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The IUP Journal of Knowledge Management
Focus

Knowledge Audit (KA) is a systematic way of determining the level of critical knowledge in an organization and its entities. It discovers, analyzes, measures and evaluates the organization’s knowledge needs, the existing knowledge assets, knowledge gaps, the flow of knowledge within the organization and the hindrances for the flow. It plays a crucial role in developing Knowledge Management (KM) strategy by examining the health of an organization’s knowledge. According to Chong and Chong (2009), business strategy, organizational structure, KM team, knowledge map and KA form the five preliminary success factors for effective KM in an organization. There are several techniques to conduct a KA and most of them involve identifying the organization’s knowledge needs, drawing up a knowledge inventory, analyzing knowledge flows, creating a knowledge map, and checking for any other knowledge gaps. In the first paper, “A Methodology for Documenting Key Knowledge Through the Application of Knowledge Audit Techniques: The Case of a Mexican Pulp Company”, the authors, Alonso Perez-Soltero, Rosario Alvarez-Quijada, Mario Barcelo-Valenzuela and Andres Diaz-Valladares, have proposed a methodology based on the application of KA tools to structure and document the process of development of new products, by assuring quality in the finished products under ISO 9001-2008 model. The methodology was built on three major steps: (1) Auditing knowledge to develop new products; (2) Identifying problems in product development and solving them; and (3) Documentation of results based on ISO 9001-2008. To validate their methodology, the authors implemented the same in a Northwest Mexican company dealing with design and production of all kinds of molded pulp packaging. With the success achieved, the authors have expressed their confidence in the application of the proposed model to organizations that are developing new products or systems.

According to Ron Young (2010), there are four major dimensions of KM: (1) Personal KM; (2) Team KM; (3) Organizational KM; and (4) Inter-organizational KM. In the second paper, “Knowledge Dimensions to Monitor Knowledge Growth in Service Sector”, the author, Deepa Ittimani Tholath, has investigated the status of monitoring knowledge growth in the service sector, focusing on banking. The author has analyzed nine KM dimensions—nature of service, role of workers, location of knowledge, nature of problem, natural organizational type, suitability for automation, ease of transfer, feasible product variety and quality control.

The sample consisting of 400 respondents, covering both the employees and customers of banks, was categorized into four groups. Some common factors relating to knowledge growth of the banks were reported with slight variations from one category to other category of banks. Finally, it is suggested that while installing a KM system in a typical service industry, various factors that are to be monitored include: nature of the service and suitability for automation along with two complementary factors of quality control and nature of problem solving.

According to Warfield (1974) and Sage (1977), Interpretive Structual Modeling (ISM) is an interactive learning process, wherein a set of different elements which are directly and indirectly related are structured into a comprehensive systematic model. In the third paper, “Modeling of Knowledge Management Technologies: An ISM Approach”, the authors, A K Singh, M D Singh and B P Sharma, begin their study with identification of 24 KM Technologies (KMTs) from a literature review, as basic facilitators to enhance knowledge among the employees of the industries. They use the ISM methodology to develop a hierarchy of these KMTs according to their driving power. Based on the opinion of experts regarding the relationship existing between different pairs of KMTs, a Structural Self-Interaction Matrix (SSIM) is developed. SSIM is then converted into an initial reachability matrix by transforming the information of each cell of SSIM into binary digits. Finally, MICMAC analysis, which is a cross impact matrix multiplication applied to classification, is applied to analyze the driving power and dependence power of KMTs in order to identify the key KMTs that drive the system into various categories. This results in the classification of KMTs into four categories—autonomous, linkage, dependent and driver. Managers are recommended to make decisions and strategies keeping in view that those KMTs possessing higher driving power in the ISM model need to be enabled on a priority basis, followed by others.

Search Engine Marketing (SEM) is a type of Internet marketing to promote websites by increasing their visibility in Search Engine Results Pages (SERPs) through optimization and advertising. SEM consists of a number of different skills, including Search Engine Optimization (SEO), Pay Per Click (PPC), etc. SEM uses SEO to adjust or rewrite website content so as to achieve a higher ranking SERPs or use PPC listings. According to Osama Fayyad et al. (1996), knowledge discovery is the non-trivial process of identifying valid, novel, potentially useful, and ultimately understandable patterns in data. In the last paper, “Search Engine Marketing: Does the Knowledge Discovery Process Help Online Retailers?”, the author, Tapan K Panda, has examined the advantages and uses of SEM as a User-led Knowledge Discovery Process (UKDP) for online retailers. The author has developed hypotheses to be tested to get a holistic view, and tested the key constructs selected for measurement for their validity and reliability with the help of Cronbach’s alpha and Confirmatory Factor Analysis (CFA) with a sample size of 103 online shoppers. The focus is on the analysis of knowledge discovery process and customer preferences of page location of the search pages. It is reported that the positioning of advertisements in SERPs plays a key role in generating traffic for the website. PPC framework is found to be more effective than SEO framework.

-- Nasina Jigeesh
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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