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Debt Management
Debt management. To be sure, the phrase has been in use for some time now and the Federal Trade Commission reports that there is a fast growing area of complaint involving the so-called Credit Management or Debt Management industry. But what is...
Software Risk Evaluation And Offshore Risk Management
A risk can be defined as a problem that could cause some loss or threaten the success of of project. The potential risk factors may have an adverse impact on the cost, schedule, or technical success of the project. Thus, risk management is the...
Stress Management for the Self Employed
Being self-employed, or freelancing, is a truly unique environment in which to work. Basically, you wake up every morning and “reinvent the wheel.” That means that you begin every day knowing that you’ll be required to provide your customers with...
Time Management Confrontation
Confronting the issues that hold us back is useful in managing time. We all have fears, doubts, failures, inconsistencies, illnesses, accidents, incidents, and so on. There is no way to escape these negative truths in life. Therefore, what...
Workflow Management Software: Businesses are Getting into the Flow
Ah, the ebb and flow of work. Sometimes it seems like there is much more ebbing than flowing with all of the workflow, the deadlines, the projects and presentations, but overall the tide seems to constantly be flowing in and out, in and out, in and...
 
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

 

About Management - business management - people management - and more
THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better.
management.about.com
 
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Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy.
www.shrm.org
 
FEMA | Federal Emergency Management Agency
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning.
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Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP.
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Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs.
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