Company that wanted to be success must manage their
knowledge management actively for these 3 reasons:
i) Facilitates decision-making capabilities.
Achieving great and high-quality
decisions can be erupted by the overwhelming processed information. A company needs to plant a knowledge
management system as to help the members of top management to share the
information, cut through the noises that erupts the dissemination of
information as well as improve the decision-making process. All in all, specifying a place for the
knowledge management system can aid in producing a more informed and better
decisions for the managers.
ii)
Builds learning organization by making learning
routine.
“To move ahead, one must often
first look behind” (Garvin, 2000. p.106).
by this quote it means that in order to move forward, a company must
make learning a routine to improve themselves.
This can be done through the assesments that is being done after an
activity or event have taken place within the organization environment. The result of this assesment is that the
company gets to identify areas for improvements as well as identify the success
and/or failures of the activities/events.
iii)
Stimulates cultural changes and innovation
A very well managed and active organizational knowledge can stimulates
the cultural change and innovations of the organization itself by motivating
its members to have a free flow of ideas.
With a proper management of knowledge, managers are able to accept
changes as well as develop ideas and insight which later on, on most of the time, lead to
the developing the current ideas or we know it as innovation.
This is a reviewed article. The original article can be
retrieved from: http://www.forbes.com/sites/lisaquast/2012/08/20/why-knowledge-management-is-important-to-the-success-of-your-company/
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