Lecture – 35 Data Mining and Knowledge Discovery Part II
Talent Management has started to leverage greatly on learning and knowledge management approaches to enhance the performance of talents. Many learning platforms are incorporating online learning or e-learning as delivery channels. This has greatly impacted how knowledge information is managed as well.
Learning Management System or LMS is software for delivering, tracking and managing training. A complete LMS or learning management system tracks both online learning and physical training attended by the learner. More dynamic systems are developed with the learner’s KPIs or Key Performance Indicators incorporated within. Linking directly to the learner’s KPIs would give the evaluator better gauge of the learner’s ability to apply what was learnt, thereby indicating the Learning ROI or Learning Return On Investment.
This ties in well with the measurement of expected learning outcomes. Companies who have the budget would leverage on the the LMS or learning management system to semi-automate the learning process and manage the efficiency of each training program.
Benefits of the LMS is that it tracks the learning progress of the learner, with reminders to complete select programs applicable to the learner’s work requirements and progression path. When used as a talent management tool, the linking of KPIs or key performance indicators to the learning outcomes are most crucial as it forms part of the overall evaluation or appraisal system of work performance.
Closely intertwined within the LMS learning management system is the hosting of online learning or e-learning programs. Online learning or E-learning is most effective for access of static information which the learner previews the background and foundation of the topic in discussion.
As discussed, the LMS is capable of tracking both online learning and physical training programs. Blended with both forms of learning, it greatly enhances the learning curve of the learner.
Despite issues comprising of external factors which could render the measurement of Learning ROI less accurate, there are schools of thoughts supporting this trend. Many companies with the budget do leverage their Talent Management performance evaluation process on online learning and measuring the Learning ROI.
Stay tuned for the next articles featuring Talent Management on Compensation and Succession Planning.
Watch the video related to Knowledge Management
Lecture Series on Database Management System by Dr. S. Srinath,IIIT Bangalore. For more details on NPTEL visit nptel.iitm.ac.in
Help answer the question about Knowledge Management
why is it hard to measure the impact of knowledge management?
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Yoshiko Choy has 17 years of business & marketing experience in Locals & MNCs, holds an Executive MBA, is a Platinum Ezine Author and an avid internet marketer. Read more at Talent Management categroy. And Learn the latest business & marketing management trends
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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
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.
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.
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?
No, it is not needed. Companies survived for hundreds of years without it.
Try ibm.com for statistics.
Data are mixed up.