Enriching KM in R& D Organisation - A Malaysian Perspective

Enriching KM in R& D Organisation - A Malaysian Perspective

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22 Knowledge Management As Strategy For K-Economy: Looking At Malaysia Environment Amlus Ibrahim a , Hirun Azaman Ismail b , Susita Hj.Asree c , and Mohd Radzai Said d a,b,c Fakulti Pengurusan Teknologi, Universiti Utara Malaysia a Amlus@uum.edu.my, b hirun@uum.edu.my d Kolej Universiti Teknikal Kebangsaan Malaysia radzai@kutkm.edu.my ABSTRACT The paper study on the knowledge management contribution in K-Economy. Every company faces the challenge of how to best manage its knowledge assets to generate value for the marketplace and obtain competitive advantage Such advantage derives from special capabilities that are rare, valuable, non- substitutable, and costly to imitate Historically, the focus was on capabilities involving tangible assets, knowledge is widely recognized as the source for competitive advantage, with the tangible assets representing the physical manifestation of but a fraction of this knowledge As companies scramble to develop strategies for more proactively and strategically managing their knowledge, the field of knowledge management (KM) receives increasing attention from trade organizations and academic journals. From this study it was found that to improve the chances of conclusively demonstrating value to the K-Economy, a new KM implementation in an innovation organization should address issues such as organization's goals and strategies, access tacit knowledge, provide search tools, promote creativity, capture new learning, and build a supportive culture, insufficient communication, failure to integrate knowledge, lack of time to learn ,lack of training .a senses there was little personal benefit in knowledge management. Keyword Knowledge management, k- economy, Concept of Knowledge ,creativity 1.0 INTRODUCTION Before the term knowledge management (KM) surfaces, many organizations examined alternative ways of doing business. Information and communications technology (ICT) has widened their internal and external networks, which enables different and more flexible arrangements with staff, suppliers, and customers. According to Abell (2000), of the management themes developed and explored in the last 25 years, five have been particularly influential in changing the way that people and organizations work. These are: total quality management, business process reengineering, intangible assets, learning organizations, and knowledge management. As the growing demand for knowledge-based products and services is changing the structure of the global economy, the role of knowledge in achieving competitive advantage is becoming an important management issue in all sectors. In creating wealth, knowledge is increasingly taking a front seat to the traditional factors of production, that is, physical and fiscal assets. The gap between a company’s market value and its tangible asset value is widening; the key variable explaining this gap is a firm’s stock of knowledge. Unlike land, labor, and capital - the economist’s traditional, finite factors of production – knowledge and ideas are
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Enriching KM in R& D Organisation - A Malaysian Perspective

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