Knowledge Management

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KNOWLEDGE MANAGEMENT

Abstract

There is the tendency to consider Knowledge Management as yet another buzz-word. It is gaining substantial interest in many differing circles. In order to move away from a buzz-word approach (i.e. “it’s just a different name for something we do already”) it’s important to define what exactly we mean by Knowledge Management, how it is different to Information Management, and suggest some practical approaches to managing the processes and assets of a Knowledge organisation. This paper follows the line of argument through a definition of KM, the reasons it is needed and some ways to approach the task.

The What and Why of KM

In order to propose a method of Knowledge Management it is important to define what we are considering Knowledge Management to be and outline its importance as we enter the 21st Century.

What is it?

Knowledge :~ ‘1.the facts, feelings or experiences known by a person or group of people 3.awareness, consciousness, or familiarity gained by experience or learning 5.specific information about a subject’.

Management :~‘4. the skillful or resourceful use of materials, time etc.

Management has unfrotunate connotations with firm control. It is more healthy to take the wider view of skillful or resourceful use of knowledge by all the organisations’ stakeholders. Knowledge Management is therefore about stakeholders using the organisations’ experiences and learning. The experiences of an organsiation and the facts that it, as a corporate body, learns can be related to products, tools, processes, customer needs, future innovations...the list goes on. So, I propose Knowledge Management as ‘an organisation creating, maintaining and using it’s previous experience to inform it’s future behaviour’.

From this perspective there is no distinction between Organisational Memory and Knowledge Management. The distinction has probably arisen due to a duality in KM research between the processes of eliciting and using knowledge and the assets which refers to the knowledge itself (Wiig, 1996). Work on managing knowledge assets has tended to be associated with computerised tools. The framework presented here acknowledges the importance of computer-based tools to support both the processes and assets of KM. But the framework gives equal weighting to both human and computational issues. It is thereby possible to establish a learning organisation based on exploiting technology to enable its’ people to become responsive in action.

The Business Case for KM

In the age of the global marketplace business values are changing. Twiss and Goodridge (1989) highlight the importance now placed on product performance rather than price as the main criteria of success. Young (????) provides the following model (Fig. 1) of business values.

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At every level there is a fundamental importance attached to knowledge. Customers are only delighted when everyone they talk to is “in the know”. Products are only extraordinary if design, manufacturing, quality and marketing and service support (etc.) share the same ideas about them. Processes are only successfully implemented if people understand the processes themselves as well as the products which they operate on. People only achieve competence through learning and understanding which are both implicitly founded on knowledge creation and sharing.

So for organisations into the 21st Century a key value additive will be the ...

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