created. This knowledge can consist of many different types of information. Some examples are client knowledge, knowledge of process, knowledge in the memory of the firm, knowledge from relationships, and physicalRead MoreOrganizational Learning and Knowledge Management in Mcdonalds3749 Words   |  15 PagesMODULE NUMBER: HRM 4065 ORGANIZATIONAL LEARNING AND DEVELOPMENT REPORT TOPIC: An agreed case study report on organization learning and development analyzing appropriate knowledge management, design, development and learning choices available. MODULE LEADER: PROFESSOR DEREK MILES STUDENT NUMBER: M00373290 SUBMITTED ON: 30TH APRIL 2012 AT MIDDLESEX UNIVERSITY HENDON CAMPUS. CONTENTS: 1. Executive summary 2. Introduction to the report 3. Company Overview 4. TheRead MoreThe Importance Of Knowledge Management Systems And Their Positive Effect On Organizational Performance1926 Words   |  8 Pagesaids and funds. These require a significant importance being put to knowledge management. The research has shown that use of knowledge management can help in understanding the performance in the organizations and (Davenport and Prusak, 1998). Other more recent studies like done by Fugate et al. (2008) and Huang and Chen (2009) also have talked on the importance of knowledge management systems and their positive effect on organizational performance. The aim of this report is to analyze the informationRead MoreThe Role Of Social Media On Organizational Performance And Correct Decision Making992 Words   |  4 PagesKnowledge is power, which has already been regarded as the essential organizational source in organizational strategy (James, 2004) and knowledge can give organizations competitive advantage so as to face the fierce competition in today’s market environment(Erden et al., 2008). At the same time, utilizing the knowledge can contribute to the good organizational performance and correct decision making, which plays a significant role in organizational innovation (Laudon and Laudon, 2006). KnowledgeRead MoreEssay on MBA detail course outline1314 Words   |  6 Pages(Evening): 1.5 years (Quarters, 3, 4, 7, 8 14) General Management 1st Quarter Effective : Spring Quarter 2011 Human Resource Management Finance Accounting Banking Finance †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Research Methods †¢ Research Methods †¢ ResearchRead MoreThe Importance Of Knowledge Management And Information969 Words   |  4 Pages Knowledge management and information is the process of capturing, developing, sharing, and effectively using organizational knowledge.It refers to a multi-disciplinary approach to achieving organizational objectives by making the best use of knowledge. It includes the fields of business administration, information systems, management, library, and information sciences. Other fields may contribute to research, including information and media, computer science, public health, and public policy. ManyRead MoreApplying Social Technical Theory in Knowledge Management (Km)1058 Words   |  5 PagesApplying Social Technical Theory in Knowledge Management (KM) The theme of my paper pertains to the application of Social Technical Theory in Knowledge Management. Technology has changed the operation of business organizations around the world. Applying socio-technical theories in knowledge management advances the ability of one organization to rapidly disseminate and share information vital to the fast, sophisticated and highly demanding information technology superhighway. Timely andRead MoreEssay On Knowledge Sharing1479 Words   |  6 Pagesadvantage through knowledge sharing has been constantly overlook and ignored in less developing countries like Pakistan. Under the current study attempt was made to delineate the factors that enhance, facilitates and influence knowledge sharing in developing countries. The current research focuses on banking sector and made contribution in Pakistani scholarly circle within the context of banks. The limited evidences are found that focus on these variable in banking context. Organizational fact ors selectedRead MoreDefinition Of Organizational Management Approach1463 Words   |  6 PagesAssignment Choice #1: Organizational Management Approach Analysis Historical approaches to management have influenced contemporary managerial theories and approaches (Colorado State University - Global Campus, 2015). Current approaches and designs â€Å"can be greatly aided by looking seriously at what clever minds attempted in the past† (Cummings Bridgman, 2011, p. 90); however, historical conventions should not restrict thinking in the future (Cummings Bridgman, 2011). First, a contemporary theory