Research method for managers – Essay Example

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This is because it circulates within an enterprise where it creates knowledge assets, and also influences the way in which an enterprise performs (Holt, et al. , 2004). As a result, it has a number of multi-faceted traits, such as state of having a good access to information, object, state of mind, or the potential that affects actions in the future (Chai, et al. , 2011). Knowledge management refers to a systematic process that targets capturing as well as communicating knowledge to people for them so use. Other people regard knowledge management as understanding your knowledge assets, and how you can generate profits from them.

To understand knowledge management in simple terms, it implies sharing what you have with other people. Based on these illustrations, the emphasis of knowledge management is to emphasize on the knowhow of humans and the manner in which it helps to bring value to an enterprise. However, it is not easy to utilize the expertise of an individual to realize maximum returns in an enterprise (Chai, et al. , 2011). As a result, knowledge management is applied to create room for disciplined and systematic actions that an organization can adopt so as to realize value from the knowledge that is has available to it (UNC, 2013).

In this perspective, knowledge targets people’s understanding and experiences towards an organization, and sources of information such as reports and documents that are available inside an enterprise as well as the surrounding environment (Wickramasinghe, 2010). Effective management of knowledge demands an effective combination of social, organizational, and managerial initiatives that go along with it, especially with respect to the deployment of relevant knowledge (Coakes, 2003).

Also, frameworks for Evaluating Performance of Knowledge Management must be adopted in Organizational Performance. So as to manage knowledge in a successful manner, it deserves to be measured. However, it is not yet clear how this move can be enacted (Levinson, 2014). Measuring the amount of contribution that knowledge management makes towards an organization poses challenges because it is not tangible. Practitioners of knowledge management are usually requested to provide empirical evidence on its contribution towards realizing the objectives of a corporation (Coakes, 2003). However, it is not possible to come up with proper measurement since knowledge cannot be measured.

It is not simple to evaluate the impact that knowledge management has on the performance of an organization since this issue is not the only one that influences the performance of an enterprise.

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