Knowledge Management At World Bank

Knowledge is considered as one of the most important and competitive resource for sustenance of the organisation (Zack, 1999). It can be compared to the strategic resource that can be used and applied in various frames of the organisation. Experienced managers in the organisations believe that company can receive strategic advantage through knowledge and not the strategies or actions implemented by competitors. Knowledge can be regarded as a strong approach that opens numerous ways of success. It is that weapon that help organisation to evaluate solutions in financial and other professional difficulties.

This chapter reviews the related literature on knowledge management. It is divided into five main sections. The first section presents conceptual framework for the study elucidating key concepts of the study. The second section discusses the theoretical framework where key theories informing the study are discussed. In this section knowledge management theories and models are discussed and linked to the study. Section three reviews a critical review of the existing literature on the subject of knowledge management. In this section empirical studies are interrogated and critiqued to identify important variables which are relevant in this study. The current international knowledge coordination systems and knowledge management best practices will be evaluated. The literature review ends with a discussion of knowledge management critical success factors (knowledge enablers) related to the objectives of this study. The need for top management commitment in knowledge management processes is examined. The effect of organizational

Between Marvin Bower, Ron Daniel, and Fred Gluck, who was the most effective strategic leader? Why do you think so?

With the benefit of hindsight, it is apparent that in the knowledge era, creating and leveraging knowledge is the business of business. By all available measures, the stock market is already providing handsome rewards to companies that successfully leverage their knowledge--a phenomenon that will almost surely grow in significance as knowledge-based organizations increase in size and number. A number of firms are anticipating this and looking to knowledge management to enhance, measure, and manage the knowledge of their employees and organizations more effectively.

McKinsey & Company was founded in 1926 as the Accounting and Engineering Advisors and it grew rapidly. The case describes the steps taken by McKinsey & Company to transform the firm into "snowball makers" and "snowball throwers."

Since the mid-1990s, knowledge management has become increasingly significant for business managers and companies. ‘It is broadly accepted that systematic knowledge management is tightly linked with gaining and sustaining competitive advantage.’ (Bogner & Bansal, 2007, p658-6 as cited in Hislop, 2009, p1) The definition of knowledge management is various because of the wide range of this concept and its complexity (Al-Hawamdeh, 2003). For example, the broad definition provided by McAdam and McCreedy (2000, p155 as cited in Hislop 2009, p53) note that: ‘KM relates to the management of anything classified as knowledge’ Furthermore, Hislop (2009, p59)

Knowledge Management can make a significant difference between ongoing or successful ventures of any organization in a world of accelerating change. Knowledge Management provides the ability to connect and cooperate complex ideas efficiently and can be beneficial even to expand when using strategic alliances. To make Knowledge Management work in an

Within the Army organizations of today knowledge management plays a huge role in the dissemination of information to the unit and it’s soldiers. This is no different for the aviation unit in which I operate. This information can be found in FM 6-01.1, Knowledge Management Operations. It defines knowledge management as the process of enabling knowledge flow to enhance shared understanding, learning, and decision-making. But when the unit was surveyed about their understanding of knowledge management the results were surprising.

Knowledge as Power: Since the emergence of knowledge based economy, one’s power has been considered in association with his/her possession of knowledge (Heizman, 2011; Mudambi&Navarra, 2004). Knowledge and power are intrinsically related. This is because knowledge creates space for the exercise of power; the exercise of power, in return, makes the control of knowledge possible (Foucault, 1980).Such relationship constitutes the knowledge-as-power argument, which implies that keeping knowledge circumscribed confers power. It is considered to be a major focus area in knowledge and learning industry in the fast growing competitive world. Knowledge Management Development and sharing helps the organization to develop group dynamics and group activity

Knowledge is increasingly significant as a major source of wealth at all stages of an economy. These knowledge assets collect from different options such as: Knowledge based database, internal interface and users. This study tries to present the relation between Knowledge Management and Knowledge Economy. An organization's capability to quickly tap into wisdom gives it a competitive framework in the marketplace. Knowledge economy is displacing capital, natural resources, and labor as the basic economic resources. This Paper emphasizes the major principles of knowledge of society and their consequences that give the better impact on the movement to paradigm to knowledge economy. Further, we discussed organization competitiveness represent as a critical success factor for modern organizations. At last in this paper we

According to Lynch (2011), knowledge is known as a resource of the organization which has to be analyzed. The exploration of knowledge, helped in the creation of new knowledge, which opens up new opportunities for the organization. Knowledge does not only include data and information. It includes recorded information messages and discrete, observable facts about events that occur in an organization.

In Mesopotamia about 5,000 years ago, people began to lose track of the thousands of baked-clay tablets used to record legal contracts, tax assessments, sales, and law. The solution was the start of the first institution dedicated to Knowledge Management, the library. Knowledge Management is the ability to selectively capture, archive, and access the best practices of work-related knowledge and decision making from employees and managers for both individual and group behaviors. It is a deliberate, systematic business optimization strategy that selects, distills stores, organizes, packages, and communicates information essential to the business of a company in a manner that improves employee performance and corporate competitiveness.

Abstract - knowledge management is a discipline that seeks to improve the performance of individuals and organizations by maintaining and influencing the present and future value of knowledge resources. It is an amalgamation of plentiful endeavors and fields of study. This paper provides a framework for distinguishing the various tools like methods, practices and technologies available to knowledge management practitioners. It includes a summary of a number of key terms and concepts, illustrates the framework, imparting examples of how to use it and searching a variety of prospective areas.

We live in an age of unprecedented opportunity: If you 've got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out. But with opportunity comes responsibility. Companies today aren 't managing their employees 'careers; knowledge workers must, effectively, be their own chief executive officers. It 's up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.To do those things well, you 'll need to cultivate a deep understanding of yourself- notonly what your strengths and weaknesses are but also how you learn, how you work with others, what

The following provides a critical review of Knowledge Management (KM) within Defence organisation. Defence is one of Australia’s largest organisations charged with the responsibility to defend Australia and its national interests. Defence is a unique environment which incorporates members of the Australian Defence Force (ADF (Army, Navy and Air Force)), Australian Public Servants (APS) and internal and external contractors. Defence has 11 major organisational groups. Defence organisation is spread nationally and internationally, its complex structure and size creates unique KM challenges.