Nowadays, successful organizations adopted the socio-technical systems information and knowledge management has become increasingly importance to businesses. Knowledge Management process continues to enable managers and employees with valuable understanding of their business environment and knowledge to make strategic business decisions.
This essay will explain data, information and knowledge as well as the socio-technical system, knowledge management, organizational knowledge and organizational learning. We will also discuss the relationship between organizational knowledge and organizational learning as well as the affect that knowledge management has on each of these concepts. However, in order to understand Knowledge Management, we must first identify and explain some of the key fundamental concepts.
Data, information and knowledge are important terms with distinct meanings that are central to the concept of Knowledge Management. Together they represent the transformation of unorganized facts to relevant associations and meaning to understanding.
Terminology and Definitions:Data – A group of unorganized facts taken out of context. No association or relation among data. (Bellinger, 2004).
Information – Organized and refined collection of data as a result of associations and meanings among the different pieces of data in the collection. Data put into context. (Bellinger, 2004).
The Business plan on Cash Flow Financial Information Business
The financial statements are suggested as the intermediate component between the reporting entity and report users in the reporting process. The major objective is argued as to provide useful information about the reporting entity'I 1/4 financial performance and financial position to a wide range of users. Thus they can make economic decisions as well as assess the stewardship of the entity'I 1/4 ...
Knowledge – The ability to understand information and realize its patterns and implications. “It is what we know and our process of comprehension in relation to specific information” (Wilson, 2002).
Knowledge Management – An increasingly debated term, Knowledge Management is generally the continual process of creating, disseminating, storing and utilizing knowledge. The product of this continual process is an organization’s knowledge. This knowledge is utilized for reuse, awareness and learning throughout an organization (Alavi, Maryam & Dorothy E. Leidner
(1999).
Organizational Knowledge – The knowledge an organization has accumulated and stored for utilization through the Knowledge Management process.
Organizational Learning – The ability of an organization to adapt accordingly to changes identified in an environment from experience and knowledge (Argote, L. (1999).
What is learned by an organization is committed to organizational memory or knowledge, which is continually updated.
Socio-technical System- Organizational structure realizing and identifying the interaction between social structures and technological systems.
Relationships between Organizational Knowledge and Organizational LearningThe relationship between organizational knowledge and organizational learning is one of interconnectivity. As we have already established, organizational knowledge is the produced knowledge that an organization has accumulated, disseminated and stored as a result of the knowledge management process. Organizational learning is the ability of an organization to learn from experience and knowledge in order to adapt and enable itself to increase efficiency, productivity and better decision making. These two things are very much connected to each other in what can be described as a looping process.
As organizational knowledge is created and maintained through the Knowledge Management process employees and managers utilize the organizational knowledge to increase their ability to be more productive, creates innovation and ultimately increase the organizations bottom line.
The Essay on Organizational Behavior and Management
In viewing the Manager’s Hot Seat: Working in Teams: Cross-Functional, I was able to distinguish the difference between the words team and teamwork. Team refers to a small group of people with complementary skills, who work together to achieve a shared purpose and hold themselves mutually accountable for performance results ( Schermerhorm,2011). In this video, yes there was team that consisted of ...
The data or information gleaned in an organization’s learning process, once understood, becomes knowledge and is essentially committed to organizational memory and therefore attributed to organizational knowledge and Knowledge Management.
The relationship between organizational knowledge and organizational learning is such that the actions and decisions made based on organizational knowledge result in situations of organizational learning in which what is derived from the learning experience eventually becomes new organizational knowledge. This is a continually evolving process that is detrimental to aiding in an organization’s decision making process, productivity, efficiency and competitive advantage.
AFFECT OF KNOWLEDGE MANAGEMENT ON ORGANIZATIONAL KNOWLEDGE AND ORGANIZATIONAL LEARNINGKnowledge Management is a process in which management utilize to the success of an organization. The process of Knowledge Management is what enables the possibility of organizational knowledge and learning for the entire organization down to the individual personnel. The proper use and appropriate Knowledge Management tools implemented will provide the most pertinent information and understanding to it employees.
Knowledge Management is a complex process utilized for success in socio-technical organizations that includes important components such as the generation of knowledge, embedding and representation of knowledge in company related tools and services, facilitation through social cultures and technical systems, transferring knowledge to all personnel and measuring the value of the knowledge. Knowledge and information are vital assets to organizations seeking to achieve the ultimate competitive advantages. These assets are continually refined and processed in a circular manner through the generation, accumulation, evaluation, improvement, sharing, protection and utilization of knowledge.
The quote by Anais Nin cited earlier was chosen for the fact that it illustrates that the possession of knowledge is not an end all solution. There is always more information out there to gather, learn, and understand through the Knowledge Management process. The quote indicates that there is always more to learn and know which implicates that this is a continual process like that of Knowledge Management. Nowadays, organizations use socio-technical systems to disseminate critical information and knowledge on a constant basis to its organization. Knowledge Management is critical to synchronize the organization in its mission, goals, and strategies to become
The Research paper on Knowledge Management Software Body Of Information
... KMS adds to our specific global organization. First let's talk about knowledge management (KM), and define what it is? ... information across the business-requires enormous organizational change. Only companies willing to remake their cultures around the value of sharing knowledge ... together KM means - the processes of finding, collecting and sharing information within an organization. This has taken the ...
a successful organization.
References
Levinson, M. ABC: An Introduction to Knowledge Management (KM): The basic guide to Knowledge Management (KM), Retrieved July 14, 2009 from: http://www.cio.com/article/40343/ABC_An_Introduction_to_Knowledge_Management_KM_Lewis, J.J. Knowledge Quotes From Wisdom Quotes: Quotations to inspire and challenge, Retrieved July 16, 2009 from: http://www.wisdomquotes.com/cat_knowledge.htmlRobertson, J. (2001).
Knowledge management project for Roads and Traffic Authority (RTA), Retrieved July 17, 2009 from: http://www.steptwo.com.au/papers/rta/index.htmlShein, E. (2001).
Case Study: Frito-Lay Sales Force Sells More Through Information Collaboration, Retrieved July 17, 2009 from: http://www.cio.com/article/30167/Case_Study_Frito_Lay_Sales_Force_Sells_More_Through_Information_Collaboration.
Wilson, T.D. The nonsense of ‘knowledge management’, Retrieved July 16, 2009 from: http://informationr.net/ir/8-1/paper144.html
