Knowledge Management An Organization Behavioral Approach

4088 words - 17 pages

KNOWLEDGE MANAGEMENT AN ORGANIZATION BEHAVIORAL APPROACH1. ABSTRACT2. INTRODUCTION3. ECONOMIC EVOLUTION4. WHAT IS KNOWLEDGE MANAGEMENT5. OVERVIEW OF THE PRACTICE OF KNOWLEDGE MANAGEMENTKnowledge IdentificationKnowledge AcquisitionKnowledge sharingKnowledge developmentKnowledge applicationKnowledge CreationKnowledge preservationKnowledge measurement6. ULTIMATE IMPACT OF KNOWLEDGE MANAGEMENTSharing best practicesUnifying specialized knowledgePreserving valuable knowledge assetsNurturing the culture of innovation and creativityAnticipate changes in the marketplace7. CONCLUSIONInnovation and creativity will be the essence for k-economy to be realized in order for organization to stay ...view middle of the document...

Thus, to be able to work smarter for sustainability, Malaysia has to move to knowledge economy as soon as possible.Prime Minister , Dr. Mahathir Mohamed, in Vision 2020 states:By the year 2020, Malaysia can be a united nation, with a confident Malaysian society, infused by strong moral and ethical values, living in a society that is democratic, liberal and tolerant, caring, economically just and equitable, progressive and prosperous, and in full possession of an economy that is competitive, dynamic, robust and resilient.In the early days of independence, Malaysia economy relied heavily and extensively on the export of two commodities that are rubber and tin. During this period, the economic is based on agriculture production. The main activity is farming and Malaysia became one of the biggest producers of rubber. As more productivity is sought, the economics turn to industrial based as the manufacturing sectors started to grow. Although agriculture remains as an important economic sector, manufacturing sectors also emerges as the most important sector to the country.The transformation from agricultural to manufacturing sectors took place during the years of 1970 to 1980. This period also witnessed a significant change in Malaysia economy in term of its greater integration into the world economy. Malaysia adopted more liberal trade policies as to lure trade and foreign investors to the country. It is believed that open economy policy will encourage higher productivity and returns. However, according to Prime Minister, Dato Seri Dr Mahathir Mohamad, manufacturing sector contribution to Gross Domestic Product will peak by year 2005. By then, when the economy become global, and as the competition for new market become stiffer, more innovation and creation are needed. As such, there is a need to have a networking or connectivity of people in the global economy to share expertise and knowledge to the creation of new product. Thus, the new factor that will influence the economy will be knowledge.The World Development Report in 1999 states that knowledge has become perhaps the most important factor determining the standard of living more than land, than tools, than labor. Today most technologically advanced economies are truly knowledge-based.(Cheng Ming Ju, 2001)Knowledge based economy is an economy where knowledge intensify and its application to production and to productive sectors of any country economy can bring about quantum leaps in growth.(David Abdulai, 2001) The main player in knowledge-based economy will be the knowledge workers.Knowledge workers are symbolic analyst workers who manipulate symbols rather than machines, such as architects, bank workers, fashion designers, researchers, teachers and policy analysts. United States, which has an advanced economy, 60% of workers, is knowledge workers. Knowledge workers will make up a knowledge organization. Knowledge organizations practice knowledge management. Unfortunately, there is no universal...

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