Strategic Importance of Knowledge Management Essay -- Philosophy Knowl

strategic Importance of companionship Management today the world has more and more of free flow of information leadership to transfer of noesis from a person or an organization to others. Whereas this eer leads to faster development, it also impacts the competitive advantage held by the innovators of processes or technology. It has then become strategically important for one and all in byplay to understand the fellowship, processes and controls to effectively manage thesystem of sharing and transferring the information in the most beneficial fashion.This paper dwells upon definition, types, scope, technology and modeling of experience and intimacy Management date examining its strategic importance for retaining the competitive advantage by the organizations. What is knowledge?Plato first assignd the concept of knowledge as reassert true belief in his Meno, Phaedo and Theaetetus. Although not very accurate in terms of logic, this definition has been predominant in Western philosophy ( noneaka and Takeuchi, 1995). Davenport et al. (1998) define knowledge as information combined with experience, context, interpretation and reflection.The terms knowledge and information atomic number 18 often used inter-changeably in the literature and exercise except a distinction is helpful. The chain of knowledge flow is data-information-knowledge. development is data to which meaning has been added by being categorized, classified, corrected, and condensed. Information and experience, key components of definitions of knowledge, are put into categories through the process of labeling with abstract symbols. This allows the process of synthesis to pop off more efficiently than when dealing with masses of individual bits of information. Information coded into symbols to confine it knowledge may be stored both inside and outside the individuals. Thus, knowledge may be stored within a person in his genius or outside the person in books, manuscripts, pictures, and audio and videotapes or discs. However, while only the individual himself may retrieve knowledge stored within his mind, knowledge stored outside can be retrieved by anybody familiar with the storage systems.In organizations, knowledge is often embedded not only in documents and presentations but also in organizational routines, processes, practices, and norms, and through person-to-person cont... ...ress, New York, NY.Schultze, U. and Boland Jr, R.J. (2000), cognition management technology and the reproduction of knowledge work practices, Journal of Strategic Information Systems, Vol. 9, pp. 193-212.Stoner J.A.F., Freeman R. E. and Gilbert D.R. (2004) Management, Pearson Education, U.K.Swan, J. and Newell, S. (2000), Linking knowledge management and figure, in Hansen, H.R., Tissen, R., Andriessen, D. and Depres, F.L. (2000), The Knowledge Dividend, Financial Times and Prentice Hall, London.Van Buren, M. (1999), A yardstick for knowledge management, Training and Development Journa l, Vol. 53 No. 5, pp. 71-8.Wagner, E. (2000), Communities of practice the structure of knowledge stewarding, in Despres, C. and Chauvel, D. (Eds), The Present and the Promise of Knowledge Management, Butterworth-Heinemann, Boston, MA, pp. 205-24.Wheelen T.L. and Hunger J.D. (2004) Strategic Management and Business Policy, Pearson Education, U.K.Winter, S.G. (1987), Knowledge and competence as strategic assets, in Teece, D.J. (Ed.), The Competitive Challenge Strategies For Individual Innovation and Renewal, Ballinger, Cambridge, MA, pp. 159-84.