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CONTRIBUTION
OF KNOWLEDGE MANAGEMENT (KM) IN DEVELOPING ORGANIZATIONS’ COMPETITIVENESS
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Discussion
Question 4: Evaluate critically the concept of
knowledge management (KM) and explain its potential contributions to developing
organizations’ competitiveness in a knowledge-driven globalizing world.
Table of Contents
2.0
Key Features of Knowledge Management
3.3 KM Helps in the Identification of Global
Opportunities
3.4 KM Builds Efficiency and Effectiveness
3.5 KM Betters Industrial Relations
3.6 KM Promotes Responsiveness to Global Environment
Stewardship
How
fast has the knowledge management landscapes changed over the last couple of
decades? Today, it is not surprising to notice continuous learning emphasized
by many organizations as a critical policy or even a mandatory agenda for
employees. After all, who would want to employ a 'half-backed' staff team or
even those that are not willing to advance knowledge in line with the changing
environment? The main reason why people who have to contend with constant
knowledge and systematic learning continually is the fact that tomorrow's job
market will be entirely different from today, and the cycle is recurrent. These
pile of issues that emerge now and then are close and embedded in knowledge
management, which according to Bharadwaj, Chauhan, Raman (2016), entails a
systematic approach of generating and capturing, spreading, and applying
knowledge in an attempt to achieve a predetermined objective.
In addition to the constant need to learn, organizations are not left behind in complying with competitive waves created by sharing of information and knowledge in the large market...