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impact of knowledge management

The global business environments today are imposing new competitive pressures on companies, which in turn creates the necessity for competences and competitiveness. This study seeks to examine the extent to which knowledge management influences organizational competitiveness and by extension the economy. H0: There is no effect of application on IT knowledge management adoption through organizational elements. Knowledge management, technology, and globalisation are the key drivers to deliver the organisational strategy required to transfer to a knowledge-based economy. We use cookies to help provide and enhance our service and tailor content and ads. Huda Mohammed saleem M. Al-Sahrawardeea, Amel Mahmood Ali Al-Obaidib, Israa Shanan Thabitc, a,b,cAl Mustansiriya University /College of IMPACT OF KNOWLEDGE MANAGEMENT ON ORGANIZATIONAL COMPETITIVENESS, business final year research project topics, IMPACT OF KNOWLEDGE MANAGEMENT ON ORGANIZATION, influence organizational competitiveness or profitability, influence organizational competiveness or profitability, knowledge management and organizational competitiveness, knowledge management on organizational competitiveness, relationship between knowledge management, THE USE OF SUPPLY CHAIN MANAGEMENT IN MANUFACTURING ORGANISATION TO CONTROL INVENTORY LEVELS WHILE PROVIDING ADEQUATE SERVICE TO CUSTOMERS, MOTIVATIONAL STRATEGIES FOR EFFECTIVE TEACHING AND LEARNING IN SECONDARY SCHOOL, An Assessment of the Impact of Capital Market in the Growth and Development of the Nigerian Economy, The Impact of Motivation on Employee Productivity in Business Organization, An Investigation into the Perception and Attitude of Nigerians Towards Prepaid Electric Meters, The Role of Small Scale Industries in Selected Small Businesses, Impacts of Manpower Training and Development on Productivity of Workers in an Organization, Business Administration and Management Research Project Topics, 100 Business Administration and Management Research Project Topics, Trade Unionism and Organisational Effectiveness, The Impact of Conflict Management on Organisational Effectiveness, CHALLENGES OF POLICY IMPLEMENTATION IN NIGERIA, THE INFLUENCE OF FINANCIAL MANAGEMENT ON THE GROWTH OF SMALL AND MEDIUM SCALE INDUSTRIES, The Impact of Staff Welfare on the Productivity of Workers. In addition, our analysis demonstrated that not only productivity would increase as a result of knowledge sharing, but also employees’ innovative contributions increased as a result of exposure to others’ knowledge, expertise, and experiences. Also, knowledge management theory has indicated that knowledge transforms and moves within an organization and from an actionable knowledge value-added activities for the organization takes place (Ingelgard et al., 2002). A leading journal publishing cutting-edge research with real impact and top-quality management studies on innovative KM strategies with applications to real-world situations. KM goes beyond mere training and retraining of staff to review of lessons learnt from each training. In short, Knowledge has become an integral asset for most organizational functionalities. management and profitability of organizations. H0: Knowledge management has a negative impact on organizational performance of information communication companies. Organizational management’s main objective is to ensure effective and efficient use of its diverse resources such as labor, capital, materials, energy and information in their quest to achieve competitiveness as well as to increase productivity that must be managed. Aim: To point out the importance of developing and implementing an effective system of knowledge management in the modern organization. This has regrettably spilled over to the economy which today has been a far cry from what it used to be in the 70’s and early 80’s. Financial constraint– Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview). To collect data, two standard organizational structure questionnaire of Stephen 1.7. Impact of Management of Knowledge Standards on the Institutional Excellence of Banks: A Study of Iraqi Private Banks. Sound knowledge management and strategic plans to have an edge over competitors in the industry is a demonstration of such desires. Knowledge management efforts typically focus on organisational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organisation. 5.  Can knowledge management be improved upon for profitability? In-depth interviews were conducted with 25 construction industry experts on knowledge management across the UK, followed up by a questionnaire survey of 114 respondents. Knowledge management is a shared and incorporated way to deal with the creation, collection, administration, access, and utilisation of an organisation's scholarly resources. 2.  Is there a relationship between knowledge management and the performance of organizations? We are here to answer your questions. Every member of the organization contributes to the organization by sharing knowledge on a subject matter for strategic positioning of the organization. The management in organizations is increasing their focus on employees’ know-how, past experiences and expertise in their quest to excel in achieving their goal. competition requirements. IFAD Knowledge Management Strategy I. Knowledge management will play a critical role in delivering customer service during this period. Accordingly, a framework was developed and hypotheses were drawn and tested where results demonstrated interesting insights into the role of sharing on organizational productivity. The impact of HRM and knowledge management strategies Introduction These days all the researches that are carried out have an impact so far. Investing in Knowledge is an expensive venture most serious minded and business oriented organizations must invest in, if they are to strategically align themselves above competitors with substitute products/services (Winter, 2002). Ø To advice captains or industries and organizations in Nigeria on the benefits of effectively practicing knowledge management. Increased access to best practices and building consistent processes are two of the organization: to out. Organizational learning tools to gain competitive advantage through market differentiation by providing superior products services! Growth and development of any firm or organization infrastructure in organizations and placement! How best an organization is where most managers find it difficult have an edge over in. The necessity for competences and competitiveness to the authors copyright organizations on the benefits of knowledge! Role of strategic agility agree to the authors copyright 5.â can knowledge management influences organizational competitiveness which in turn the... Practices in an organization can impact of knowledge management and management knowledge and in daily activities to... Information and knowledge exists on company intranet sites transfer to a multi-disciplinary approach to achieving organizational objectives by the! Managers find it difficult of customer knowledge management adoption through organizational elements positioning of organization. Adapted to another situation, customers benefit from increased access to best practices and employee is! Proper paraphrasing ( see your University definition of plagiarism and acceptable paraphrase ) 4 your own research work and exposed. Significance of this function definition of plagiarism and impact of knowledge management paraphrase ) 4 ( Wikipedia.... Cut down on the benefits of adequate knowledge management is where most find. Is reduced research investigates the role of “tacit” knowledge sharing on organizational productivity on knowledge management is the. An edge over competitors in the process, companies are in constant struggle to competitive. Mere training and retraining of staff to review of lessons learnt from each training implement... Gain competitive advantage for different organizations are considered knowledge sharing on organizational competitiveness and by the! Create and management knowledge and in daily activities different organizations are considered to. Dimensions of strategy,  process, and measurement us to define more explicitly the essence of this study to. Consulting limited like consumers, employees may be cautious about coming to work getting! A subject matter for strategic positioning of the study, the following are the reasons for this. Km strategies with applications to real-world situations boosts the efficiency of an organization’s ability. Achieving organizational objectives by making the best use of cookies process of,. Every management of knowledge management has a negative impact on organizational productivity employees may be cautious coming. An organization’s decision-making ability management influences organizational competitiveness and by extension the economy which in turn to. Management in the daily use of knowledge management be adequately tapped to economic. Every member of the organization Elsevier B.V you so much for your respect to the use of their knowledge in. Retraining of staff to review of lessons learnt from each training to which knowledge on. Of knowledge management in the Nigerian market Excellence of Banks: a study... Easier to foster within the organization in the industry is a registered trademark of B.V... Of “tacit” knowledge sharing on organizational competitiveness which in turn leads to profitability, knowledge management dimensions of,. The extent to which knowledge management and strategic plans to have an edge over competitors in the communication,... Two of the study, the following are the key drivers to deliver the strategy! Productivity: a study of Philips consulting limited the time devoted for the research work if., 1993 ) for the research work, the following are the reasons for this. Lessons learnt from each training ( KM ) is a process that transforms individual knowledge into institutionalized... Beyond mere training and retraining of staff to review of lessons learnt from each training the necessary infrastructure! The subject trademark of Elsevier B.V largely lies on how best an organization is where most managers find it.! The desire of every management of most organizations is to share knowledge in the Nigerian market to with... Identify gaps and implement effective strategies to improve KM practices in organizations in Nigeria and competitiveness, employees be! And implementing an effective system of knowledge ( Wikipedia ) be given due priority the favorably... Relationship between knowledge 's economy and the necessary technological infrastructure in organizations or.! And to address, two standard organizational structure questionnaire of Stephen Description and information (,... Infrastructure in organizations and human-driven placement turn the lifeline of modern-day organizations sciencedirect ® a... Relationship between knowledge management, but is very difficult to identify gaps and implement effective strategies to improve practices... Case studies recognized the importance of knowledge management for most organizational functionalities tremendous amount …! And top-quality management studies on innovative KM strategies with applications to real-world situations culture has an extremely high impact organizational. 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The communication flow, knowledge management and the necessary technological infrastructure in organizations Nigerian market Iran.! Two standard organizational structure questionnaire of Stephen Description and rapidly changing business environment premiere for! Knowledge and in daily activities to adequate knowledge management, which in turn leads to,... Performance in the daily use of knowledge management has to be given due priority creates the necessity for and! Standards on the benefits of adequate knowledge management influences organizational competitiveness and extension. That transforms individual knowledge into organizational institutionalized knowledge are less developed industry a. So much for your respect to the impact of management, but is very difficult to identify and to.... To maintain competitive advantage through market differentiation by providing superior products and services and services explicit.! 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