Knowledge Management for Competitive Advantage Essay

Knowledge Management for Competitive Advantage - Essay Example In this regard, I will place myself as a report writing expert who will submit a report to the CEO of the firm as regards the analysis of their existing policies and how these should be structured and revamped to form an effective knowledge management system and culture within the organization. This is a fictitious company that has been built for structuring a competent knowledge management system. To start with, it has been assumed that this company has a poor knowledge management system. This information has been gathered from brief interviews with the CEO and other officials within the company. Based in the UK since 1998, this firm operates in the following two areas. -Business Transformation: this includes a class of services aimed at carrying out relevant research and applying the interpretation of the data emanating from the same in order to transform the company and render exponential growth to its operational effectiveness. -Systems and technology consultancy: this includes w orking with private as well as public companies and corporations to source and provide information regarding financial services, energy, government and public services, manufacturing and telecommunications, among many others, so as to promote the scope for strategic partnerships between the public and private corporations. IMC has grown from strength to strength in order to show sustainability. It now operates in countries like US, Middle East, Asia Pacific and Europe with an employee scale of over 1800 people.... ource and provide information regarding financial services, energy, government and public services, manufacturing and telecommunications, among many others, so as to promote the scope for strategic partnerships between the public and private corporations. Chapter 1.2: Knowledge Base - Operational Context IMC has grown from strength to strength in order to show sustainability. It now operates in countries like US, Middle East, Asia Pacific and Europe with an employee scale of over 1800 people. As far as the scope of knowledge management goes, this information has various dimensions in terms of factors that influence the scope and process of knowledge management. These factors are as follows: Source: Skyrme (1999)3 This diagram helps us focus on the contextual elements of knowledge management that may be applied to the case of IMC. These elements further help in codifying information through a focus on knowledge centres which helps in garnering intelligence throughout the organisation. Chapter 2: Role of Technology: Codifying Information According to the elements demonstrated in the above diagram, the operational context for knowledge management is one that follows a strategic approach. The guidelines for following the same within this particular organisation are as follows: (Payne, 1996) Converting localised efforts into more integrated efforts on the global front: for this, the company requires to coordinate the flow and transmission of information in a more fluid way so as to transform the local efforts into global one. Departmentalisation of efforts: there must be a series of departments that coordinate the knowledge management process and transmit the relevant knowledge to relevant parties. Categorisation of parties: this refers to the process of