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Change Management: Getting It Right
Change management is something many companies may face
throughout their existence. Whether something simple or a
complete change, various things can be done to allow for a
successful change. Management of the change effectively will
allow for...
Contract Management Software: the Solution to the Problem of Coordination
Charles Petrie, from Stanford, released a short article entitled “The Problem of Coordination,” which highlights 4 categories in which businesses find it difficult to connect: Interoperability Agent Communication Semantic Unification Coordination...
Effective Data Management
Mining data is one of the keys to running an effective business.
Here's a primer on effectively managing your business data to
maximize the efficiency of your business.
Effective data management plays an essential role for any
growing...
Time Management, Avoiding Negative
Life is a bummer and then we pay the ultimate price. Times are
always changing making it difficult for us to keep up with the
advancements in our lives. If we are thinking positive most
times good, fortunes come our way, but if we are...
Two Most Important Time Management Questions
Have you ever found yourself thinking about work when you were supposed to be enjoying time with your family… or thinking about your plans for the evening during your work day? Nearly every day, I hear someone tell me they wished there were more...
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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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