The paper “ Knowledge Management - Perspectives and Pitfalls” is an exciting example of the annotated bibliography on management. Due to globalization, competition is stiff in the business environment hence knowledge sharing and management must be facilitated. Transfer of knowledge from one organization to the other is essential because knowledge is dynamic. Knowledge management, therefore, is meant to ensure efficiency, create a flexible, productive, adaptive, and effective business operation that is knowledge-based. According to Wilson (2002), knowledge management can be blended with strategies so as to influence the performance of the organization.
Gal (2004) has further clarified how knowledge management is important to the employees to understand for them to meet the set goals of the organization. The bibliography as researched by Niedderer and Imani (2008), has stressed the models and methodologies to clarify how knowledge management can be adopted in the organization to achieve its goals and objectives. According to Christensen (2003), top management is critical because they are the main decision-makers in the organization. The bibliography further discussed the strategy formulation by the top management where it should be strategies that must be knowledge-based.
The article by Carlucci, Marr, and Christensen (2004), emphasized how managers and employees should know about the knowledge management concept so as to handle challenges and provide solutions to those solutions based on the skills and knowledge gained from knowledge management. As a result of the knowledge-based management concepts, companies should adopt it so as to improve their performance and management. This concept is meant to help firms to gain a competitive advantage over others in the same industry. This can be achieved by improving the quality of the product, prices, and customer relations. As a result of the knowledge based management concepts, companies should adopt it so as to improve on their performance and management.
This concept is meant to help firms to gain a competitive advantage over others in the same industry. This can be achieved by improving the quality of the product, prices and customer relations.
Carlucci, D., Marr, B. and Christensen, G. The knowledge value chain: how intellectual capital impacts on business performance, International journal on Technology management, vol. 27, no. 6/7 2004 retrieved on 12th October, 2010
Christensen, P. H. (2003). Knowledge management: perspectives and pitfalls. Copenhagen Business School Press DK. Retrieved on 12th October 2010
Gal, Yoav. The reward effect: a case study of failing to manage knowledge. Emerald publishing Press. Journal on knowledge management. Vol. 8 no. 22 2004, pp. 73-78
Niedderer, K. and Imani, Y. Research a framework for managing tacit knowledge in research using knowledge management tools. Design research society biennial conference, 16-19 July 2008.
Wilson, T. D. (2002). The nonsense of knowledge management. Information research (online). Vol. 8, no. 1.