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How To Use Outsourcing To Beat Your Competition
Outsourcing is when you hire outside professionals or services to take on part of your business workload.You may want to outsource part of your work because you don't have the room, you need an expert, you have periodic busy periods, or you need...
JAZZ UP YOUR OFFICE FOR SUCCESS. Ten Tips To A Comfortable And Effective Work Space
JAZZ UP YOUR OFFICE FOR SUCCESS How To Create A Comfortable And Effective Work Space One benefit of organization is increased productivity. When you are more organized, you use your time more wisely, so you have more time and energy to do what you...
Preparing to be an Entrepreneur
I believe the free market economy and the wealth of a community is built on the back of the entrepreneur Taking the entrepreneurial business path can be exciting, exhilarating, and an emotional roller coaster of ups and downs. There are a number of...
The Art of Employee Motivation
If you think that your employees’ poor performance on their designated jobs is costing you a whole lot of loss profits, then instead of just doing a total overhaul of your employee roster, why not try to do some employee motivation tactics to get...
Thoughtleading: The Art of Separating Yourself from the Pack
Lately the age-old business dilemma of how to stand out from the crowd has been haunting companies and professional service firms more than ever before. All too many firms nowadays look too much alike, with marketing strategies seemingly unable...
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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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