Example Of Case Study On Managing Knowledge

Nowadays, knowledge has become a major resource that largely determines the competitiveness of companies. The intellectual resources should be valued, since knowledge is a leading factor for development. Thus, the current situation necessitates new approaches to managing organizations in terms of capturing knowledge in the workplace. Successful companies focus their efforts on a range of knowledge management systems in order to ensure effective performance.
Knowledge management is considered as a process that involves several steps associated with the formation of knowledge, their codification, distribution and use. Share of information tends to encourage people to collaborate by exchanging ideas. It is necessary to anticipate the development of a knowledge management strategy to conduct a comprehensive analysis of the level of knowledge at the workplace. By stimulating growth of knowledge, new and more powerful competitive advantage is likely to be created. Dissemination and sharing of knowledge within an organization facilitates the decision-making process. To ensure the exchange of knowledge and experience, corporate information resources should be used. A coherent knowledge management system encompasses both human and technological aspects. In this regard, it is worth noting that technology, infrastructure and organizational policies should correspond to the strategic goals of an organization and be aligned with those of the company's employees. It is crucial to evaluate the real effectiveness of knowledge management based on practical experience. Engaged employees tend to be determined to share knowledge not only due to the operational needs, but also the system of motivation.
Knowledge management is aimed at the methods of obtaining and transferring of valuable information in order to preserve knowledge assets. Any company benefits from knowledge management, largely because the increase of employee retention and better outcomes.