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Challenges
Presented By,
MBA( Finance )
Knowledge Management
Knowledge is the ability to respond to a body of facts and
principles accumulated over a period of time.
Data Information knowledge
Human
Data Information
Interpretation
Human
Information Knowledge
Use
Transforming through
EXPERTISE
personal application, values and
beliefs
KNOWLEDGE Adding meaning
understanding, relevance
INFORMATION and purpose
DATA
KM Objectives
Facilitate smooth transaction from those retiring to their successors
who are recruited to fill their positions.
Minimise loss of corporate memory due to attrition and retirement
1. Acquiring Knowledge:
Acquisition of knowledge in a collaboration
environment uses elements adopted from Arthur Andersen
and APQC (1996), which involve sequential steps that
should be taken in order to make sure that the knowledge
could be acquired from the right people, time and place.
It is suggested as follows:
a. Identify Knowledge (Determine sources and type of
knowledge)
c. Adapt Knowledge (Categorize the knowledge)
d. Organize Knowledge (Prepare and map
knowledge into the specific requirements.)
e. Store Knowledge (Keep and index the knowledge
dynamically)
TOOLS AND
MEASUREMENT
METHODS
KNOWLEDGE
MANAGEMENT
FRAMEWORK
ORGANIZATION AND
KNOWLEDGE MANAGEMENT
CONTENT
CONCEPTS
Concepts
an integrated set of constructs for understanding knowledge
and its management in organizations
Development and change
migration and co-existence of knowledge frameworks,
processes, tools, and behavior
Organization and management
integration and institutionalization of formal, informal and
knowledge processing structures; knowledge management
roles; organizational institutions, including incentive structures,
knowledge sharing policies, and culture
Content
characteristics and typologies of the products of knowledge
processes
Measurement
valuation of knowledge content, capabilities, and potential
opportunities for their utilization; measuring knowledge
processes, and locating areas of improvement
Tools and methods
methodologies, organizationally tailored “communication
packages,” information systems Table 13. Interpretation of the
framework dimensions.
KM TRENDS
PHASES OF KNOWLEDGE MANAGEMENT TREND STUDY
Work on the trend study commenced with the development of
its underlying method and design in 2012.
In a second step, the knowledge management practices were
selected.
More than 120 knowledge management practices were collected
from literature, synonyms were summarised, put into categories
and condensed to 32 KM practices.
Additional trends not noticed in literature resulted from the
pre-tests in step three.
The study was performed in April and May 2013.
More than 40 completed questionnaires were evaluated.
Classification of knowledge management
practices
EARLY BIRD
These practices are relatively new and are still being tested.
They are particularly interesting for further development of knowledge
management and therefore also interesting for research.
GIVE IT A TRY
These approaches have been used in practice for a while but
lead a niche life. The practices are preferably interesting for
organisations with established knowledge management.
PROVED IN PRACTICE
These are knowledge management practices that are currently
becoming established in practice or that have already become
established.
HIDDEN CHAMPIONS
These practices are already recognized in some areas but are
Many knowledge management methods known by name have
already reached practical use (“Proved in Practice”).
In this category, the practitioners agree about wide distribution
specifically in regard of work inspections, search engines,
groupware systems, best practices, forums, business intelligence
and content management systems.
Practices that are (partially) still waiting for widespread
introduction (“Give it a Try”) are expected to reach the plateau of
productivity within two to five years.
This includes the methods of knowledge transfer, knowledge
manager, Wiki, knowledge map, self-explanatory folder
structure, e-learning, storytelling.
Knowledge Management
Challenges
Security.
Providing the right level of security for knowledge management is key.
Sensitive information should be shielded from most users, while allowing easy access
to those with the proper credentials.
Getting people motivated.
Overcoming organizational culture challenges and developing a culture that
embraces learning, sharing, changing, improving can’t be done with technology. There
is no use in launching a tool if there is no drive to share the knowledge.
Keeping up with technology.
Determining how knowledge should be dispensed and transferring it quickly
and effectively is a huge challenge. Constantly changing structures mean learning how
to be smart, quick, agile and responsive – all things a KM tool must be able to
accomplish.
Measuring knowledge.
Knowledge is not something that can be easily quantified, and is far more
complex because it is derived out of human relationships and experience. The focus
should be on shared purpose rather than results or efforts.
Keeping data accurate.
Valuable data generated by a group within an organization may need to be
validated before being harvested and distributed. Keeping information current by
eliminating wrong or old ideas is a constant battle.
Interpreting data effectively.
Information derived by one group may need to be mapped or standardized in
order to be meaningful to someone else in the organization.
Making sure information is relevant.
Data must support and truly answer questions being asked by the user, and
requires the appropriate meta-data to be able to find and reference. Data relevancy
means avoiding overloading users with unnecessary data.
Determining where in the organization KM should reside.
Does KM fall under HR, IT, communications? This decision will
determine what drives your knowledge sharing initiative and who will
be responsible for maintaining the community.
Rewarding active users.
Recognizing the users who actively participate and contribute to a
knowledge database will not only encourage them to continue
contributing, but will also encourage other users to join.
Overcoming shared leadership.
KM tools allow others to emerge as voices of power within an
organization. Workers are given a “voice”, which can sometimes cause
internal conflict.
The Future of Knowledge Management
The rapid evolution of our intensely connected global economy
means developing knowledge capabilities is a business
imperative. The pioneers of knowledge management developed
valuable tools and approaches.
Here are five key frames for leveraging knowledge in
organisations that are emerging as the successors to knowledge
management, and that executives find relevant, compelling, and
actionable.
Social networks.
Social network analysis is being applied by many leading companies
around the world to gain insights into this “invisible organisation,” and to design
interventions that enhance the productivity and effectiveness of knowledge
work.
Collaboration.
Collaboration tools such as video conferencing and web conferencing are
becoming standard. Now companies are working as a top priority on
developing the skills and culture that enable high-value collaboration
Relevance.
In a world of massive information overload, we want to see only
information that is highly relevant to our work and interests. The future lies in
finding relevance for individuals from vast oceans of information.
Workflow.
Knowledge work literally flows through an organisation. The next decade will see
companies shifting their business processes to platforms that enable smooth and efficient
workflow. The emerging discipline of “workflow learning” integrates access to every type
of learning-whether it is information, elearning modules, or human experts-into the
everyday flow of work, so these are available as and when they are needed.
Knowledge-based relationships.
An increasing proportion of business value resides in trusting, knowledge-based
relationships, that allow companies to create value with clients, suppliers, and alliance
partners in ways they could not do otherwise. Organisations are realising that outsourcing
and offshoring only work if there are effective flows of knowledge between companies.
Professional firms are finding not only that clients are increasingly demanding knowledge
transfer, but also that engaging in knowledge-based relationships increases customer
loyalty and profitability. Relationships are the future of society and business, and rich
knowledge exchange will be at their heart.
CONCLUSION
There are researches being carried out in knowledge
management specifically on knowledge transfer within
organisations, and the possibility of cross-cultural knowledge
transfer or transfer of knowledge across country boundaries
between organisations in similar industries.
Knowledge, learning and sharing come from people and their
relationships with one another, not necessarily from the tools,
databases and technological aids used.
However, with the proper technology in place you can facilitate
better communication and overcome these challenges to have
an up-to-date, secure and organized knowledge base.