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Basic Ingredients of Small Business Management
Article Title: Basic Ingredients of Small Business Management Author: Stephan Szugat Word Count: 991 Article URL: http://www.abenetis.com/encyclopedia.html Format: 65 Characters per Line ------------------ ARTICLE START ------------------ Basic...
Connecting the lease enterprise through lease management software
Information Technology has improved the leasing process, parts
at a time. Every company has evolved some manner of maintaining
customer information. Accounting software has kept the back-end
humming. The sales force has devised methods for...
Corporate Travel Management
"Corporate Travel Management Post 9/11 When terrorists shook
America and the world with the September 11 attacks of 2001,
they didn't just hit the travel industry hard but also changed
the way corporate travel management functioned. Post...
Management Coaching vs. Performance Appraisals
The question often comes up, “Isn’t management coaching a lot like the familiar performance appraisal process?” Our answer is that the two are dramatically different. The CMOE team originally became interested in the coaching process because of our...
Time Management in Action
It takes action on all our parts in order to achieve any goal we
set. Time management is a critical element in obtaining any
goal. If you do not have an action plan set up in your time
management scheme, you are on the road path to meeting...
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Strategic Knowledge Management - The Key to Sustainable Performancel
Leading organizations in the global economy understand that in order for them to stay competitive, they must efficiently and effectively create, capture, and share their organization's knowledge and expertise within their organization. The practice of leveraging and development of organizational knowledge is better known as strategic knowledge management.
Strategic knowledge management is about creating an innovative culture supported by collaborative technologies to secure competitive advantage, sustainable performance and enhance productivity by leveraging on knowledge. Many organizations today have put in place channels such as quality systems, process simplification, technology infrastructure, restructuring and reorganization, and product and technical training with the hope to increase performance. These channels will only succeed to achieve its goals and targets if strategic knowledge management is put in place as the way of life within an organization. Ultimately, improved revenue, cash flow and profitability are achieved through strategic knowledge management.
Strategic knowledge management provides a systematic and structured approach for organizations to encourage ideas generation, effectively share best practices, avoid repeated mistakes, learn from past performance, secure higher knowledge retention and creating innovative business solutions to meet the ever changing demands of the market.
For strategic
knowledge management to work, it will require self-directed and self-motivated k- professionals. Organizations can no longer achieve sustainable performance by continuously providing external motivation to enhance performance. Leading organizations must provide a strategic platform for their human capital to excel and compete by developing them to be k-professionals.
K-professionals are open-minded performance-oriented professionals that have the passion to develop the 8 most innovative skills to progress to the next level of excellence in the K-economy. The 8 most innovative skills of a k-professional are strategic thinking, knowledge responsibility, performance-directed learning, contributing in innovative teams, professional discipline, self-driven innovation habits, solution focus mindset and personal knowledge creation.
Creating competitive advantage today requires strategic knowledge management and k- professionals. Leading-edge enterprises consider their knowledge and human capital to be strategic assets and actively and explicitly manage it as such to increase business value.
About the Author
JT Frank the publisher of this article, can be reached at jtfpg@tm.net.my or +604-6593859, offers training and consulting services in the areas of Knowledge Management. INVEST your organisation's Knowledge Capital Creation BUDGET with one of ASIA's pioneering Knowledge Management Specialists - JT Frank Management Centre
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