The Competitive Advantages Of Effective Knowledge Management Commerce Essay

The Competitive Advantages Of Effective intimacy circumspection Commerce EssayToday, the future and the value of a company depends on provide the parvenue-fashioned product and service quickly and metrely in order to meet the ineluctably that alship shtupal change in the market. Thus, I believe that friendship is the much importance factor than land or capitals to create a war the like utility for enterprises. And now, this essay allow for deal more virtually the value of managing association and almost competitive advantages that idler be created through companionship management in the company. Then, I would same to cover about the In addition, this essay is as well talk about the leadership and animal trainerial skills in the arrangement by implementing successfully KM. parole ABOUT THE acquaintance MANAGEMENTData, Information, associationNowadays, we atomic number 18 living in an age of information that we dirty dog find easy through television, intern et, magazines and so on But non all information is reliable. Transforming information into intimacy deep down the organization is an advantage. However, not all buss withstand able to do it. Thus, the start-off thing I want to discuss about the difference in the midst of information, information and familiarity in order to transform raw data into meaningful information. Data is the raw material. It bay window be a order of discrete facts and exist in any form such as number, symbols, imaging and so forth Data represents unorganized and un serveed facts. Data is modify into information by adding value through context, sorting, calculating, analysis and evaluation. Information git be considered as a processed data. Data and information be everywhere but companionship is hard to get.You need information in order to get go throughledge. However, acquaintance is not information. Information is single expires cognition when you have able to realize and understand speci fic purpose of it. Knowledge is usually come from learning, thinking or taking experiences in a set officular bea.Knowledge has two types unadorned companionship and tacit knowledge. Explicit knowledge is the visible knowledge. You clear find them easily through book, documents, reports, films, magazines, and so on The explicit knowledge is easily transferable. In contrast, tacit knowledge is the knowledge that put in your mind. Simply, tacit knowledge is the personal experience, skills and hard to transferable. For simulation Each pas seek cook can made Tiramisu cake with distinguishable flavors, although all of them use with the same Tiramisu Cake recipe. Some cake ar delicious, some cake argon bad. Because skilled pastry cook has not shown own experiences in recipe. May be, they can add some peculiar(prenominal) ingredients to puzzle out their cakes with good flavorful. This is the tacit knowledge. They did not apportion their experiences as tumefy as knowledge for e veryone. I think this is the importance aspect in the organization. The managers must look for ways to employees can parcel out tacit knowledge together in a particular sector. Thats besides the objective of knowledge management.Knowledge managementKnowledge vigilance (KM) can be specify as the logical process that help oneselfs people to use knowledge effectively and efficiently. Knowledge management is the process the company uses to measure the value of the understanding value of each employee in the company. Moreover, it is the process used to evaluate and itinerary key metrics associated with the organization of intellectual property can be used to create cave in services, products and value to shareholders of the corporation. There are some different knowledge management life cycles. They are made by Wiig (Wiig Knoeldge management cycle 1993), Zack (Zack Knowledge Management rhythm 1996), Nickols (Nickols Knowledge Management Cycle 1999), McElroy (McElroy Knowledge Management Cycle 1999), Rollet (Rollet Knowledge Management Cycle 2003), Bukowitz Williams (BW Knowledge management cycle 20003). Actually, they have some common stairs and meaning. However, each cycle has its own characteristic. Look at the table down the stairs for comparison.Nickols (1999)Wigg (1993)McElroy (1999)Rollet (2003)Bukowitz Williams (2003)Zack(1996)AcquisitionCreationIndividual and crowd learningPlanning weeAcquisitionOrganizationSourcingKnowledge claim validationCreation exampleRefinementSpecializationComplicationInformation acquisitionIntegrating stop diffusionStore/ accessTransformationKnowledge validationOrganizing sacrificePresentationRetrieveDisseminationKnowledge IntegrationTransferringAssessDistributionApplicationMaintainingBuild/ sustainConservationValue realizationAssessing leachSource Adapted from Kimiz Dalkir, Knowledge Management in Theory and moot (Oxford Elsevier Butterworth, 2005), pp. 27.Competitive advantagesAlthough there are many another(pren ominal) different perspectives on knowledge management, however the general objective of knowledge management is look for ways to employees share and learn knowledge as puff up as experiences together. Thats not only help employees improve the expertise knowledge, but also the knowledge management can create the competitive advantages and enhance value for enterprises.As you know, human resource is the valuable asset in organization. If the organization can use this resource effectively, organization willing become very strong. Knowledge management can give all the employees in organization many opportunities to show ideas and innovation. Therefore, organization can have more opportunities and advantages than competitors. The employees can share expertise knowledge, experiences or passion together. Thats also make all of the employees in organization more closer and understandeach otherbetterIn addition, transforming from tacit knowledge into explicit knowledge is not only help im prove expertise knowledge of employees, but also help the organization have enough capable of responding promptly to the change in personnel. And now, I would like to give you a reality example as well as an incident by not applying knowledge management in organization. It occurred in my familys restaurant in three years ago. When my manager intends to open a restaurant of his own, he has leftover the restaurant. The important thing, he has taken away all the experience, the trade secret and a draw play of good employees and the relationships. Then he became a competitor with my restaurant. During that period, my restaurant encountered a lot of trouble and business performance decreased seriously. Another example, at tammy Viet Group in 2007, a vice president has left the company and he established an own company to direct competitive with the Tam Viet. By applying knowledge management, all these knowledge such as customer relationships, unfinished projects, etc. were acquired an d stored by all other employees. Therefore, Tam Vietnamese were not runed.Additionally, Knowledge management can also give to the enterprise with amply adaptability in the rapidly changing marketplace. The competitors are forever and a day updates their products and services better to meet the demand of customer. Therefore, most of the successful enterprises are always catch information and transfer them rapidly. By applying the knowledge management, the enterprises can easily compete with other competitors. The organization can launch new products with the higher quality than competitors at the same cost. The employees can save time through making decision or solving the problems quickly and exactly.KNOWLEDGE MANAGEMENT ON SUPPORTING MANAGERIAL PRACTICESSimilar to those competitive advantages that I mentioned above, knowledge management can help manager so more than in practices. Firstly, the employees have a freely environment to performance themselves. The employees can share and learn knowledge, experiences, idea together. Therefore, the manager can collects and exploits tacit knowledge or innovation in order to enhance competitor advantage for the organization. Additionally, KM can help manager make decision apropos and exactly by capturing,analyzingandconversingof information logically.In addition, the manager will have enough response to device with changing of the marketplace as well as the human resources.Leadership and managerial skillsA manager needs to have a good leadership to change products, systems and people efficiency. A good leader must have capacity to accelerate the process to decide a matter and to make process elaborate effectively and quickly. It is a difficult problem. A good manager should have more diverse skills in order to have enough capable of discussion all of problems in the organization.The first skill is the information technology (IT) skill. I think this is the key For example in my first internship at ACB bank, I can get information of customer trading history via CIC.org.vn website. You will save more time for get information of customer. Thats progress of technology. Thats also the reason the manager should have a good IT skill to check the management easier and faster. In the high technology age, a good manager should know to take advantage of technology to support for the management and sharing knowledge in the organization. If so, companies will have more competitive advantages than competitors.In addition, a manager should also piss a trust and celebrate relationship with employees. Listening skill is also important. As a manager, you should build an open structure. I mean that you should gap of discrimination between superiors and assistants. The subordinate can easily meet and express freely their opinions to you. Listening will help you clearly understand about your staffs in order to make decisions fairer and more accurate.Lets change the last skill that I want to discuss is the communication skill. In my opinion, communication is the most difficult and complicates skill of the manager. harmonise to John Quincy Adams If your actions inspire others to dream more, learn more, do more and become more, you are a leader. Its a great statement. A manager has to know create motivation for employees in order to they have enthusiasm and try their best to work. The motivation is not only based on the high salary, but also based on the workplace. A manager can adapts communities of practice (COP) program in the company. COP is considered as a group of people hold together by sharing the knowledge, experiences, ideas or something like that. COP program can provide a place for employees in particular areas or require employees work in team to share methods or tacit knowledge and mutual support. Thus, the employees can improve their knowledge learn more about the experiences and more closer. Besides that, manager should also consider one of the challenges of communicati on, the different finishings. Especially is the multinational company. this is a new step to the understanding by employing individuals from various backgrounds, cultures and lifestyles. Perceptual, Cultural and language barriers are a challenge to be overcome when a company work in the global orientated environment. It affects team spirit, work efficiency, directly affect the business situation of the company. Moreover, it is the cause of lack of teamwork, morale low. The different culture can affect a company and its success in sorting of ways.CONCLUTIONIn conclusion, the knowledge management is a new way to condition your company in the future. From the very beginning, the essay discussed some basic sentiment of the knowledge management for you. As you can see the next part talked about the competitive advantages that the company can take from KM. There are so many, for example using human resource effectively, transferring from tacit knowledge to deficit knowledge, etc. More over, the knowledge management will help the managers in many ways. And, of course, the managers have to learn and develop his/her skills to managing knowledge. There are some basic skills that a manager should have are listening skills, IT skills, etc. In the knowledge economy, knowledge management has more impacts on organizations. Applying knowledge management is considered as a key for success organization. The strong organization always has a good knowledge management.R rng trong nn kinh t hin i hng tri thc, vai tr ca qun l tri th l v cng quan trng. Nu khng thc c iu ny mt cch ng n, nguy c tn tht tri thc rt d xy ra v mang li nhng thit hi kh c th tnh ton ht. Tri thc cng nh ngun nhn lc l yu t sng cn cho s tn ti ca mi t chc. Tt nhin, y l mt khi nim cn mi nhng mi t chc cn phi ch ng nghin cu v vn dng sng to. Qun l tt tri thc tc l hiu r c bn thn, bit c im mnh v im yu ca mnh t ra nhng bin php gt hi thnh cng trong nn kinh t tri thc.