A Supplier Partnering Agreement at the University of Las Vegas
By
Haoyong Chen
An assignment submitted in partial fulfillment of the requirement for MGT 608
School of Business Management
National University
Dr. Farnaz Sharifrazi
December 1st, 2013
Background
Discovery Communications, Inc. is a company that has adopted a new technological advancement in their workflow by implementing knowledge management systems. Discovery Communications is the world’s number one nonfiction media company servicing its consumers with real-world content through documentaries and television programs (Overview & Mission, 2012). The company has adopted the new knowledge management system in order to streamline their system of
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The superior capabilities of knowledge management systems provide an opportunity for the business to engage the most effective components and recognize the importance of communication to make informed, accurate decisions (McGrath, 2001). This system can organize the company’s knowledge resources, knowledge obtaining, organizing, and applying to make a sound routine the will enforce effectiveness (Niu, 2008). The dynamic function of knowledge management to create, capture, and apply knowledge to achieve an organization’s objective will allow them to be more profitable and successful (Zucker, 1986). In addition to increasing profits, the system can be also used to reduce costs and enhance research and development (DeTienne & Jackson, 2001). With all of these advantages, it would be wasteful for a company to not employ knowledge management. As seen in the Discovery Communications, Inc. example, the company can attribute their new productivity levels and increase in ease of securing documents to the knowledge management system that put into place by Carefree Technology. Like Discovery Communications, Inc., knowledge management is so popular today because companies can collect, process and share knowledge to ignite employees ' creativity which in turn will make the business grow. Wenhong and Jianhua (2009) explained the core of knowledge management is to convert company’s knowledge resources into an increased company
In today 's high competitive business world, success is dependent on how efficiently and effectively an organization can develop and utilize its information and knowledge resources(Carlsson etc, 2002). Therefore, there are many dispute on information and knowledge management. The purpose of this essay is to discuss the relationship between Information management(IM) and knowledge management(KM), then argument about whether KM is important for an organization. In order to make sure essay have a clear structure, this essay main divided into four parts (from Part 2 to Part5 ): Part 2 will introduce what is IM and KM, the benefits of IM and KM, the relationships amongst data, information and knowledge, and then this paper will introduce the relationship between IM and KM; Part 3 will analysis case study of good knowledge management in Xerox company; Part 4 will analysis case study of bad knowledge management in NASA; Part 5, this essay will give an argument result to you in conclusion.
The technology is changing rapidly; it is used for the survival of the companies in the market. There are different IT based tools used by the different organisations according to their structure and requirements of the organisation. Some of the IT based tools are: internet, brainstorming sessions, video-conferencing, knowledge maps, and many others.
Knowledge management refers to organising and sharing the various forms of business information created within an organisation (Marakas and O’Brien 2013). Knowledge management is important as it increases the capability of a firm to learn from its environment and to incorporate knowledge into its business processes (Laudon & Laudon 2014).
Knowledge management is not only highlighted on the particular area of subject but rather addresses all conditions of life involving business, information management, economic and psychology. Becerra-Fernandez et al. (2004) represent knowledge management as accomplishing what is needed to maximise out of knowledgeable resources. Based on Awad and Ghaziri (2001) as taken from Malhotra (1999) declared that knowledge management contributes to the serious concerns of organizational adaption, survival and competence in the form of discontinuous environment. Essentially, it represents organizational measures that pursue collegial combination of input, information conversion movement of information technology, the creative and innovative capacity of human
Knowledge management can be very essential to people in leadership positions that is required to make executive decisions on behalf of a company or organization. However, it is necessary for individuals holding such position to have a thorough understanding of the knowledge management process. Therefore, this paper discusses the best practices for creating and implementing a knowledge management project and discuss measurements, metrics and potential resources for data exists and how each are incorporated into the design of a system.
Like many emerging business processes rooted in technology, knowledge management is defined somewhat differently by different organizations, and by different individuals within those organizations. Some organizations see knowledge management as
World was moving from industrial to knowledge-based economy. Organizations have changed their focus from process re-engineering to achieve results into encouraging employees to implement their knowledge and expertise in achieving efficiency of business. In a rapidly changing technology landscape, knowledge sharing presents a unique challenge for businesses and enterprises. Few factors defining today’s knowledge industry:
Improving the management of information has since long been a major challenge which organizations are failing to address even after consistent efforts. With technology evolving there are better ways to keep your knowledge assets safe and in a systematic way with use of information technology and information systems. IT is not just about computers but also about those tools that are used for transmission of tacit knowledge and patenting those intellectual assets. It is time to stop limiting Information Technology for just storage of knowledge but to use it as a potential aid to help in knowledge dissemination. Dougherty (1999) argues that Information Technology should be seen as a tool to assist the process of Knowledge Management in organizations. Such a process relies more on the face-to-face interaction of people than on static reports and databases (Davenport and Prusak, 1998). In a brief nutshell there is a synergy formed when Knowledge Management
Many large companies have resources dedicated to Knowledge Management, often as a part of 'Information Technology ' or 'Human Resource Management ' departments. Knowledge Management is a multi-billion dollar world wide market.
Knowledge is something that comes from information processed by using data. It includes experience, values, insights, and contextual information and helps in evaluation and incorporation of new experiences and creation of new knowledge. People use their knowledge in making decisions as well as many other actions. In the last few years, many organizations realize they own a vast amount of knowledge and that this knowledge needs to be managed in order to be useful. “Knowledge management (KM) system” is a phrase that is used to describe the
Knowledge management defines the current use of the terms and identifies the core concept of managing knowledge in an organization (Atwood, 2009). The goal of Knowledge Management (KM) initiative is to improve the collective intelligence, or collective mind of the organizations and the resulting systematic coordination of knowledge ensures that the organization meets the customers’ needs (Quinn 1992, as cited in Maier 2004). According to the case study Langley Files, the company analyzed is the Central Intelligence Agency (CIA). The
In order for public and private organizations to exploit and manage knowledge in their daily processes and integrate knowledge management in their strategic planning, the managers of the organizations must know the actual meaning of knowledge. Right now, the three-knowledge management models being used in organizations are Nonaka and Takeuci’s (knowledge spiral), Firestone and McElroy’s (knowledge life cycle) snowden’s (Cynefin Model) (Heaidari, Khanifar & Moghimi, 2011).
The process of collecting, transferring, storing and making information useful is also known as knowledge management. In this, the organization is enabled to grow, adapt to changes and meet customer demands. The information age has a most certain influence on how the organization manages knowledge. This is true of whether that knowledge is unique to the organization, or shared to external organizations. Today there are various ways to collect and compile data and turn that data into useful information; however, without the use of knowledge management, then data, information, and knowledge is lost or misused. Through the knowledge management process the organization has the ability to learn as an organization. This is
Knowledge management (KM) is the name given to the set of systematic and regimented actions that an organization can take to attain the maximum value from the knowledge available to it. Effective knowledge management normally requires a proper amalgamation of organizational, social, and managerial initiatives along with exploitation of apposite technology.
The aim of this report is to analyze the information that is being captured and how different ways are being initiated by these organizations to gather significant amount of information and connect partner organizations that exist across the world with different boundaries and different partner locations. In the process, we study the approach to knowledge management and make comparison with the appropriate literature presented to us during the course of our lectures.