Level Of Knowledge Improvement Analysis

It is essential for organisations to keep up to date and accurate records to ensure efficient

Knowledge is considered as one of the most important and competitive resource for sustenance of the organisation (Zack, 1999). It can be compared to the strategic resource that can be used and applied in various frames of the organisation. Experienced managers in the organisations believe that company can receive strategic advantage through knowledge and not the strategies or actions implemented by competitors. Knowledge can be regarded as a strong approach that opens numerous ways of success. It is that weapon that help organisation to evaluate solutions in financial and other professional difficulties.

The different information systems are filing cabinets where hard copies are stores or electronically which can be saved changes can

Information is the key to any organization in the world today; it is what makes an organization successful, accurate and proficient in an increasingly competitive market. Without information a company is powerless, it does not know its customer or understand them,

Explain factors to consider when selecting opportunities and activities for keeping knowledge and practice up to date.

There are various factors to consider when selecting opportunities and activities for keeping knowledge and practice up to date which are stated above. Ultimately updating your knowledge is vital and is certainly an on-going process for all the team as one cannot seem to know everything. Some may understand it better than others this provides a chance for them to discuss it together so others can understand it in a simpler way. But the above factor such as time and budget could have an effect for this. For example smaller business may not have funding for further training for the staff such as QCF. Staff maybe very interested in furthering their knowledge and are willing for this to have a chance for career progression however this limits them and only option is to do it privately. Some can

Many companies are very keen and ready to clinch Work Base Learning in an organization, not mainly because it provide you with lifelong learning, but also it is an important ingredient of what Senge (1990) has termed as the ‘learning organization’. A learning organization is a place in which the learning and flair of persons is backed and promoted so that the organization itself be able to form its future and it also very important to gain competitive advantage.

Some of the benefits of electronically storing are that you can store vast amounts of information in a very small space, you can reproduce and disseminate this information at great speed, documents are easy to modify. Documents can also be searched for easily, and it is hard for the documents to go missing.

Knowledge Management process allowed for the organization to stay informed in the latest products and processes.

Knowledge Management (KM) uses various ways to identify opportunities for improvement (OFI). What needs to be remembered is that KM improvements are not simple, they are in fact complex. “They must be integrated with changes in work processes in other units to yield benefits” (White & Griffith 2010, p. 334). Because important projects can take several years to complete it is important for KM to have a sophisticated planning process for continuous improvement. In order to have a successful

The ability to manage information plays a critical role in developing a firm’s capabilities in customer relationship management, process management and performance management (Mithas, 2011).

2. Computerised System: The benefits of a computerised filing system are numerous, and include reduced costs to the company, benefits to the environment, increased ease of sorting, finding, and moving documents. Another benefit is that it allows the office to operate in a smaller area.

talk about sharing knowledgethey have begun to put into place the tools and processes that can actually bring it about. Knowledge databases, best practice seminars, technology fairs, cross-functional teams, "Does anyone know . . . ?" e-mails, and groupware, to name but a few knowledge-sharing processes, have the avowed purpose of getting knowledge that exists in one part of the organization put to use in another part of the organization. Three Myths Pervading the idea of knowledge sharing are three myths. Perhaps myth is the wrong termmaybe they are just assumptions that seem reasonable at first glance, but when acted on send organizations to a dead end. Many of the organizations I studied started with one or more of these assumptions and then had to make corrections to get back on track. The three myths are (1) build it and they will come, (2) technology can

Organisational learning can be seen as the goal of knowledge management and may be obtained by good knowledge management strategies and processes. By motivating the creation, dissemination and application of knowledge, KM initiatives pay off by helping the organization embed knowledge into organisational processes so that it can continuously improve its practices and behaviours and pursue the achievement of its goals.

This chapter summarizes the analytical findings and draws conclusions. The findings and the relevance of them for implementation and limitations and scope for further research are described. This study on knowledge transfer, a process in the overall schema of knowledge management, as fostering continual improvement of the organization was done at High Pressure Boiler Plant of Bharat Heavy Electricals Limited Tiruchirappalli. Knowledge transfer is studied in conjunction with other processes of knowledge management knowledge creation, knowledge storage and knowledge management practices as they exist in BHEL. A self-administered questionnaire survey was carried out. 100 fully filled responses