The paper "Soft Systems Thinking, Intellectual Capacity and Social Capital" is a great example of management coursework. In the modern world, knowledge is regarded to be one of the most important assets of an organization (Raš ula, Vukš ić & Š temberger 2012, p. 148). Knowledge and its appropriate use is one factor that creates a difference between a successful and unsuccessful organization. In the wake of increased competition in the global business world, it has become important for business organizations to develop and manage knowledge appropriately in such a manner that enables them to attain a competitive advantage in the market.
In line with the need to enhance organizational competitiveness has been the need to develop and implement corporate strategies that ensure that organizations’ are in a continuous move to develop their business models and processes so as to enhance their competitiveness in addition to being sustainable. Strategic knowledge management has therefore gained much prominence in the recent past and is focused on identifying knowledge resources available to an organization, defining a desired state in the future and developing mechanisms on how to achieve and manage the desired knowledge levels (Ló pez-Nicolá s & Meroñ o-Cerdá n 2011, p. 503).
This critical study paper will give an in-depth discussion of knowledge management & environment, intellectual capital & social capital, communities of practice and soft systems thinking in relation to Checkland’ s quote “ We see in the world many examples of sets of human activities related to each other so that they can be viewed as a whole” . Strategic Management The strategy is defined as the direction and scope of a company in the long term that is geared up towards ensuring that the firm achieves an advantage that enables it to align its business processes with market dynamism and provision of value to stakeholders.
Strategic management involves the integration of strategy concepts in the management of an organization (Bettis, Gambardella, Helfat & Mitchell 2014., p. 950).
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