Knowledge Management and Organizational Knowledge
We will also discuss the relationship between organizational knowledge and organizational learning as well as the affect that knowledge management has on each of these concepts. However, in order to understand Knowledge Management, we must first Identify and explain some of the key fundamental concepts. Data, information and knowledge are important terms with distinct meanings that are central to the concept of Knowledge Management. Together they represent the transformation of unrealized facts to relevant associations and meaning to understanding. Terminology and Definitions:Data – A group of unrealized facts taken out of context.
No association or relation among data. Belling, 2004). Information – Organized and refined collection of data as a result of associations and meanings among the different pieces of data in the collection. Data put into context. (Belling, 2004). Knowledge – The ability to understand information and realize its patterns and implications. “It is what we know and our process of comprehension in relation to specific Information” (Wilson, 2002). Knowledge Management – An increasingly debated term, Knowledge Management is generally the continual process of creating, disseminating, storing and utilizing knowledge.
The product of this continual process Is an organization’s knowledge. This knowledge is utilized for reuse, awareness and learning throughout an
Need essay sample on "Knowledge Management and Organizational Knowledge"? We will write a custom essay sample specifically for you for only $ 13.90/page
Socio-technical System- Organizational structure realizing and identifying the interaction between social structures and technological systems. Relationships between Organizational Knowledge and Organizational Learning relationship between organizational knowledge and organizational learning is one of interconnectivity. As we have already established, organizational knowledge is the produced knowledge that an organization has accumulated, disseminated and stored as a result of the knowledge management process.
Organizational learning is the ability of an organization to learn from experience and knowledge in order to adapt and enable itself to increase efficiency, productivity and better decision making. These two things are very much connected to each other in what can be described as a looping process. As organizational knowledge is created and maintained through the Knowledge Management process employees and managers utilize the organizational knowledge to increase their ability to be more productive, creates innovation and ultimately increase the organizations bottom line.
The data or information gleaned in an organization’s learning process, once understood, becomes knowledge and is essentially committed to organizational memory and therefore attributed to organizational knowledge and Knowledge Management. The relationship between organizational knowledge and organizational learning is such that the actions and decisions made based on organizational knowledge result in situations of organizational learning in which what is derived from the learning experience eventually becomes new organizational knowledge.
The proper use and appropriate Knowledge Management tools implemented will provide the most reticent information and understanding to it employees. Knowledge Management is a complex process utilized for success in socio-technical organizations that includes important components such as the generation of knowledge, embedding and representation of knowledge in company related tools and services, facilitation through social cultures and technical systems, transferring and information are vital assets to organizations seeking to achieve the ultimate competitive advantages.
These assets are continually refined and processed in a auricular manner through the generation, accumulation, evaluation, improvement, sharing, protection and utilization of knowledge. The quote by Nanas In cited earlier was chosen for the fact that it illustrates that the possession of knowledge is not an end all solution. There is always more information out there to gather, learn, and understand through the Knowledge Management process. The quote indicates that there is always more to learn and know which implicates that this is a continual process like that of Knowledge Management.