The paper "Knowledge Management and Organizational Learning " is an outstanding example of management coursework. For a long time, scientists, philosophers, and experts in various disciplines searched for new information, with the aim of acquiring, creating, and communicating the knowledge for improvement and re-utilization. However, it is not until relatively recent times that knowledge management as a distinct body of knowledge emerged. The basis of knowledge management is that, just like the human inability to utilize the full range of brainpower, organizations cannot utilize the full range of information they have. Organizations, therefore, use Knowledge management as a way of either acquiring or making available useful information and knowledge for effective use in influencing organizational performance.
Knowledge management transforms individual knowledge into an organization or company knowledge (Rasula, et al. , 2012) It is important to understand the meaning of knowledge to get a better insight into this subject. Many refer to knowledge as a personal belief that one can justify. There are two types of knowledge, tacit and explicit. Tacit knowledge is that which is in the minds of people that they cannot articulate (Rasula, et al. , 2012).
Much of the knowledge that exists is tacit. Scientists develop it through studies and trial and error. Explicit knowledge is that which exists in the form of words or arranged data, sentences, or documents. The role of knowledge management is to explain tacit knowledge and present it to others as explicit for use. Knowledge today, is just as, perhaps even more important, that other traditional organizational resources like labor, capital, and land (Rasula, et al. , 2012). Often, the organization does not know what it knows. There is a lot of knowledge that is in various business processes, activities, and relationships.
Some of the knowledge is developed and through various processes improved over time. The goal of organization management is the continuous improvement of this knowledge to advance company interests (Iberdola, 2015). Economies today compete on the basis of innovation, with companies constantly looking to strengthen the link between knowledge and innovation (Gloet & Samson, 2013; Rasula, et al. , 2012).
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