Knowledge Management Essentials
Knowledge management which is abbreviated as KMis widely practiced activity in organizations. It is a vital issue which is needed to be planned in an efficient manner to manage the knowledge resources. The knowledge management process is consisted of a number of various activities that leads the knowledge in a useable form for concerned ones. The stages in knowledge management process include identification, creation, representation, distribution and enabling managers to adopt the experiences which are inferred through the initial or prior activities.
The main concern of knowledge management system is found in the fields of business administration, information technology and services businesses. It is the best allocation of how to use the available knowledge in to the decision making processes. In day to day business activities and transactions, we have to encounter with numerous information which after wards may be regarded as knowledge. It is the key responsibility of an efficient knowledge management system that it brings pace and efficiency in decision making criteria and then process as well.
In human resource department, the knowledge management system can be observed in the form of maintenance of employees’ records and in recruitment process as well. There is no any hard and fast rule to manage the knowledge. The extraction process is the key of efficiency. We can only guarantee the efficiency in the process if we have extracted useful and concerned information from the raw data and have arranged it in chronological order.
The effective knowledge management can be measured in terms of accuracy of results and deficiency in aimed and achieved. It is a very popular technique organization wide. By a very well organized knowledge management system, the goals of an organization may be met in terms of effective decision making. Feasibility of business plans and idea screening is aimed to be matched with the help of knowledge management system.
The well reputed organizations have installed knowledge management specific purpose software to get the information organization as it is entered to the organization. The well-defined knowledge management system may lead any institution towards heights. The workers who deal with knowledge and its management are clerical staff which is often known as non-managerial workers. In specific management terms, the non-managerial staffs, who are direct dealing with data and information processing is known as knowledge workers. Many times, knowledge management is also known as knowledge work system.
The knowledge processing was very hectic task while making decision even a decade ago. After the commencement of soft knowledge management, it took a break in the duties of knowledge workers. The data processing software like electronic data interchange and many other electronic commerce programs are found very helpful in knowledge management system since management information system and electronic commerce are strongly correlated to each other. Accurate knowledge management helps to take key managerial decisions as well as day to day routine transactions such as raw material, inventory holding, order processing and procurement decisions as well. It helps to regulate the quality and consistency in manufacturing as well as in services.