Introducing Peers Interaction Management System
The ability to use data and information as well as the skills, intuition, motivation, competency and commitment and ideas of others is what is known as knowledge. In the book Think and Grow Rich, Henry Ford was able to demonstrate, while being brought to trail on the subject of not being “book smart”, that it was best obtained through employing individuals who had knowledge as specialists if he needed them.
Knowledge management uses this principle as a foundation by requiring individuals to contribute those essential attributes to achieve results. Money, flexibility, people, competitive advantage, learning, power and leverage are all examples of knowledge in our current economy. The ability to know how to make decisions based upon data is more important than land, labor or capital and is the most unappreciated asset that often goes unnoticed and neglected.
When assets of an intellectual medium need to be analyzed in order to reveal the critical functions, unique sources or potential clogs that do not allow information to be used properly, knowledge management becomes a necessity. Intellectual assets can sit and become obsolete if they are not put to proper use in an organization, and providing flexibility while increasing value are strong points of this much needed tool.
Organizational learning, BPR (business process re-engineering), and total quality management are initiatives that have become an enhancement of knowledge management, in order to provide an urgent and new scope when sustaining a company’s position of competitiveness. These processes provide just the right give and take for a business to increase productivity and provide solutions for problem solving.
Application of this management is necessary when your customer’s needs are a top priority, and in addition to this already important focus, the ability for a company to operate when overhead and assets that are fixed are at a minimum. The empowerment of employees, shortening of product development time, enhancement of adaptation and flexibility as well as the delivery and innovation of products of a high quality are also vital.
Without providing a necessary focus on the way information is managed at work, by all teams and employees, the availability, creation, its use and quality would be wasted. When information is accumulated while under management, its transformation to documents, technology, books, practices and other important uses becomes an inevitable evolution for that company, helping to reach more customers and provide credibility for that company’s values.
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what’s the meaning of BENEFITS TO INDIVIDUALS in Knowledge management system context?
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Knowledge management presents many benefits for an organization. A few of the benefits of a KMS are listed below.
More efficient question/problem handling
Greater access to knowledge
Reduced training time
Better maintenance of organizational knowledge
Increased customer service levels
Reduced resource requirements
A Knowledge Management System provides users greater access to knowledge. Just as important is the user's ability to capture and share knowledge of their own. This leads to more efficient resolution of problems or questions, reduced training time for new employees, and better maintenance of organizational knowledge. All of which help increase customer service levels and reduce the need for additional resources to manage the growing support demands that face most organizations.
No, it is not needed. Companies survived for hundreds of years without it.
Try ibm.com for statistics.
Check out this:
http://www.issco.unige.ch/ewg95/node213.html
Never heard of it.
WEll i think its lessening the use of force.
I hang out here to help people with computer issues, and also for a good laugh. There are some funny answers here.
Hrmm.
Could it be used in this very format.
Such as public forums in which people convey responses to the general public for their questions,
Before attempting to address the question of knowledge management, it's probably appropriate to develop some perspective regarding this stuff called knowledge, which there seems to be such a desire to manage, really is. Consider this observation made by Neil Fleming
A collection of data is not information.
A collection of information is not knowledge.
A collection of knowledge is not wisdom.
A collection of wisdom is not truth.
The idea is that information, knowledge, and wisdom are more than simply collections. Rather, the whole represents more than the sum of its parts and has a synergy of its own.
in summary the following associations can reasonably be made:
Information relates to description, definition, or perspective (what, who, when, where).
Knowledge comprises strategy, practice, method, or approach (how).
Wisdom embodies principle, insight, moral, or archetype (why).
The value of Knowledge Management relates directly to the effectiveness with which the managed knowledge enables the members of the organization to deal with today's situations and effectively envision and create their future. Without on-demand access to managed knowledge, every situation is addressed based on what the individual or group brings to the situation with them. With on-demand access to managed knowledge, every situation is addressed with the sum total of everything anyone in the organization has ever learned about a situation of a similar nature. Which approach would you perceive would make a more effective organization?
There are some many variables involved.
Knowledge could provide consider cost saving as well as organisational adaptation and increase level of competence.
More in-depth understanding of underlying theory and research can be gained in published articles available in http://www.KMBook.com and http://www.KMNetwork.com.