Knowledge management Essay Example | Topics and Well Written Essays - 1000 words

Knowledge management - Essay Example Most huge profit seeking companies and non-profit companies have dedicated their resources to efforts towards managing internal Knowledge as a business strategy. However, they usually seek consultancy services from companies specialized in providing knowledge management services. This companies focus on knowledge management and sharing as a business strategy in an effort towards achieving competitive advantage, high performance, continuous improvement, and innovation in the organization (Rollett 6). Knowledge management encompasses a number of perspectives such as techno centric, ecological, and organizational perspectives. Techno centric perspective focuses on technological practices that enhance creation and sharing of knowledge while organizational perspective focuses on organization structure that facilitates best knowledge processes. On the other hand, ecological perspectives focus on complex adaptive system through interaction of knowledge, people, and the environment with rega rds to the ecosystem. In general, terms, the core components of Knowledge management are the technological aspects, people, organization structure, and processes. Knowledge Management Dimensions Varying dimensions of Knowledge can be distinguished by different frameworks with regards to tacit and explicit knowledge. Explicit knowledge is the kind of knowledge that people hold in their minds consciously in a form where the individual can decide to communicate the knowledge to others. On the other hand, tacit knowledge is the knowledge that is internalized in an individual mind and the person holding the knowledge is not consciously aware about the application and sharing of the knowledge. Basically, the contextual perspective of knowledge refers to conditions where knowledge can be stored easily since it can be codified while on the other hand, knowledge aspects recognizes perspectives where knowledge sharing poses a difficulty and even an impossibility outside the particular site wh ere it was initially develop. However, there are possibilities of successfully converting tacit knowledge that is internalized into explicit knowledge that will enable easy sharing of the knowledge. The conversion processes needs to enable individuals to internalize the knowledge and come up with codified knowledge that is meaningful to third parties accessing the information. Conversion of tacit knowledge into explicit knowledge entails simplification of the complex knowledge and thus beats the logic of its complexity particularly in case of oversimplification. More to the tacit and explicit knowledge framework is the embedded verses embodied knowledge differentiation framework and new verses established knowledge framework. Embedded knowledge concerns knowledge embedded in an information system designed outside a human mind individual while embodied knowledge is kind of knowledge established in the human mind of an individual with learned capabilities in the endocrine and nervous system (Gottschalk 13). On the other hand, distinction framework exists between new knowledge exploratory creation and innovation verses the exploitation and transfer of knowledge that is already established in an