Jerry Michalski’s Brain
Impact of Knowledge Management in HR practices
Introduction
In recent years, Knowledge Management has emerged as one of the prime concerns of human resource Management (HRM) system. Before understanding the concept of Knowledge Management, We define knowledge, which is known as information, enrichment, practical skill, acquaintance, etc. In Knowledge Management point to view, knowledge may be defined as actionable wisdom that results facts, information and techniques in a particular field. In HRM context, Knowledge Management is creation, distribution and utilization of knowledge at the individual group and Organizational level for the benefits of people improved and affected by it. This paper express Emerging trends in Knowledge Management faced by HR area.
Knowledge Management:-
Knowledge Management is a system by which business strategies is excused and create results. In Knowledge Management there are three basic elements:
i) Knowledge creation
ii) Knowledge sharing and
iii) Knowledge utilization
Why Knowledge Management is important?
- Limitation of Existing initiatives
- Value of knowledge
- Minimize effort Duplication
- Sharing of Best Practices
- Enhanced Innovation
Need for Knowledge Management
- To generate information for production increases reduction of cost of expenditure, maximizing profit through knowledgeable worker or minds of workers.
- To improve the natural and human resources through innovative method to reach.
- To save the Organization from critical capabilities
- To develop the right source at right timely relevant knowledge
- To focus the higher quality production and resource allocation
- To ensure their survival through creation, acquire, maintain, retain and process the new ideas and innovation
- To share strong cultural behaviours for achieve goals
The Top Five Strategies for innovative HR practices
- 1. Provide Job Challenges.
- 2. Provide an open environment and culture.
- 3. Give a competitive compensation.
- 4. Clarity of job responsibilities career paths.
5. Continuous training and skill up gradation.
Knowledge Management process or steps in Knowledge Management
- Identifying the skill and its developments
2. Set human capital management
3. Human capital approaches
4. Responsive ability (rapid align the competencies)
5. Creating a knowing enterprise (applied learning Organization)
6. Recognition
Knowledge Management Programme implementation:-
Knowledge Management is a continuous process. A Knowledge Management programme has the following elements:-
- Define Knowledge Management strategy => includes why to share knowledge, what to
share, with whom to share, how to share.
- Organizing Knowledge Management programme=>includes providing budget for knowledge sharing, providing budget for knowledge sharing, choose technology for knowledge sharing, communicating the value of knowledge sharing, adopting methods of knowledge sharing and measuring performance.
- Reinforcement for Knowledge Management => includes Introducing New incentives and Providing support for knowledge sharing
- Create a culture that stimulates knowledge sharing and learning
- Ensure that the used needs types of knowledge and system to transfers the knowledge
- Knowledge sharing is useful for support Knowledge Management programme
- To motivated to be willing to travel and share knowledge with others
- Experts must available and help teams to solve tough and unusual problem
- Different sharing system for different group of employees
- There should be integration of knowledge and organizational practices
Making an effective Knowledge Management
Role of executives in Knowledge Management
1 Establishing the need for a Knowledge Management initiative
2 Ensuring a solid business case
3 Steering for tangible measures
4 Creating a frame work for Technology support
5 Cultivating a knowledge sharing culture and
6 Becoming the face of an internal communications strategy
Conclusion:-
In our minds this is all about creating capacity in the management to get the business goals, which we could not hit without some new way of thinking & innovation. Hence, the Knowledge Management is nothing but focus on information, form a team for utilizing individual knowledge into structural knowledge, make quick decisions, develop the intellectual capital etc., A HRM manager identify the strategy to find out human intellectuate which is possible through 3 phases. i.e. (i) Preparation phase (ii) Acceptance phase (iii) Commitment phase, it is nothing but identify the experts & develop their intellectual, for achieving the Organizational goal.
Information+ Experience+ insights + judgment = “KNOWLEDGE”
“What is greater than knowledge?”
“A heart that can se and care”, whispered the soul.
References:-
(i) Human resource Management (HRD system) by L.M.Prasad
(ii) Knowledge Management by Sudhir Warier
(iii) Management of change and Organization development by – S.K.Bhatia
(Knowledge organization)
(iv) The Executive roles in Knowledge Management by Carla O’ Dell
Watch the video related to Knowledge Management
A brief tour of an 80000+ PersonalBrain file! … Brain PersonalBrain Knowledge Management
Help answer the question about Knowledge Management
What is the concept of knowledge management?
About Author
Submitter’s (Author) detail
Name : Mr.S.Sundararajan
Designation : Faculty of Management Studies & Research Scholars
Institution : Periyar Institute of Management Studies (PRIMS)
Address : PRIMS, Periyar University, Salem – 11. Tamilnadu.
Pin: 636 011.
Tel.No (Office) : 0427-2345766 Extn.237
Mobile No : 093671 53253
E-mail : rajanmba2003@yahoo.co.in / mahaphd2007@gmail.com
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Someone needs to spend time with the assigned reading homework.
Use your mind. Think. Push those gray cells to communicate and share their thoughts with each other to form new ones. Or choose to be mediocre; the latter course will put you in a very large group.
Ask your tutor for help. I am sure they would prefer it if you went to them because you do not understand rather than not attempt it at all.
Sorry it is way above me, but good luck
No, it is not needed. Companies survived for hundreds of years without it.
Try ibm.com for statistics.
Data are mixed up.
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's some really good articles on management at http://management.hammocksurvivalguide.com/
I don't know if it will solve your issues but there's some good stuff there.
It is an interesting speciality, sort of a cross between a business degree and a library degree. The upside is that it will prepare you very specifically for a certain niche in an organizational hierarchy. The downside is that it might not give you enough big-picture training to move up that hierarchy. But like most undergraduates degrees what you do with it depends mostly on you, not on the degree.
Good luck.