what is knowledge ?
knowledge is "knowing something with familiarity gained through experience ,education,observation,or investigation,it is understanding a process ,practice,or technique or how to use a tool."
According to Malhotra,yogesh.(1998) knowledge management
"Knowledge management caters to critical issues of adaption,survival and competence in face of inncreasingly discontinous environmental change.Essentially,it embodies organizational processes that seek synergistic combination of data and information processing capacity of information technologies, the creative and innovative capacity of the human beings"(malhotra 1997)
In my opinion knowledge management deals with 'doing the right thing'instead doing things right'. in my thinking knowledge management is the strategic framework of the organisation to view the processes as a knowledge process.in my view every business process involves with creation of process,dissemination of the process,renewal of the process and also application of knowledge to make the process effecient.
Is knowledge management necessary to companies?
Every organization needs knowledgeable employees to make effective and efficient procedures to run the operations and processes in the organization.knowledge of the employees is wealth to every organization . If the maximum utilization of employees knowledge(their valuable ideas and suggestions) is profit to organization in the form of better processes and procedures.
a new concept is evolved known as' information value chain' to 'knowledge value chain '. Here information value chain means technological systems are the key components which helps the organization to guide the business processes of that particular company while humans are passive processors they implement the best management practices in the information databases of the organization.
example:
I want to explain a day to day knowledge management activity that takes place in my organization(info media India ltd). as we conduct brain storming classes to my employees in the organization.we will help them in giving necessary unique selling points to sell the products and also we take suggestions from our customers the employees to make our products and services effective and better.as we are into media space we have different people working like journalists,editors,publishers and advertisers. we arrange a weekend and month end meeting to share our experiences and thoughts to improve our service ,quality and integrity. we usually have meeting about competitors strategy and market conditions inorder to gain competitive advantage.so i feel knowledge management activity is essential these days to sustain in the competitive market.
Reference:
-knowledge organizations &knowledge workers :A view from Front lines (WWW document).URL:http://brint.com/interview/maeil.htm
(it is published in Maiel business news paper of february 19,1998)
Wednesday 11 February 2009
Thursday 5 February 2009
what is meant by strategy
According to johnson and scholes strategy is a longterm goal for organistaion which helps in gaining competitive advantage for the organisation through allocation of neccessary resources with internal environment to meet external demands in the market.
According to Kenneth Andrews strategies a series of decisions that helps in formulating policies and revealing its goals and objectives of the organisation.
In my opinion strategy is the term that refers to complex web thoughts,Ideas,Insights,experience,goals,perception and expectation that helps in guiding in accomplishing a particular task.
What is stategy?
Strategy is the general frame work that provides guidance for actions to be taken at the same time and shaping the actions.strategy should be formulated in such a way that it should be understable to all levels of management
Strategy in organisation?
Most of the portfolio managers considers execution of strategy rather than its quality.most of the managers cited that implementaion of strategy is important factor for shaping the management and corporate valuations .After thorough research management consult and researches that devising startegies will enhance the superior performance.
According to M.E.porter 'he claims that not all business decisions are strategic.decisions can only defined as strategic if they involve consciously doing something 'differently' from competitors and if that difference results in sustainable advantage'
In the above phrase he says that different businesses has different strategies to gain competitive advantage over their competitors .he also said that every business should not copy thier competitors strategies .to improve thier productivity and to gain competitive adavantage they need to make the existing processes and methods more efficient for which a strataegy is important
there is always an objective behind the establishment of an organisation. Inoder to achieve that objectives palnned, systamatic ,controlled way of working which collectively forms 'Strategy'
After thorough research i came to know that strategy is important to individual and organisation.
as i want to share my personal experience with you.how i strategised my life my to reach my carrier goals .my aim was to become business man and done my bachelors in electronics and worked for a chip company for a period of 1 and half year where i came to know the about managing work,team work,motivational aspects,corporate meetings and technical aspects.and after that i hav done my MBA from premier business school and after completing my course.Worked for a media company for two years where i came to know about the management and how to manage things and also member of hyderabad management association and made contacts with diverse industrial professionals and took suggestions from management consultants to start the firm and my firm deals with financial services products like banking,insurance. Inorder to expand my firm and planned to study abroad and felt united kingdom is the best place to know about business and applied for the business management course at middlesex university.After completion of my course i will work for premier organisation and i will try acquire best management practices. In my perspective my work experience and courses which i have done will be helpful in making my organisation effecient and effective by which i can deliver better services to my customers.this is my strategy to achieve my career goals.
reference:
- http://tutor2u.net/business/strategy/what_is_strategy.htm
- http://home.att.net/~nickols/strategy_definition.htm
-Robert s.kaplan,david p.norton,june 2000,strategy focussed organisation,boston and lincoln,massachussets,page 2-3.
-Article taken from harvard business review in 1996 proposed by M.E.Porter
According to Kenneth Andrews strategies a series of decisions that helps in formulating policies and revealing its goals and objectives of the organisation.
In my opinion strategy is the term that refers to complex web thoughts,Ideas,Insights,experience,goals,perception and expectation that helps in guiding in accomplishing a particular task.
What is stategy?
Strategy is the general frame work that provides guidance for actions to be taken at the same time and shaping the actions.strategy should be formulated in such a way that it should be understable to all levels of management
Strategy in organisation?
Most of the portfolio managers considers execution of strategy rather than its quality.most of the managers cited that implementaion of strategy is important factor for shaping the management and corporate valuations .After thorough research management consult and researches that devising startegies will enhance the superior performance.
According to M.E.porter 'he claims that not all business decisions are strategic.decisions can only defined as strategic if they involve consciously doing something 'differently' from competitors and if that difference results in sustainable advantage'
In the above phrase he says that different businesses has different strategies to gain competitive advantage over their competitors .he also said that every business should not copy thier competitors strategies .to improve thier productivity and to gain competitive adavantage they need to make the existing processes and methods more efficient for which a strataegy is important
there is always an objective behind the establishment of an organisation. Inoder to achieve that objectives palnned, systamatic ,controlled way of working which collectively forms 'Strategy'
After thorough research i came to know that strategy is important to individual and organisation.
as i want to share my personal experience with you.how i strategised my life my to reach my carrier goals .my aim was to become business man and done my bachelors in electronics and worked for a chip company for a period of 1 and half year where i came to know the about managing work,team work,motivational aspects,corporate meetings and technical aspects.and after that i hav done my MBA from premier business school and after completing my course.Worked for a media company for two years where i came to know about the management and how to manage things and also member of hyderabad management association and made contacts with diverse industrial professionals and took suggestions from management consultants to start the firm and my firm deals with financial services products like banking,insurance. Inorder to expand my firm and planned to study abroad and felt united kingdom is the best place to know about business and applied for the business management course at middlesex university.After completion of my course i will work for premier organisation and i will try acquire best management practices. In my perspective my work experience and courses which i have done will be helpful in making my organisation effecient and effective by which i can deliver better services to my customers.this is my strategy to achieve my career goals.
reference:
- http://tutor2u.net/business/strategy/what_is_strategy.htm
- http://home.att.net/~nickols/strategy_definition.htm
-Robert s.kaplan,david p.norton,june 2000,strategy focussed organisation,boston and lincoln,massachussets,page 2-3.
-Article taken from harvard business review in 1996 proposed by M.E.Porter
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