Monday, 12 October 2015

Managing Knowledge Processes for Value Creation by Giovanni Schiuma, Daniela Carlucci and Antonio Lerro (2012)

This discussion paper is mainly focusing on the crucial need of good management of knowledge processes in order to gain excellence in business as well as managing the uncertainties, turbulence and change in the current socio-economic scenario.

According to the discussions, for both public and private organization to get gains, they must conquer the ability to turn their knowledge domain into profitable services and/or artefacts and efficiently and effectively renew the organization’s capabilities.  Continuously acquiring, organizing, sharing and applying the knowledge resources they had are the things that need to be done by the organization in order to fit the purpose.

Like any other things that are in contact with the business/organizational management, there are always challenges. In relative to knowledge resources, the challenges would be the process of extracting the ultimate value from the available resources.  It is only when these resources are being managed effectively and efficiently as well as through proper knowledge processes that the complete potential of knowledge resources is being acknowledge.

Besides that, the effectiveness of this knowledge management processes efforts generally depends on the alignment of the organization’s process and infrastructure with the processes such as creating, disseminating, and applying and using the knowledge in a way that upholds the organization’s goals’ achievements and value proposition.

On top of that, in the process of becoming a successful knowledge resources management which includes the support system, teams, collaboration, structures, ICT tools and proper supportive culture, several factors that derived from the technology, individual and organization may intervene.  The debate on the knowledge management processes, however, is still on.

Reference: Schiuma, G. Carluccci, D. and Lerro, A. (2012). Managing knowledge processes for value creation. VINE. Vol.2. Iss 1. 4-14.

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