StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Knowledge Management and information - Essay Example

Cite this document
Summary
In the twenty first century, knowledge and information have become the medium in which problems not only occur but are also solved. As a result, the management of this knowledge becomes of utmost importance as well as the fundamental opportunity for achieving substantial savings, improving employee performance, and gaining market share of the our industry…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Knowledge Management and information
Read Text Preview

Extract of sample "Knowledge Management and information"

Download file to see previous pages

In fact, as a medium sized organization currently employing 100 individuals, it is even more important that our company manage this knowledge exactly because we lack the market share and resources that large corporations have at their disposal. Therefore, at BioPack we need to be more responsive, more flexible, and make better decisions in order to sustain and grow in our industry. Managing knowledge will be primary in our quest to achieve these goals. So, we need to ask ourselves what exactly constitutes knowledge.

We must define this concept before we can start managing this information. According to Neil Fleming in his paper Coping with a Revolution: First, data is meaningless by itself, meaningless without some context that references it within space and time. The pieces of data may indeed represent information, yet we need to understand this data for it to be deemed informative. Moreover, the extent of understanding is based on the amount of associations discernable within the data collected. Thus, information is simply an understanding of the relationships between any collected set of data.

And while this information provides us with a basic understanding of relationships between data sets, it fails to provide us with either future predictions or an understanding of why the data appears the way it does. So, this data collection we now deem information fails to provide knowledge. However, when a pattern emerges within this information, knowledge is possible. Patterns, unlike collected data or information, are seldom static but rather self-contextualizing. And when patterns are properly understood, we can predict with reliability how that pattern will change over a period of time.

This is the embryonic stage of changing our information into a form of knowledge. When one attains a clear understanding of the underlying principles that make up these patterns that are the basis for knowledge, wisdom, or wise decisions within the workplace become possible. It is important to note that the sequence just mentioned-data-information-knowledge-wisdom does not occur in discrete stages of development. It does not take place locked up in one of our laboratories. It is ongoing, and at any given time we might be better or somewhat worse in our understanding of that data.

The quality of our understanding will be key in accomplishing our goal or mission statement: To create a workplace environment that encourages new ideas and new ways of solving problems in order to stimulate innovation and synergism in the creation of new products. To continually delight the customer with our quality, and to be a leader in biotechnology research. Still, all knowledge is not created equal. According to Michael Polanyi, one type of knowledge may be classified as explicit or formal knowledge, or that which can be articulated through language among individuals.

The other type is deemed tacit or informal knowledge, and is rooted in individual experience, personal belief, and individual values (The Tacit Dimension 10). As

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Knowledge Management and information Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1519295-knowledge-management-and-information
(Knowledge Management and Information Essay Example | Topics and Well Written Essays - 2750 Words)
https://studentshare.org/miscellaneous/1519295-knowledge-management-and-information.
“Knowledge Management and Information Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/miscellaneous/1519295-knowledge-management-and-information.
  • Cited: 0 times

CHECK THESE SAMPLES OF Knowledge Management and information

Analysis of Strategic Information Systems

  This paper discusses the strategies adopted for information management, Knowledge Management and information system management.... knowledge management is defined as making available in the right knowledge or information or company proprietary data to the right person when he needs it.... Anything above this or below this is not knowledge management.... Data is collected at all points which act as sources of data which is then converted into needed information during the data processing phase and this, in turn, is made available at an appropriate time when people managing the company needs it....
9 Pages (2250 words) Research Paper

Information and Knowledge Management

It is also clear that the current digital age is becoming a complete information based world and companies, as well as individuals, are required to have strong knowledge and information to be able to effectively participate in the current times.... Companies with good and well-developed knowledge management systems and accurate information management have proved to be more successful and effective.... This paper aims at discussing in detail the management of information in the digital age....
12 Pages (3000 words) Essay

Enterprise Resource Planning (ERP)

IUMS is web based software that is used for the effective management of the university management and administrative functions that are… The web based software offers real time Knowledge Management and information processing.... The web based software offers real time Knowledge Management and information processing.... IUMS is web based software that is used for the effective management of the university management and administrative functions that are mandatory for the effective handling of the challenges faced in running an academic institution....
2 Pages (500 words) Coursework

The Knowledge gained from experience and education

ReferencesHuttenegger Georg, 2009, Knowledge Management and information Technology: Goals/ Problems, practical Approaches, and Proposal Solution, GRIN VerlagLocke John, 2007, An Essay concerning Human understanding, T.... ll through my course work, I have learnt allot in the Human resources management; the role of human resources in competitive success, strategic human resource management and human resource planning, foundations of recruitment and selection and psychological perspectives of Human Resources Management, the foundations of performance management, managing compensation and rewards and the contemporary issues affecting human resources management....
2 Pages (500 words) Research Paper

Knowledge Management and Information Strategy

This paper examines how A review of literature on the factors that influence success and failure of knowledge management Systems (KMS) implementation projects is conducted.... Driven by pressures such as increased competition, need for innovation, need to improve quality of products and services and availability of new and effective information management tools, firms are… Numerous scholars have shown that knowledge is an important resource to firm as it contributes to successful organizational performance if well managed....
11 Pages (2750 words) Coursework

Knowlegde Management

Correspondingly, this paper intends to provide a brief explanation of knowledge and knowledge management highlighting the differentiation persisting between KM and information Management (IM).... Similarly, knowledge management (KM) can be determined as a significant aspect in relation to the creation and management of knowledge.... Knowledge is defined as the summarisation of facts, understanding capability and experience of an individual or a group of individuals, which is derived from information....
8 Pages (2000 words) Essay

Knowledge management

Differences between Knowledge Management and information Management From a practical view point, both Knowledge Management and information management involve the systematic use of both information and knowledge in achieving the goals of the organization.... Some of the most essential impacts on knowledge management are from organizational change and change management, organizational development with emphasis on… HR management refers to the system in the organization that prepares and implements decisions on personnel in securing effective and available knowledge management knowledge management Interdisciplinary Roots of knowledge management Organization science Organization science, historically, has focused on the processes of organizational change from several perspectives....
2 Pages (500 words) Essay

Query Enhancement and Query Advice

Additionally, there are certain disagreements of the theme discussed throughout the session in relation to knowledge management, knowledge management, and information retrieval.... The paper "Query Enhancement and Query Advice" contains concerns regarding the authenticity of the information transmitted through social media.... It is the logical understanding of the common individual that would enable them to pick the correct information without any biases....
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us