Purpose Thomson Reuters is a global information company, headquartered in the Canada, and operates in 93 countries with over 50, staff Thomson Reuters, Being a knowledge based organization, Reuters was having problems with the flow of knowledge amongst different departments across several countries. The literature would also include theories on pre and post integration strategies for Knowledge Sharing Intranet applications, directed at organizational environments where knowledge sharing or transfer, without a pay benefit, was not the norm. Primary data would include a case study analysis and possible telephone discussions with few staff, in order to ascertain the success of the intranet integration as a method of encouraging knowledge sharing in the organization.
Interest in knowledge management is rapidly rising within organizations today. Knowledge supports the ability of every business organization to prosper. In an organization, every output and action that delivers value must be aligned with three stages that all organizations compete in: Knowledge management helps an organization to shorten a cycle of all internal activities, cut operating costs, and perform more efficiently and effectively, upon implementation.
Increased ability to manage knowledge in an organization, in turn, enables an organization to provide better quality services to consumers. It underscores the need for knowledge management in a business organization. Benefits of Knowledge Management Recent studies and data indicate that most organizations have incurred a substantial amount of resources in knowledge management.
It means that knowledge management is being considered as an important aspect of business operations. In addition, organizations have gained immense benefits from application of knowledge management.
Buchman Laboratories, which is a chemical company specialist and an early adopter of knowledge repository, has already spent 2. In return, the above companies have improved service delivery to customers as well as benefited from a decline in business operating costs.
There are two main initiatives that are essential in knowledge management. The first and most important initiative is making a better use of already existing knowledge within an organization through knowledge sharing.
Second initiative is, through knowledge creation, focusing on innovation and transformation of ideas into valuable services Jawadekar, This initiative is the most complex but with the best potential to transform organizational performance.
Organizations that have incorporated KM in their operations have realized a substantial growth in product and services delivery. For instance, knowledge management and commercialization of ideas have enabled companies such as Formula One and Netscape to become multi-million dollar organizations.
Recommendations In knowledge management phase, an organization needs to have well-established client-server databases that are fast and user friendly. They provide technical resources and motivation required to capture, share, and synthesize knowledge in an organization.
It also enhances organizational learning and the ability to traverse the knowledge web within entire organization. Management team in an organization also needs to involve people in knowledge management.
Involvement of organizational staff also makes it easy to capture and share their expertise. In addition, it facilitates transformation of tacit knowledge into explicit knowledge. Conclusion It is evident that most organizations have spent a large amount of money on application of knowledge management in pursuit of competitive advantage in business.
Implementation of knowledge management is essential since it improves product and service delivery to consumers. It also plays a crucial role in reduction of production cycles and overheads and shortens time used in product development.
It also empowers employees with innovative ideas that equip them with managerial skills essential in overcoming business challenges. An organization needs to apply KM in its business operations. This is because the more an organization supports and integrates knowledge, the more it provides better and faster services to its customers.
In addition, knowledge management enables an organization to prevent knowledge loss. Therefore, its decision-making processes improve as well as flexibility and adaptability enhance throughout entire organization.
In return, it strengthens overall organizational competitive advantage. Custom Knowledge Management Report Essay.Implications of business process management for operations management Colin Armistead and Simon Machin The Business School at Bournemouth University, Bournemouth, UK Introduction Operations management is concerned with the management of people, processes, technology and other resources in order to produce goods and services.
Counterclaims, perspectives, and implications. Presenting an objective argument One of the key aims you should have as you write the essay is to ensure that you present an objective argument.
- Introduction From the last decade, the discipline of the Knowledge Management (KM) has a long foot development, which was established since (Sven C. Voelpel and Han, ) As the weight of the investment to KM system increasing, the researches of management to knowledge get more complex and integrate.
Implications For Classroom Teachers Education Essay. Print Reference this. Disclaimer: According to Winn, , learning is a dynamic process whereby the students’ knowledge and skills are different when compared before to after learning.
Since ‘teaching’ is the promotion of learning, our knowledge of learning and the corresponding. Performance Management is a management process put in place by an organisation to ensure that employees are aware of the level of performance expected of them in a particular role within said organisation, as well as any individual objectives they will need to achieve to achieve the overall organisational objectives.
“Knowledge management is a discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise’s information assets.