Organizational Knowledge Management Theory and Application
Management theories help managers succeed in advancing the company goals. Knowledge management is one of the theories. Knowledge management is the management of corporate knowledge and intellectual assets; furthermore, knowledge management adds value to an organization by enabling an enterprise to act more intelligently (Gupta et al., 2002). Koenig, (2012), defines knowledge management theory as a “discipline that promotes an integrated approach to identifying, capturing, evaluating, retrieving, and sharing all of an enterprise's information assets”. He goes on to say, “these assets may include databases, documents, ...view middle of the document...
This learning environment is formalized using knowledge management with different technology, social, and environmental processes that promotes the acquisition, mastering and sharing of ideas.
Application of Knowledge Management Theory
White River Medical Center (WRMC) is transforming its organization to deliver health care in a new way. Many components of transformation involve absorbing outside data and emulating others. The knowledge of the present staff needs collecting and refining to meet goals of change. Methods that promote teamwork and sharing of ideas will help change processes that ensure success.
These new pathways to deliver health care are resource intensive in both terms of time and money. Knowledge management formalizes synergies of both implicit and explicit knowledge. Efficiency helps reduce redundancy and cost while speeding the transformation time.
Knowledge management can leverage the current knowledge, processes and thoughts of the organization. This kind of management is synergistic with ongoing learning from outside data sources and using these to advance the organization. Knowledge management “focuses on processes such as acquiring, creating and sharing knowledge and the cultural and technical foundations that support them” UNC, 2014.
In conclusion, WRMC can use knowledge management to make decisions and create processes in a learning environment. The knowledge is obtained, shared, and becomes an integral part of the new learning organization, WRMC. The new learning organization can make decisions, adapt, and continually renew processes that...