Knowledge Management for Industrial Growth
Knowledge is defined as the information and skills acquired by a person through experience or education. Management is directing or controlling a group of one or more people for coordinating a group towards accomplishing a goal.
Knowledge Management is the ability to manage tasks collectively for the growth of an organizational performance. It deals with things like
• Information
• Knowledge
• Wisdom
Collection of topics is data. Collection of data is the information and gathering information is knowledge.
Dr. Jay Edwin Gillette, in his essay provides that knowledge management has nothing to do with technology. It is a management issue and is well practiced only if one has the information about what he is doing and how the things are done in that field.
Know your organization: Know the hidden knowledge within an organization so that it can be used productively. Knowledge management aims at “capturing” information that can be integrated into organizational practices. Identify the areas which need some improvement.
Access to information and knowledge: Once identified, knowledge must be made available to those who can benefit from it. Giving technological information to a doctor will not help him in his surgery.
Exchange Ideas: Sometimes knowledge can only be transferred through direct exchange between individuals. Sharing knowledge leads to new ideas which make miracles.
Link knowledge and business: To enhance organizational performance, knowledge must be linked to the organization’s business process. There is a need to demonstrate the value of knowledge to the organization, particularly through quantitative measures.
Active cultivation of knowledge: Without some form of intervention, it is assumed that a large portion of the knowledge within an organization is underutilized and not developed to its full potential.
Corporate Intelligence with Research & Development: In an organization, there are also several areas especially devoted to gather useful knowledge, such as technology research centers, intelligence gathering operations, corporate research and training facilities, and libraries. Making use of the available resources in a productive way is knowledge management.
Conclusion: As Dr. Gillette explains how a judge makes use of his wisdom to make a judgment in a court trail, an industrialist should use their wisdom to make the right judgment at right time. It is not just the superiors who has to take steps to improve the position of the company but also the peers and the subordinates should come forward to take the responsibilities.
References
Gillette, J. E. (2002). A practical framework for understanding KM. In R.F. Bellaver & J.M. Lusa, (Eds.), (2002). Knowledge management strategy and technology. New York: Argent.
Mandadi, V.G. (2007) Influence of leadership on technology. Retrieved June 20, 2007, from Leadership for the information Renaissance Competitive Intelligence and the strategic uses of information web logs.
Accenture. (1996) Information management: Right information at right time. Retrieved June 21, 2007 from Accenture Information Management Services Web site: http://www.accenture.com/Landing_Pages/By_Subject/Information_Management/IMRightTime.htm?c=ad_07grustecpsgs_0607&n=Knowledge_Management_sL05Knowledge_Management_knowledge_management