In today's fast-paced business environment, knowledge management is at the core of every manager's agenda. The varied dimensions of this environment demands continuous and rapid change within the organization. So, management must respond to change or face the inevitable: change or die.
The best single lesson I ever learned was to maximize the intellect of the company. You need to gather the knowledge of individuals, share those ideas and celebrate the sharing. That, in the end, is how a company becomes great.
The ever changing global economy is driving businesses towards challenging environment. To strive in this complex environment, they have to executive strategies faster and more effectively at lesser cost. In fact, they are under constant pressure to improve the performance in every aspect of their operations. It makes difficult for some organizations to provide products and services with sufficient margins to stay in business. The shift from industrial society to knowledge society is increasingly recognizing knowledge as a crucial organizational resource. Unlike in the industrial society, in today's knowledge-based economy, organizations are deriving their value from intellectual assets rather than physical assets. Over the last decade, knowledge management has emerged as one of the key elements for organizations to increase their efficiencies. |
