Knowledge Management Principles and Practices in Technology Intensive Organizations

Abstract

Technology pervades each and every countenance of the activities of contemporary business and is adamant on the contemporaneous practices and principles or performance management. Maturity of the internet and the technologies of computing, the manifestation of the knowledge managers, insufficiency of resources, globalization and radical competition, have brought about the attainment of their premeditated aims and objectives by putting the projects into operation. This paper would present the idea that a contemporary technology intensive organization ascertains the efficacy of its ventures by means of effectually employing the human and monetary resources; a scaffold of project management which is backed by the higher level managers and supervises the linkage of project management continuum of initiation, development, implementation, computation and manipulation. Furthermore, the knowledge management principles and practices employed in the technology intensive organizations would be compared and contrasted with the long established principles and practices for establishing that they add value, foster innovation and insure productive change within those organizations.

Table of Contents

Introduction4

Technology Management Principles and Processes Used by Contemporary Technology Incentive Organizations5

Technology and innovation7

Computer software7

Benchmarking8

Earned value analysis (eva)8

Examples of Technological Innovation and Comparison with the Traditional Business Management Principles and Practices9

Innovation management10

Project control tools and techniques11

Knowledge Management Principles and Practices in Technology Intensive Organizations

Introduction

The term technology emerges from the permutation of two terms; “techne” meaning art and; “logos” meaning logic or science. Thus loosely construed, the term technology refers to the knack of scientific discipline or the knack of logic. Technology has been officially defined by Everett M. Rogers as a blueprint for the prominent degree that cuts down the vacillation in the relationships of cause and effect coupled with an ideal upshot. This denotes that technology entails the material products such as computer and also the knowledge about the approaches and procedures such as the technology of development of mass originated by various counting in Henry Ford.

Knowledge management employing technology is a broad spectrum of exercises and strategies that impact the technologies to produce, conserve and add to the competitive advantage of the organization on the basis of the knowledge and know-how of the proprietary. Technology management, as per the United States National Research Council, is delineated as correlating the engineering disciplines, management and science to arrange for the establishment and execution of the technological capabilities for molding and acquiring the functional and tactical goals of an organization. Due to the fact that the methods of technology management are substantial to the effectiveness of a company, they are maximally efficient when they complement the wide ranging deliberate standpoint espoused by the company. The deliberate management of knowledge endeavors to yields a competitive advantage by incorporating the technological prospects into the business subterfuge (Anantamula, 2008).

Knowledge Management Principles and Processes used by Contemporary Technology Incentive Organizations

To a great extent, technology points up on the scientific innovations and intellectual capacity, attained by research and development. After that, it affects this attained knowledge to take the performance forward and also enhance the overall functionality of the products, ...