EASYUNI Ultimate University Guide 2013 Issue 6 - Page 20

CO U R S E S & C A REERS Knowledge Management? What’s That? KM is essential to the success of a company for many reasons, including: • Providing the groundwork for a smooth transition from prospective retirees to new employees; • Minimising loss of corporate memory due to attrition and retirement; • Identifying critical resources and areas of knowledge; • Constructing methods to be used with individuals, groups, and the organisation itself. Most executives will say that their greatest asset is the knowledge held by their employees, with their first-hand experience and organisation skills – but they don’t know how to manage this knowledge at times! Knowledge management (KM) is the systematic management of an organisation’s knowledge properties in order to establish a company’s values and meet company standards. This includes creative processes, strategies, and classifications to better develop the creation of knowledge. KM, therefore, is strongly associated with organisational objectives and tactics, and proves to be quite useful and significant. The concept of KM that comes to mind includes but is not limited to: business administration, information systems, management, and library information sciences. This entails developing a culture that harnesses employees’ knowledge and experiences, making knowledge accessible by building knowledge and gathering and distributing information to internal and external stakeholders. KM is about supervising the knowledge within an establishment. On a deeper level, however, it’s a method of allocating, apprehending, and efficiently using knowledge to better an industry. It’s a practice of self-control that stimulates an assimilated approach to classifying, seizing, assessing, collecting, and sharing a business’s resources: a highly organisational and methodical process. Nature of the Work There are many ways to encourage the sharing of knowledge throughout an organisation’s business, such as distributing information among peers, integrating the distributed knowledge and information systems, and remodelling the migration among information systems in the organisation to promote assimilation across the structure: • Improve environments to help ideas flourish and increase productivity. • Arrange assistance (e.g., workshops) or individual guidan