MANAGING PEOPLE THROUGH KNOWLEDGE

Managing people through knowledge

Managing people through knowledge

Introduction

Title: the management of people in SMEs through knowledge management

The paper encompasses of description about the context of managing people through creation of knowledge in SMEs that are located in the United Kingdom. Managing people is one of the most important facets of an organization. In terms of the context of organizational management, people management is the most convoluted facet of managing businesses. Managing people in an organization is the most significant perspective of running an organization. SMEs are not run by machines, but rather, like any other organization they are managed through people management.

SMEs are abbreviated for small and medium enterprise. They are defined as “are the phenomenon whose personnel numbers fall below a certain number of people”. They are far more in number when it comes to employing people and number of entities existing as SMEs. In a given economy, SMEs play a major role in progress and development. Every individual country has a different number of people employed in respective organization.

Managing people in SMEs, therefore, is an important context in a given situation. For any organization; human resource is the most important strategic asset of any organization. Human resource management is again a complex tool, however, it is mandatory. They play a more important role in creating employment in a given economy and foster the quality of living. SMEs are regarded as the backbone of an economy in a given economy.

The context of knowledge management

Knowledge management is defined as “the process of assessing and devising strategies that lead to the creation, identification, representation, distribution, and enabling of adoption of insights and experiences”. It is deep rooted and implemented through implementation of organizational processes and practices every day.

In the organizational context of SMEs, it is indeed very important for organizational learning, as well as, developing strategic advantages. The entire purpose of knowledge management is to create an environment that aids the development of learning and implementation of the most effective techniques and tools through learning and experimentation. Knowledge management encompasses of focuses and insights that tend to create a more productive channel that puts the employee efforts in the organization.

People management through knowledge management is one of the most widely observed phenomena observed in the organization of small and medium size. Organizations are hiring big brains today, and therefore, SMEs find it very difficult to compete with these corporate giants. Knowledge management through employees encompass of sound strategic development. The management of people through knowledge and experimentation, is therefore, is going about creating an strategic edge for people.

The paper encompasses of discussing the impact of knowledge management as a strategy to manage the human capital in an organization. As a consequence, the purpose of developing knowledge economies and developing strategies that takes the business through a dynamic management tactic to emerge with a much better side of managing the organization.

The assignment has been structured as below;

Introduction of the title

Importance of SMEs ...