The following figure outlines Knowledge Management in an organisational perspective. As seen in the figure, Knowledge should be studied as an interrelationship between stimulus and response:
While studying with respect to an organisational perspective, stimulus could be further classified into two types:
- Anticipated Stimulus
- Unanticipated Stimulus
Similarly, response could be further classified into two types
- Planned response
- Unplanned response
The coordination of stimulus and response is exhibited in the form of Knowledge of an individual. An organisation is composed of a group of individuals. Hence the knowledge of an organisation collectively denotes the overall knowledge level of all its human resource.
It is essential to manage Knowledge in any organisation and proper knowledge management in-turn contributes to development or birth of new innovative ideas.
The Process of Knowledge Management in Organisations
In any organisation, Knowledge Management is essential. The Knowledge Management process of any organisation can be explained as follows:
Knowledge management consists of the following steps:
- Decision Making
Knowledge as the figure shows is the combination of data and information. The knowledge collected initially is helpful in any organisation in decision making.
- Carl Frappaolo, Knowledge management, Capstone, 2006
- Donald Hislop, Knowledge management in organizations: a critical introduction ,Oxford University Press, 2005
- The problem of work-life balance in remote working - January 16, 2021
- Performance assessment of growth, income, and value stocks listed in the BSE (2015-2020) - January 6, 2021
- Trend analysis of stocks performance listed in BSE (2011-2020) - January 4, 2021