The paper "The Influence of Knowledge Management on Organizational Business Processes" is a great example of management coursework. Scholars define knowledge as a form of justified personal or individual belief. It is a personal belief that differentiates the different people and brings in knowledge to different levels. Knowledge management involves planning, organizing, controlling of people, systems and processes and motivation of different stakeholders in the organization. Knowledge management is done to ensure that the resources in an organization especially the assets are put into maximum usage for effective and efficient output. Assets with knowledge related articles manuals and patents, electronic repositories, employees knowledge and the knowledge held by the team that have been working parallel to the organization.
Knowledge management involves a number of stages. The first stage entails the acquisition of information from all the sources available, and creation and refinement are done to ensure that only the necessary information is left. Transfer, sharing and utilization are the final stages of the processes of knowledge management. The major function of knowledge management is therefore to develop processes, methodologies and systems that support and motivate the people who participate in the knowledge management. Innovation and invention are key drivers in the growth and development of most companies in recent years.
Innovation refers to the adoption of new processes, ideas and devices to help improve on a particular issue that needs to be improved. Innovation encompasses a number of factors key among them being ideas, processes, products, services and technologies. The process of innovation is usually triggered by the availability of markets for new products, deficits in the market, need for reduction of costs for goods and services, need to improve on the quality of the goods and services provided and an increase in demand for goods and services.
Knowledge management provides the company with ideas on the way forward to enhance innovation for the purposes of growth and development. Innovation in the view of the organization may be achieved through changes being effected in productivity, quality efficiency, and competitiveness and through the market share. Organizational culture is a key determinant on the performance of the business. The business may adopt innovative practices to aid them in transforming the performance of the company into tangible improvements It is also important to consider a change when it comes to knowledge management.
Change is usually a gradual process irrespective of where it is to occur. However, for a change to occur, it should be profitable to people or have a positive impact on the firm. It should be embraced by the people, and they should see its importance. It should be, however, noted that change is inevitable for any given society and best way to deal with change is to embrace it then identify the means through which they can reduce the negative consequences of the change.
He argues that effective change in an organization should consider resource utilization. Positive change should be as a result of better utilization of the human and natural resources that are available for the business. The employees of most organizations usually exceed the optimal size thus; as a result, the employees rely on others to work, thus the organization does not meet the required output