5 Questions
What is the role of knowledge in the emerging competitive environment?
Knowledge plays an increasingly important role in emphasizing product and service quality, responsiveness, diversity, and customization in the competitive environment.
Why did most professional managers in the mid-1980s not realize the importance of Knowledge Management (KM)?
Most professional managers did not realize the importance of explicit and systematic Knowledge Management (KM) because little attention had been given to managing professional intellect, and the management of explicit knowledge using technical approaches was not widely known.
What is the fundamental factor behind an enterprise's success and all its activities?
Knowledge is the fundamental factor behind an enterprise's success and all its activities.
What spurs the efforts for creating and generating value from knowledge assets within an organization?
Personal beliefs paired with strong convictions that competitive knowledge assets and their effective utilization are critical for success spur the efforts for creating and generating value from knowledge assets within an organization.
What notion deals with the management of explicit knowledge using technical approaches?
One notion deals with the management of explicit knowledge using technical approaches.
Study Notes
Knowledge Management in Competitive Environment
- In the emerging competitive environment, knowledge plays a vital role in an organization's success.
- Knowledge is the fundamental factor behind an enterprise's success and all its activities.
Importance of Knowledge Management
- In the mid-1980s, most professional managers did not realize the importance of Knowledge Management (KM).
Value Creation from Knowledge Assets
- The recognition of knowledge as a valuable asset spurs the efforts for creating and generating value from knowledge assets within an organization.
Technical Approaches to Knowledge Management
- The notion of explicit knowledge management deals with the management of explicit knowledge using technical approaches.
Test your knowledge of Knowledge Management with this quiz covering topics such as working definitions, economics and strategy, evolutionary perspectives, and broader perspectives. Challenge yourself and expand your understanding of managing knowledge in organizations.
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