Case Study ind

Case Study ind - Case Study I Ans.3) Knowledge Management...

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Case Study – I Ans.3) Knowledge Management System : Knowledge Management caters to the critical issues of organizational adaption, survival and competence in face of increasingly discontinuous environmental change. Essentially, it embodies organizational processes that seek synergistic combination of data and information processing capacity of information technologies, and the creative and innovative capacity of human beings" (Malhotra 1997). Knowledge management focuses on ‘doing the right thing' instead of 'doing things right.’ Knowledge value chain treats human systems as key components that engage in continuous assessment of information archived in the technological systems. In this view, ‘best practices’ are not implemented without active inquiry by the human actors. To remain aligned with the dynamically changing needs of the business environment, organizations need to continuously assess their internal theories of business for ongoing effectiveness. Risk Management System : Risk management is a method for identifying risks and developing and implementing programs to protect the organization and prevent loss. An effective risk management program consists of four basic steps that are part of a continuing process. As you engage in new activities and plan different events, continue to use these four steps to help protect against the new exposures that arise: Assess — identify, analyze and prioritize potential risks Select methods to prevent loss Implement the best methods Monitor the results and revise as necessary How KMS and Risk Management Programs can be Integrated :
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This note was uploaded on 11/07/2011 for the course ECON 101 taught by Professor Johnson during the Spring '11 term at Sciences Po.

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Case Study ind - Case Study I Ans.3) Knowledge Management...

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