Knowledge Management Essay Example | Topics and Well Written Essays - 2000 words

Knowledge vigilance - Essay ExampleEven though this model has an obvious practical approach, it combines altogether principles, systems processes, values and attitudes (Moraga 3). Thus, the Pedlers model of organizational learning can confuse those managers who will try to apply this model in their companies (Moraga 3). A nonher critical issue of the Pedlers model was his failure to propose a practical textile to sick the changes of the structures on accounting, control, and information systems into practice (Moraga 6).According to Tiwana, knowledge management plays a critical exercise in both operational and strategic planning, because knowledge is a driver of organizational outline and strategy is a driver of knowledge management (cited by Alstete & Halpern n.p.). Consequently, even the well-developed knowledge management systems will not be successful until there will exist a clear link with the bank line strategy (Alstene & Halpern, n.p.). Also, there exists a tight relati onship between KM and organizational writ of execution, including employee performance, business performance, market performance and intellectual capital (Vidovi 6). Thus, it can be concluded that KM strategy can be reflected at the various levels of strategy, for instance improved communication and employee skills, heighten collaboration and better decision making, etc. (employee performance) change magnitude profits, reduced costs, change magnitude share price (organizational performance) faster response to key business issues, improved business processes, creation of new business opportunity (business performance) increased market size and share, better customer handling, enhanced product or service quality (market performance) and enhanced intellectual property, increased adaptation capability and increased innovation (intellectual capital (Vidovi 6).According to Stewart (1997), intellectual capital refers to any intellectual material, which can be put to use to create wealt h, including information, knowledge, intellectual property and even experience (Bontis, 42).