The paper "The Importance of Knowledge Management for Better Information System Management" is a good example of management coursework. Information system management entails the different strategies, methods, practices and ways that have been laid by a particular organization to represent, create, identify and distribute as well as adapt to the experiences and insights observed in the business on the process of its running (Ankita 23). There are a number of advantages of sharing knowledge in an organization which are as follows. It leads to an improved level of creativity at a personal level hence leading to the creation of a room for innovation It leads the organization to a point of realizing the economy of scale and so lowering the production costs. It ensures the company maintains consistency in terms of the quality of its services and products. It also enables the organization or the business repeating the mistakes it had committed. Improves responsiveness in terms of competition Improves the business’ s process of decision making Introduction In today’ s economic status, any business that has to greatly thrive must have a great deal of knowledge management.
The process of knowledge management entails the different strategies, methods, practices and ways that have been laid by a particular organization to represent, create, identify and distribute as well as adapt to the experiences and insights observed in the business on the process of its running (John 134).
These insights enable the business management to come up with the way forward as far as the improvement of the business operations is concerned. It has been discovered that many of the business fundamentals are changing at a very great and alarming rate. There is a significant change in the intangibles as well as the tangibles assets which are the core areas all these businesses are deriving their competitive power.
One of the greatest requirements for any business to stand in the competition platform is the issue of innovation. Any business that is not carrying out innovation in all of its areas of operations is as good as dead. This is because the technologies and the consumer’ s needs are frequently changing meaning that knowledge is a very critical factor as far as the production is concerned. The main aim of this particular paper is to show the current strategies of the knowledge management of Company as well as the ways in which there can be an improvement for the purpose of proper information system management (Hannagan 99).
There are a number of things that actually leads to the best management of a company as well as evaluation of its progress. Many are the time's changes occur especially in the external environment of the business world which are even unpredicted. And can easily interfere with the running of the business.
This is where knowledge management becomes very important because such issues can easily be arrested before they interfere with business productivity. Discussion/ Conclusion Knowledge management strategy Due to the problems that are facing the knowledge management process of Companies, there is a great need for coming up with a strategy that will help solve the problems like (Mullins 233).
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