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Knowledge management (KM) is the set of procedures for producing, disseminating, utilizing, and overseeing an organization's knowledge and data.It alludes to a multidisciplinary strategy that maximizes knowledge utilization to accomplish organizational goals.
Nowadays ability to simulate rich, interactive, face-to-face knowledge is the key factory to use knowledge management as a part of decision making in B2B business. Bias influenced according to the veil of ignorance of decision making, for one to make a sound choice they have to separate themselves from what they know so as not to be biased.
SECI model of knowledge dimensions. Assuming that knowledge is created through the interaction between tacit and explicit knowledge, four different modes of knowledge conversion can be postulated: from tacit knowledge to tacit knowledge (socialization), from tacit knowledge to explicit knowledge (externalization), from explicit knowledge to explicit knowledge (combination), and from explicit ...
Personalization strategy focuses instead on transferring, communicating and exchanging knowledge by utilising information technology. From the elements of the business strategy and knowledge management strategy can be formulate four different combinations. However, Greiner et al. (2007) suggest that if business strategy focuses on innovation ...
Snowden, then of IBM Global Services, began work on a Cynefin model in 1999 to help manage intellectual capital within the company. [3] [b] [c] He continued developing it as European director of IBM's Institute of Knowledge Management, [15] and later as founder and director of the IBM Cynefin Centre for Organizational Complexity, established in 2002. [16]
A knowledge value chain is a sequence of intellectual tasks by which knowledge workers build their employer's unique competitive advantage [1] and/or social and environmental benefit. As an example, the components of a research and development project form a knowledge value chain.
The strategic role of the intellectual assets is therefore constantly growing and organizations are looking for more effective intellectual capital management practices. Because of importance of intellectual capital , nowadays we are talking about knowledge workers who are constantly modifying, utilizing and creating new knowledge to add value ...
The knowledge-based theory of the firm, or knowledge-based view (KBV), considers knowledge as an essentially important, scarce, and valuable resource in a firm. [1] [2] According to the knowledge-based theory of the firm, the possession of knowledge-based resources, known as intellectual capital, is essential in dynamic business environments. [3]