A discussion of the crucial role of knowledge management in the organization.
Written in 2009; 1,104 words; 17 sources; APA; $ 38.95
Paper Summary:
The paper discusses how knowledge is the catalyst by which organizations learn over time how to increase their performance and attain higher levels of efficiency, leading to greater profitability. The paper further discusses how an organization's transformation of knowledge into intellectual capital (IC) is a crucial factor in the long-term viability of the organization's financial health. The paper also details how knowledge acquires value in organizations and how it transforms strategic planning.
Outline:
Introduction
How Knowledge Acquires Value in Organizations
How Knowledge Transforms Strategic Planning
From the Paper:
"The development of organizational knowledge is an accumulative process that is heavily dependent on the culture of an organization, the clarity of its processes, systems and role integration to support strategic plans and objectives. The ability of an organization to transform its culture to support the creation of knowledge as the competitive differentiator versus competing on pricing for goods and services often attains higher profitability in the long-term (Song, 2008). This dynamic is due to knowledge becoming the competitive advantage in terms of the R&D, product development (Ngai, Jin, Liang, 2008), manufacturing processes (Paiva, Roth, Fensterseifer, 2008) and the propensity to significantly increase innovation in industries that rely on intensive knowledge creating and collaboration (Bjornson, Dingsoyr, 2008), (Liu, Liu, 2008)."
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