HR Management Information & Reference

knowledge management is a theoretical account inside an organization views all its know-hows as knowledge processes. In that view, all business organization processes involve producing, distributing, regenerating, and implementing knowledge toward organizational containment and survival of the fittest. In principle, it means that knowledge management focuses on ‘doing the right thing’ instead of ‘doing things right’. The fundamental assumption is that ‘best practices’ of yesterday might not be assumed as ‘best practices’ of today or tomorrow. Therefore, double loop learning, unlearning and relearning processes need to be designed into the organizational business processes knowledge management is essential for companies as what functioned yesterday may or may not function tomorrow. Continue Reading »

As the saying goes, “Knowledge is king”. This couldn’t be more true today’s fast moving business climate. knowledge management is a key component in the information age for businesses to evaluate their Intellectual Capital and apply it properly innovate and compete with competitors.

What is knowledge management?

knowledge management is the process that companies use to measure the value of intellectual worth of each employee in the company. In addition, it is a process that is used to evaluate and track key metrics related to intellectual assets the organization can use to create better services, products, and value to the shareholders of the corporation.

The tools used to manage information and knowledge vary between organizations, but more and more organizations are hiring knowledge managers to manage the process for the business stakeholders. These managers leverage knowledge management systems that track, store, and index these information assets for reference by business managers and employees. A simple example of this is perhaps a business manager is looking for a specific product development skill set. This manager may refer to the knowledge management system and research what employees might be a good fit or those that have worked on similar products. This allows companies to leverage internal resources quickly and helps spur the innovation and product development by finding the right resources, with the right skill for the job at hand.

How does knowledge management benefit new employees? Continue Reading »