This website uses cookies to ensure you have the best experience. Learn more

Knowledge Management In Sm Es Essay

9236 words - 37 pages

KNOWLEDGE MANAGEMENTInSMEsALI KOOHESTANI1041200899a.koohestani@gmail.comIN COLLABORATION WITHPROFFESOR A. SEETHARAMAHASSOCIATE DEANMBA CENTREMULTIMEDIA UNIVERSITYCYBERJAYA - MALAYSIAJanuary 2006ABSTRACTAs the new century is characterized by the era of knowledge and information, these terminologies affect each and every aspect of our daily life as individuals. Obviously the role of these concepts is stronger in business levels. So as to benefit from the implication of knowledge, first and foremost one should determine the various functions of it. Small-Medium size Enterprises, compose a large portion of today's businesses, thus, practical extension of such a concept to dipper stratums of SMEs is essential.This case considers the importance role of Knowledge Management (KM) in small and medium size enterprises (SMEs) and the appropriate KM techniques for such organizations. This study relates and analyses the conceptual approaches appropriate for knowledge management in the region of SMEs. In this regard, theory suggests that this is an important area of activity which should be considered. However, a dilemma exists, as there is no in-depth study on which to base this research. Given this lack of existence, it is inescapable to look at antecedents to identify areas of appropriateness for the chosen context.INTRODUCTIONToday, Knowledge has become one of the most critical driving forces for business success. Organizations are becoming more knowledge concentrated, hiring "minds" more than "hands", and the need for leveraging the value of knowledge to a large extent is increasing. As a result, knowledge has been treated systematically much like other tangible resources and many organizations are exploring the field of knowledge management (KM) so as to improve and sustain their competitiveness. In this regard, organizations need to be aware of the factors that will affect and drive the success of a KM initiative. Most of the studies have not considered the differences of company size as well as the specific features of small and medium enterprises (SMEs) that could affect KM. However, the concern is no longer only the large enterprises as it has now become a widely spread business discipline. Asserted by Frey (2001), although major corporations have led the way in introducing and implementing KM, it is progressively more important for small businesses to manage their collective brains. "Knowledge management [KM] has become the latest strategy in increasing organizational competitiveness." (De Tienne & Jackson, 2001 p1). Today, knowledge is the primary source of competitive advantage and the key to success for organizations in the knowledge economy (Grant, 2002, MacKinnon et al, 2002, Patriotta, 2003). Unlike other resources the more knowledge is used the greater its value. Its greatest value is leveraged when it is encoded making it easy to access and use. This encoding process has created a paradox of value (Bosoit, 2002) as it allows easy access...

Find Another Essay On Knowledge Management in SMEs

Knowledge Management Technologies in RTA Essay

2828 words - 11 pages Knowledge Management Technologies in RTAASSIGNMENT 2By Abishake ChandrasekaranDate: 21/06/2008Executive SummaryThis report is all about Road and Traffic Authority (RTA) in NSW. Firstly, Road and Traffic Authority (RTA) is the New South Wales agency which is responsible for road safety, traffic regulation, provide licence to the drivers and vehicles registration. Another important role of RTA is to maintain national and state road networks and

Social Technical Theory in Knowledge Management

997 words - 4 pages ITM 501Module 1 Case AssignmentSocial Technical Theory in Knowledge ManagementMay 20, 2010Henry David Thoreau once said, "True friendship can afford true knowledge. It does not depend on darkness and ignorance". (Lewis 2006) If we look at friendship as an organization, and relationships within, you will find that Thoreau's statement is relevant to knowledge management. Information sharing between divisions, branches, and individuals is critical

Knowledge Management Strategic Master Plan in Malaysia

1584 words - 6 pages INTRODUCTION In the new era millennium with the explosion of digital connectivity Malaysian government is using ICT application by launching the Knowledge Management Strategic Master Plan aiming in transform Malaysia to increase productivity, improve accountability, enhance transparency and facilitate public sector. Improved knowledge management is essential to governmental agencies at the national, regional or local rivals, because

"Knowledge management and leadership in learning organizations: an integrated prospective"

3283 words - 13 pages personal networks. Now that we understand what a learning organisation is, we have to examine how it relates to the emergent topic of knowledge management.Knowledge Management:There are many different descriptions for knowledge management in the literature, and even Socrates himself found it difficult to know what knowledge is (Mouritsen & et al., 2005). The simplest yet understandable description of knowledge management was by Loermans

Knowledge Management: The benefits of implementing knowledge managemnt in a company

2114 words - 8 pages The concept of treating organizational knowledge as a valuable asset to leading organizations has been popularized by leading management and organization theorists. Organizations are being advised that in order to remain competitive, they must efficiently and effectively create, locate, capture, and share their organization's knowledge and expertise, and have the ability to use that knowledge on specific problems and opportunities. Firms are

Knowledge Management: Is this the next step in the evolution of management theory?

805 words - 3 pages Knowledge Management: Is this the next step in the evolution of management theory?Knowledge management is the latest management theory being adopted by firms. Knowledge management is a process of incorporating intellectual and knowledge based resources, to create a competitive advantage, by sharing them amongst employees and departments to devise the best practices. As pointed out in James Boomer's article it is a common misconception that

The Application of Knowledge Management in Process Performance in an Organization

661 words - 3 pages This paper discover about application of knowledge management in process performance in organization. An experience of applying technology of appropriate results in improving operational management is important. In order to measure the success of process performance consistently, the organization have to use different features in each knowledge management presentation. They have to change the practices to be more responsive so some improvements

A Circular Relationship: The Role of Trust in Knowledge Management and Organizational Systems

1664 words - 7 pages . Trust is becoming a greater issue in terms of the knowledge-based activities that pervade today's information-intensive organization. This paper examines how the concept of trust, including internal and external trust, plays a role in today's organizational systems and processes.As companies have come to value information and knowledge as a competitive advantage, the practice of knowledge management has expanded. It is considered a "discipline

What is Knowledge Management(KM), the use of KM in today's business environment

3024 words - 12 pages ............................................... 86. Knowledge Management Strategy ............................... 107. Conclusion and Recommendation ................................ 118. Reference and Appendix ............................................. 12Executive SummaryThe coursework is mainly focused on the organisational changes in past few years. According to Prof. Petew , from Warwick Business School. There is a huge change in UK and some of the international firms across the

SME Development In Pakistan. Do Economic Growth And Government Support Matter?

2801 words - 11 pages . Rational of the study This study would add up the knowledge in the literature about the existence and success of SMEs in case of growth of Pakistan’s economy. It would tell us that with advancement of Pakistan’s economy SMEs sector would persist or replaced by large Les. Secondly this study would help to estimate the level of dependence of SMEs growth on government SMEs support programs. This calculated level of support would be very helpful for SMEs

Kart's Food Industries Sdn Bhd

1327 words - 6 pages on the current problems of SMEs. Success also organises seminars, workshops and other activities to help expand business knowledge of SMEs and to improve their entrepreneurial skills. In consultancy services, SMES ask the professional and expert advice can apply to business adviser "Meet the Advisors" provide or participate in mentorship of SMES planning and advisory services to the beginning of the potential business. An analysis of the

Similar Essays

Knowledge Management In Healhcare Essay

1755 words - 7 pages Introduction Knowledge management in the healthcare domain may be regarded as an integration of formal techniques and methods in order to ease the utilization, dissemination, preservation, development, identification, acquisition and creation of the diverse aspects of the knowledge assets of the healthcare organization (Bordoloi & Islam, 2012). Delivery of excellent healthcare services requires optimal knowledge management and thereby having an

Knowledge Management In Healthcare Essay

1822 words - 7 pages departmental sharing of information. Also to be illustrated are the proper assimilation sequence of the knowledge management model tools in the organization so as to improve on the limitations and increase efficiency of operation within. Extensively, the patient centered medical home and the Chronic Care Management are integrated in the acute care system and the hospital in regards to delivering chronic illness care. The current payment and delivery

Knowledge Management In Organizations Essay

3231 words - 13 pages The owners of any company always search for different methods to make their company and business profitable. Knowledge management is one of the aspects that are very important for the company and business. First of all, it is important to find out what really the knowledge management is. ‘’ There is much more to knowledge management than technology alone. Knowledge management is a business process.’’ (Sarvary, 1999, p.95). Nowadays in the

Knowledge Management In Academic Libraries Essay

1919 words - 8 pages Introduction Knowledge has become a key resource in the present information and knowledge era. Knowledge management is a concept that has emerged explosively in business organizations during the 20th century. The application of knowledge management has now spread to other organizations as well including academic libraries. Knowledge management has been regarded as strategically important for organizations to gain a competitive advantage over