Today, organizations are faced with the pressing need for long-term competitive advantages. As a result, organizations have been taking actions in response to the changing environment. In this era, where organizational development has been facing rapid changes, there is an approach aimed at reducing risks at enterprise through knowledge management. The aim of knowledge management is to define the role of knowledge in business management, which adds value and part of strategic component.
The knowledge in the field of organization
Organizations generate new knowledge from the experience, skills and attitudes in the development of their own culture. It is essential for organizations to create an environment that stimulates knowledge in a convergence of human resource quality, the ability to manage information and the presence of an organizational model. The organizational model needs to implement and integrate the tools, techniques and methods for the effective process of knowledge creation. In this context, it is essential to have an unavoidable relationship between knowledge management, information management, technology management, organizational culture and human resource management (Handzic 2004, pp. 241-280).
These elements ensure that the process is efficient. Knowledge management requires efficient information management. Therefore, the success of knowledge management is invariably conditioned on how to make such management in the organization and the quality of the results that this process is capable of. Other elements, which are essential for achieving adequate knowledge management, are the use of technologies as essential tools for the rapid and adequate transmission, generation and dissemination of knowledge. In addition, the development of human resources and organizational culture acts as globalized organizations, which require a commitment at all levels and depends largely on its human dimension, which seeks to enhance organizational learning.
Knowledge Management
Knowledge management should be understood as the management body by which we obtain, deploy or use a variety of basic resources to support the development of knowledge within the organization. That is why, understanding how to structure knowledge management initiatives will generate an advantage when considering the knowledge within the organization's strategy (Borghoff 1998, pp. 186-232).
The objectives of knowledge management
The objectives based on knowledge management are as below:
Develop an outreach strategy for organizational development, acquisition and application of knowledge.
Implement strategies to knowledge.
Promote continuous improvement of business processes, emphasizing the generation and use of knowledge.
Monitor and evaluate the achievements through the application of knowledge.
Reducing cycle times in developing new products, improving existing ones and reducing the development of solutions to problems.
Reduce costs associated with the repetition of mistakes.
This requires understanding the process, which is associated with knowledge management and how this process establishes the characteristics of each project management's knowledge.
The process of Knowledge Management
The knowledge management process should be understood as the component needed to develop solutions aimed at generating knowledge base of value to the organization. It should be noted that the process of knowledge ...