Personnel Management: Meaning, Nature and its Functions
Personnel management can be defined as obtaining, using and maintaining a satisfied workforce. It is a significant part of management concerned with employees at work and with their relationship within the organization. According to Flippo, “Personnel management is the planning, organizing, compensation, integration and maintainance of people for the purpose of contributing to organizational, individual […]
Processes in Human Resource Management
Each organization works towards the realization of one vision. The same is achieved by formulation of certain strategies and execution of the same, which is done by the HR department. At the base of this strategy formulation lie various processes and the effectiveness of the former lies in the meticulous design of these processes. But […]
Skills that the HR Professionals Need to have to be Successful in the Present Times
The Key Trends that are Upending the Old Order and Resulting in Future Shock The field of Human Resource Management (HRM) is in a flux. With the old ways of doing things becoming obsolete and the new means of success yet to be crystallized, Human Resource (HR) professionals everywhere are feeling the need to reinvent […]
Entrepreneurship in Emerging Economies: Boom and Bust and Business Models
A New Haven for Western Capital Ever since the opening up of the global economy in the 1990s, several hitherto Third World countries in Asia and Africa began to liberalize and integrate themselves into the global economic system. This meant that there were more chances for entrepreneurs in these countries and from abroad to flourish […]
Implementing Effective Employee Development Plan
Employee development plans are designed to help employees grow both professionally as well as personally. Employee development Plans help employees in their career development. It is essential for employees to enhance their skills and upgrade their existing knowledge with time to survive the changes in the workplace. Implementing Employee Development Plan Effectively Once an employee […]
It has been extensively identified that knowledge is an important aspect for an economy to develop. We are seeing a lot of transformation rapidly happening in our society. Every day we are seeing that we are becoming more and more dependent on knowledge. If this is the case with our societies, the scenario is not much different for organizations. Nowadays, if top management is asked to underline a single resource which is most critical for their organization to achieve and sustain competitive advantage, most of them will be selecting - “Knowledge”. With such an importance to knowledge, managing it has become a serious concern for organizations. An organization which can built excellent process to manage knowledge, certainly will have a competitive edge over its competitors.
Agreeing on the existing concentration by organizations and the character of extreme competition, a critical activity taken up by them is knowledge management.
Knowledge management (KM) cannot be achieved with a single definite activity. It involves an assortment of activities. These are usually referred to be knowledge activities. The utilization of the knowledge activities at the resources connected to knowledge which is limited and assisted through an extensive choice of aspects will result in KM.
Research studies do indicate a number of knowledge activities which are important. Some of them are as below:
Research studies indicate that knowledge transfer deserves the most careful attention among these activities so that the organizations can manage knowledge successfully.
The conveying of knowledge from one member to another member of organization involves knowledge transfer. Though this is a simplified definition, knowledge transfer itself is a complex process. First of it has to be noted that the knowledge conveyed is correct and also it should reach the proper member of the organization. In addition, the timing and form of the knowledge which is conveyed should also be accurate. Above all these aspects, the expense of this conveyance should be within acceptable limit. When all these are achieved, the knowledge transfer can be termed as successful. So as to garner profits of knowledge management, it is critical that knowledge transfer has to be done successfully.
In the existing phase where technologies are rapidly developing to share information, organizations are giving more emphasize to knowledge transfer. In addition to this, it must be noted that the created knowledge will help to attain improved performance for an organization when the transfer process takes place. There is no use in keeping the knowledge at the originating location. It has to be passed to the location where it can be exploited to the advantage of organization. Such an exploitation generates value for the organization, which in turn, bring to it the required competitive advantage. So, it is essential that an organization has to put firm foundation for the process targeted at achieving knowledge transfer.
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