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A paper presentation
                                   On

              Knowledge management
                                   At

               State Level Seminar on
           Current Scenario in Management
                         11th February 2012

                              Organized by:
      N. R. Vekaria Institute of Business Management Studies
                       Bilkha Road-Junagadh

Submitted by: jignesh vamja

              Mo: 9426128003

              Email id: jsvamja@yahoo.com




                                                               1
INDEX




SR. No.      PERTICULARS                            PAGE NO.
 1.       Introduction                               3

 2        Concept of knowledge management            4

 3        Knowledge chain                            5

 4        Benefits of Knowledge Management System    7


 5        Features of Knowledge Management           8

 6        Barriers to KM                             9


 7        Evaluating knowledge management           10


 8        conclusion                                10




                                                               2
KNOWLEDGE MANAGEMENT

Introduction

Under increasing competitive pressure, many companies are examining how they can better
manage their intellectual capital. As the pace of global competition quickens, executives realize
that their edge lies in more efficiently transferring knowledge across the organization. The
emerging field of knowledge management addresses the broad processes of locating, organizing,
transferring and more efficiently using information and expertise within an organization. New
market forces and infrastructure changes have prompted an interest in knowledge management.
Market forces include new corporate models that emphasize corporate growth and efficiency, the
need for cycle time reduction, knowledge lost from downsizing and the need to share information
across the organization, which often means across the globe.
To lower these barriers to sharing knowledge, leading executives recognize the need to institute
new knowledge-centric practices. Information technology plays an important role in enabling
these processes across distributed enterprises. What executives want to avoid, however, is the
cost and disruption of a wholesale change to the organization’s information systems.
The promise of technologies aimed at knowledge management is that they will help
organizations use the knowledge they have more efficiently without changing the tools they
currently use to create it and process it. This is the promise, but unfortunately what many
software vendors tout as knowledge management systems are only existing information retrieval
engines, groupware systems or document management systems with a new marketing tagline.
What executives really need are new technologies designed to implement the revolutionary
changes in the way knowledge workers create, communicate and manage knowledge. To help
answer that question, this white paper examines the practical aspects of knowledge management
and evaluates how various new and existing technologies can be used to create a knowledge
management system that meets the needs of the organization.



                                                                                               3
What is Knowledge Management?

Knowledge management is understood to be an umbrella term encompassing the many unique
but related facets of knowledge – exchange,transfer and uptake among them. While there is no
universally accepted definition of KM, most are extremely similar. For this paper, the working
definition of knowledge management has been determined to be“... the systematic process by
which knowledge needed for an organization to succeed is created, captured, shared and
leveraged.
Decision making on knowledge management, networks can adopt a strategy for knowledge
management which takes positive steps to examine and prioritise actions around the elements in
the Table below. It may not be possible or feasible to address all of these however tackling some
of them may serve to raise the profile and relevance of the network more than others. The table
may be used both as a tool for action but also as a tool for self assessment on the subject of
knowledge management.


How well do we perform knowledge management?

Good shows that the output has been achieved
Improving shows there is awareness about the importance of the output and action
is being taken
Needs more attention shows the output is not yet being addressed or considered important.


The Role of Technology in Knowledge Management

Two distinct factions exist in the knowledge management world. Those who maintain that
organizational behavior and individual socialization determine how much knowledge passes
between individuals generally believe that technology is not the answer. Rather, they see
technology as merely a distraction from issues such as change management, culture and
leadership. Information technology evangelists who focus on technology as the solution to the
knowledge management question occupy the other end of the spectrum.
                                                                                               4
Most case studies to date, however, have shown that a successful knowledge management
program requires a change in organizational behavior and in technology infrastructure.
Technology is not the solution to an organization’s knowledge management needs, however it is
required to enable the organization’s knowledge management processes.


The knowledge chain

Fundamental to the practical definition of knowledge management is the concept of the
knowledge chain.


» internal awareness;
» internal responsiveness;
» external responsiveness;
» external awareness;


Internal awareness

In its simplest terms, internal awareness is the ability of an organization to quickly assess its
inventory of skills and core competency. It is the awareness of past history in terms of talent,
know-how, interaction, process performance, and communities of practice. Strong emphasis on
functional organization structures, which often permeate traditional companies, inhibits the
development of internal awareness. Organizations with a rigid functional structure most often
define their core competency as their products and services, not their skills. Strong internal
awareness is built on an ongoing challenge of what is done and a focus on what is possible.




Internal responsiveness


                                                                                               5
Internal responsiveness is the ability to exploit internal awareness. Internal responsiveness
considers how quickly competencies can be translated into actions to bring a product to market
or respond to a customer need


External responsiveness

External responsiveness is the ability to best meet the requirements of the market. When all is
said and done, an organization’s ability to better satisfy this cell in the knowledge chain than its
competitors will determine its success or failure. External responsiveness is measured by the
ability to effectively respond to opportunities and threats outside of the organization in a timely
manner. This is the essence of competitive advantage – a level of responsiveness to
environmental conditions that is significantly faster than that of its competitors.


External awareness

External awareness is the mirror image of internal awareness. It is the organization’s ability to
understand how the market perceives the value associated with its products and services, to
understand who are its customers, what those customers want, who are their competitors,
competencies of competitors, market trends, competitive actions, government regulations, and
any other relevant market forces that exist outside the organization itself. When coupled with
internal awareness, external awareness may lead to entirely new markets. External awareness is
one of the cornerstones of the Internet, where new business models are sprouting up at an
unprecedented pace. The velocity of the Internet provides an incredible opportunity to act upon
the market’s reaction to new products. However, new models for capturing market responses are
just as critical.




Benefits of Knowledge Management System


                                                                                                  6
Creating an enterprise-wide knowledge management system is not a simple task. However, the
benefits of a well-designed system are immense:


Awareness: Everyone knows where to go to find the organization’s knowledge, saving people
time and effort.
Accessibility: All individuals can use the organization’s combined knowledge and experience in
the context of their own roles.
Availability: Knowledge is usable wherever it is needed whether from the home office, on the
road or at the customer’s side. This enables increased responsiveness to customers, partners and
coworkers.
Timeliness: Knowledge is available whenever it is needed, eliminating time-wasting distribution
of information just in case people are interested.
The Importance of People to KM
An essential thread that runs throughout the four components of KM is the need for skilled
Staff attached to each core function. Therefore, capacity-building efforts with public health
Staff through a variety of methods and tools are critical to the success of KM. “Learning and
knowledge are not organizational functions. They happen to and through individual people.
An organization only ‘learns’ when an individual is able to impart the understanding to or
change the behaviour of the organization as a whole”
While culture, content, process and technology are important, “they do not do knowledge
management. Unless you are able to involve practitioners actively in the process, your ability
to truly manage knowledge assets is going to remain seriously limited. It is their knowledge”




Key Features of Knowledge Management System


                                                                                                 7
Although individual knowledge management systems are as different as each individual
organization, they share many basic features.


Open and Distributed


By definition, a knowledge management system unifies existing knowledge silos. Standard
protocols and application programming interfaces (APIs) enable integration among systems such
as groupware, e-mail, document management and directory services. In implementing a unifying
system, organizations must ensure that the information architecture is flexible enough to meet the
evolving needs of individual organizations. Knowledge management systems must also be able
to be distributed over various host computers and physical locations. The system should allow
system administration from any location by using HTML, Java applets or ActiveX controls that
are accessible through any compatible web browser.


Customizable


All organizations and large organizations in particular require an extremely customizable
knowledge management system. The system should supply user interfaces in the form of
templates so users can easily customize them using tools such as HTML and JavaScript. A robust
knowledge management system should allow easy integration of existing and new applications.
It must include documented application programming interfaces (APIs) and software developer
toolkits (SDKs) that allow the organization to link systems to each other. For example, if the
system administrator links a monitoring system to a technical documentation repository, he or
she can push the appropriate technical documentation directly to a repair technician when the
monitoring system senses that a system is malfunctioning.




Measurable




                                                                                                8
Measurement is a critical aspect of any knowledge management effort to strike the right balance
between organizational and technological changes. Only by quantifying and processing the
results can organizations determine if the systems are having the desired effect. A knowledge
management system includes tools that allow managers to measure and verify usage to get a
clear picture of how the system is being used, locate performance bottlenecks and, most
importantly, use the data to improve organizational knowledge transfer processes.


Secure


While traditional applications usually require the administrator to grant access to those who need
particular information, knowledge management applications focus on maximizing access to
knowledge. Therefore they are more likely to require the administrator to prohibit access to
specific content areas to those workers who should not have access to them. However, this does
not mean that knowledge management systems do not have security. A knowledge management
system needs to provide secure repositories and preserve security models present in existing
knowledge silos where appropriate, while allowing access across the organization to those who
need it.




Barriers to KM

• It’s not convenient.
• They don’t know what they know.
• They don’t know the value of what they know.
• They believe knowledge hoarding is job security.
• They don’t get credit for it.
• They don’t have the time.
• They take pride in their expertise.
• They enjoy interacting with peers.
• They wish to learn.
                                                                                                9
• They expect others to reciprocate.
• Their culture encourages sharing.
• They are loyal to the organization.


Evaluating knowledge management

   •   outcomes measures that reflect attainment of financial, clinical or operational
       performance
   •   process measures that track activity that is expected to yield results.
   •   satisfaction measures that track improvements in employee attitude, physician
       engagement,and consumer satisfaction with the care process


Conclusion

Knowledge Management appears to have the support of most major organisations. Many
companies are still struggling to quantify benefits that can be displayed on the balance sheet,
although some like BP Amoco, Shell and Chevron have shown some quantified benefits. More
natural everyday processes will probably succeed the pilot initiatives with an emphasis on how
knowledge can be re-used for idea generation.




                                                                                            10

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Knowledge management: A paper presentation on current scenario in management

  • 1. A paper presentation On Knowledge management At State Level Seminar on Current Scenario in Management 11th February 2012 Organized by: N. R. Vekaria Institute of Business Management Studies Bilkha Road-Junagadh Submitted by: jignesh vamja Mo: 9426128003 Email id: jsvamja@yahoo.com 1
  • 2. INDEX SR. No. PERTICULARS PAGE NO. 1. Introduction 3 2 Concept of knowledge management 4 3 Knowledge chain 5 4 Benefits of Knowledge Management System 7 5 Features of Knowledge Management 8 6 Barriers to KM 9 7 Evaluating knowledge management 10 8 conclusion 10 2
  • 3. KNOWLEDGE MANAGEMENT Introduction Under increasing competitive pressure, many companies are examining how they can better manage their intellectual capital. As the pace of global competition quickens, executives realize that their edge lies in more efficiently transferring knowledge across the organization. The emerging field of knowledge management addresses the broad processes of locating, organizing, transferring and more efficiently using information and expertise within an organization. New market forces and infrastructure changes have prompted an interest in knowledge management. Market forces include new corporate models that emphasize corporate growth and efficiency, the need for cycle time reduction, knowledge lost from downsizing and the need to share information across the organization, which often means across the globe. To lower these barriers to sharing knowledge, leading executives recognize the need to institute new knowledge-centric practices. Information technology plays an important role in enabling these processes across distributed enterprises. What executives want to avoid, however, is the cost and disruption of a wholesale change to the organization’s information systems. The promise of technologies aimed at knowledge management is that they will help organizations use the knowledge they have more efficiently without changing the tools they currently use to create it and process it. This is the promise, but unfortunately what many software vendors tout as knowledge management systems are only existing information retrieval engines, groupware systems or document management systems with a new marketing tagline. What executives really need are new technologies designed to implement the revolutionary changes in the way knowledge workers create, communicate and manage knowledge. To help answer that question, this white paper examines the practical aspects of knowledge management and evaluates how various new and existing technologies can be used to create a knowledge management system that meets the needs of the organization. 3
  • 4. What is Knowledge Management? Knowledge management is understood to be an umbrella term encompassing the many unique but related facets of knowledge – exchange,transfer and uptake among them. While there is no universally accepted definition of KM, most are extremely similar. For this paper, the working definition of knowledge management has been determined to be“... the systematic process by which knowledge needed for an organization to succeed is created, captured, shared and leveraged. Decision making on knowledge management, networks can adopt a strategy for knowledge management which takes positive steps to examine and prioritise actions around the elements in the Table below. It may not be possible or feasible to address all of these however tackling some of them may serve to raise the profile and relevance of the network more than others. The table may be used both as a tool for action but also as a tool for self assessment on the subject of knowledge management. How well do we perform knowledge management? Good shows that the output has been achieved Improving shows there is awareness about the importance of the output and action is being taken Needs more attention shows the output is not yet being addressed or considered important. The Role of Technology in Knowledge Management Two distinct factions exist in the knowledge management world. Those who maintain that organizational behavior and individual socialization determine how much knowledge passes between individuals generally believe that technology is not the answer. Rather, they see technology as merely a distraction from issues such as change management, culture and leadership. Information technology evangelists who focus on technology as the solution to the knowledge management question occupy the other end of the spectrum. 4
  • 5. Most case studies to date, however, have shown that a successful knowledge management program requires a change in organizational behavior and in technology infrastructure. Technology is not the solution to an organization’s knowledge management needs, however it is required to enable the organization’s knowledge management processes. The knowledge chain Fundamental to the practical definition of knowledge management is the concept of the knowledge chain. » internal awareness; » internal responsiveness; » external responsiveness; » external awareness; Internal awareness In its simplest terms, internal awareness is the ability of an organization to quickly assess its inventory of skills and core competency. It is the awareness of past history in terms of talent, know-how, interaction, process performance, and communities of practice. Strong emphasis on functional organization structures, which often permeate traditional companies, inhibits the development of internal awareness. Organizations with a rigid functional structure most often define their core competency as their products and services, not their skills. Strong internal awareness is built on an ongoing challenge of what is done and a focus on what is possible. Internal responsiveness 5
  • 6. Internal responsiveness is the ability to exploit internal awareness. Internal responsiveness considers how quickly competencies can be translated into actions to bring a product to market or respond to a customer need External responsiveness External responsiveness is the ability to best meet the requirements of the market. When all is said and done, an organization’s ability to better satisfy this cell in the knowledge chain than its competitors will determine its success or failure. External responsiveness is measured by the ability to effectively respond to opportunities and threats outside of the organization in a timely manner. This is the essence of competitive advantage – a level of responsiveness to environmental conditions that is significantly faster than that of its competitors. External awareness External awareness is the mirror image of internal awareness. It is the organization’s ability to understand how the market perceives the value associated with its products and services, to understand who are its customers, what those customers want, who are their competitors, competencies of competitors, market trends, competitive actions, government regulations, and any other relevant market forces that exist outside the organization itself. When coupled with internal awareness, external awareness may lead to entirely new markets. External awareness is one of the cornerstones of the Internet, where new business models are sprouting up at an unprecedented pace. The velocity of the Internet provides an incredible opportunity to act upon the market’s reaction to new products. However, new models for capturing market responses are just as critical. Benefits of Knowledge Management System 6
  • 7. Creating an enterprise-wide knowledge management system is not a simple task. However, the benefits of a well-designed system are immense: Awareness: Everyone knows where to go to find the organization’s knowledge, saving people time and effort. Accessibility: All individuals can use the organization’s combined knowledge and experience in the context of their own roles. Availability: Knowledge is usable wherever it is needed whether from the home office, on the road or at the customer’s side. This enables increased responsiveness to customers, partners and coworkers. Timeliness: Knowledge is available whenever it is needed, eliminating time-wasting distribution of information just in case people are interested. The Importance of People to KM An essential thread that runs throughout the four components of KM is the need for skilled Staff attached to each core function. Therefore, capacity-building efforts with public health Staff through a variety of methods and tools are critical to the success of KM. “Learning and knowledge are not organizational functions. They happen to and through individual people. An organization only ‘learns’ when an individual is able to impart the understanding to or change the behaviour of the organization as a whole” While culture, content, process and technology are important, “they do not do knowledge management. Unless you are able to involve practitioners actively in the process, your ability to truly manage knowledge assets is going to remain seriously limited. It is their knowledge” Key Features of Knowledge Management System 7
  • 8. Although individual knowledge management systems are as different as each individual organization, they share many basic features. Open and Distributed By definition, a knowledge management system unifies existing knowledge silos. Standard protocols and application programming interfaces (APIs) enable integration among systems such as groupware, e-mail, document management and directory services. In implementing a unifying system, organizations must ensure that the information architecture is flexible enough to meet the evolving needs of individual organizations. Knowledge management systems must also be able to be distributed over various host computers and physical locations. The system should allow system administration from any location by using HTML, Java applets or ActiveX controls that are accessible through any compatible web browser. Customizable All organizations and large organizations in particular require an extremely customizable knowledge management system. The system should supply user interfaces in the form of templates so users can easily customize them using tools such as HTML and JavaScript. A robust knowledge management system should allow easy integration of existing and new applications. It must include documented application programming interfaces (APIs) and software developer toolkits (SDKs) that allow the organization to link systems to each other. For example, if the system administrator links a monitoring system to a technical documentation repository, he or she can push the appropriate technical documentation directly to a repair technician when the monitoring system senses that a system is malfunctioning. Measurable 8
  • 9. Measurement is a critical aspect of any knowledge management effort to strike the right balance between organizational and technological changes. Only by quantifying and processing the results can organizations determine if the systems are having the desired effect. A knowledge management system includes tools that allow managers to measure and verify usage to get a clear picture of how the system is being used, locate performance bottlenecks and, most importantly, use the data to improve organizational knowledge transfer processes. Secure While traditional applications usually require the administrator to grant access to those who need particular information, knowledge management applications focus on maximizing access to knowledge. Therefore they are more likely to require the administrator to prohibit access to specific content areas to those workers who should not have access to them. However, this does not mean that knowledge management systems do not have security. A knowledge management system needs to provide secure repositories and preserve security models present in existing knowledge silos where appropriate, while allowing access across the organization to those who need it. Barriers to KM • It’s not convenient. • They don’t know what they know. • They don’t know the value of what they know. • They believe knowledge hoarding is job security. • They don’t get credit for it. • They don’t have the time. • They take pride in their expertise. • They enjoy interacting with peers. • They wish to learn. 9
  • 10. • They expect others to reciprocate. • Their culture encourages sharing. • They are loyal to the organization. Evaluating knowledge management • outcomes measures that reflect attainment of financial, clinical or operational performance • process measures that track activity that is expected to yield results. • satisfaction measures that track improvements in employee attitude, physician engagement,and consumer satisfaction with the care process Conclusion Knowledge Management appears to have the support of most major organisations. Many companies are still struggling to quantify benefits that can be displayed on the balance sheet, although some like BP Amoco, Shell and Chevron have shown some quantified benefits. More natural everyday processes will probably succeed the pilot initiatives with an emphasis on how knowledge can be re-used for idea generation. 10