The characteristics of knowledge management are from the basic properties of knowledge economy

The characteristics - change the distribution of resources to make short time response to the event and this could produce great benefit to the

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The characteristics of knowledge management are from the basic properties of knowledge economy. Knowledge economy is the economy based on the internet information, high technology and intellectual asset. Since the usage and development of high technology, intellectual asset and internet information is the process of sharing information and integration of intelligence, knowledge management is managing the flow of information and intelligence. In the modern organization environment, there are always events happening without expectation. For example, there is a financial crisis in certain region, a surprising invention in certain area or an unexpected competitor. In order to minimize the negative effect and solve the problems generated from the events, we need to improve the responsiveness of the organization. Traditional ways of management is necessary, but they could not help us to solve above mentioned problems. However, through knowledge management, we could investigate the trend of the market and
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Unformatted text preview: change the distribution of resources to make short time response to the event, and this could produce great benefit to the organization. Every organization tries its best to maximize its productivity, but there is always a common problem existing, which is the employees are doing repeating works day after day without learning new skills or experiences. Knowledge management could provide efficient sharing of skills and experiences between employees. In this way, employees could get the best skills and experiences, in order to improve productivity and minimize faultiness. In conclusion, as a modern term, knowledge management becomes a very popular topic in business. Even though it is hard to define what knowledge management is, we have to believe that it is central to success of a modern organization and it will become more and more important in the near future....
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This note was uploaded on 03/22/2012 for the course BADM 318 taught by Professor Mitra during the Spring '12 term at British Columbia Institute of Technology.

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