Essays on Successful Knowledge Management Initiatives Case Study

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The paper "Successful Knowledge Management Initiatives" is a perfect example of a case study on management. Knowledge Management (KM) is the management of processes, roles, relationships, people, governance, and technology within organizations structures which allows the transfer and application of expertise, competencies, and insights from others to help in overcoming the challenges facing the organization and treating knowledge as a universal asset. Knowledge management involves the provision of knowledge to the indented users at the right time to inform their decisions towards the correct actions. KM has recently attracted interest by researchers and scientists to perform research on a wide variety of topics ranging from technological adoption, managerial implementation of best approaches, theories, and definitions so as to contribute to the pool of knowledge available. Organizations usually invest in KM for various reasons.

One of the main reasons why organizations engage in KM is to safeguard their employee's know-how when the senior staffs are about to retire. This helps to transfer their acquired skills and competencies to the junior staff. Also when organizations employ new employees from different industries there is a need to engage in KM so as to improve the level of performance of the new employees.

It is necessary to note organizations engage in KM so as to ensure that they reap the most of the market through learning from past experiences, recycling of intellectual capacity in different business locations, or different projects. Knowledge has been used to reduce risks associated with uncertainties in business operations. For example, risk can be evaded in the future by developing intellectual capacity as a result of a happening which resulted in the loss of income or impacted negatively on the lives of employees within the organization.

Cross-border KM practices have proved to be an effective way of ensuring knowledge is transferred from one location or organization to the other for effective business management. Oman Flour Milling Company has engaged in KM initiatives with an aim of retaining their know-how as the organization has high employee turnover. Also, the company has established a clear link between its systems, processes, and technology they use to optimize their performance.


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