Describe and analyze what is mean a current real-world knowledge management issue reported in any news.
Describe and analyze what is mean a current real-world knowledge management issue reported in any news.
Knowledge of management
Introduction-:
Taking advantage of all the expertise within an organization is a great way to maximize its potential. Companies have a well of untapped knowledge within their workforce that is lying dormant or siloed to individual staff or departments.
-With the proper management structures in place, this knowledge can be found, stored and made accessible to the wider workforce, offering tangible business benefits.
-Knowledge management is the conscious process of defining, structuring, retaining, and sharing the knowledge and experience of employees within an organization.
-As organizations evolve, expand into new areas, and define their approach to business, they develop significant institutional knowledge. This information is invaluable to the company. Imparting it to new or less experienced staff is vital for maintaining successful operations.
-The primary goal of knowledge management is facilitating the connection of staff looking for information, or institutional knowledge, with the people who have it.
-With practical knowledge management in place, organizations can spread information and raise the level of expertise held by specific individuals or teams to improve the efficiency of their practices.
-It often refers to training and learning in an organization or of its customers. It consists of a cycle of creating, sharing, structuring, and auditing knowledge to maximize the effectiveness of an organization’s collective expertise
Parts of knowledge management-
Knowledge management can be separated into three main areas:
1-Accumulating knowledge
2-Storing knowledge
3-Sharing knowledge
By accumulating and storing the staff’s knowledge, companies hold onto what has made them successful in the past. In addition, sharing this information throughout the organization informs staff of past approaches that improve performance or better inform new strategies.
To achieve the goal of knowledge management, companies have to enable and promote a culture of learning and development, creating an environment where employees are encouraged to share information to better the collective workforce.
Examples -
An employee’s knowledge and skillset grow as they spend time with an organization. As a result, staff typically retire with a wealth of expertise that the company needs to mine using efficient knowledge management processes in order to reduce disruption and prevent workforce knowledge gaps.
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