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Knowledge Management

Knowledge Management. By: Andrew Mitura. Topics of Discussion:. Introduction: Global Economy and the effects on business Knowledge Management-The Basics: Definition, Focus: Move to Convergence: Employees are getting overworked Creation of new business strategies

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Knowledge Management

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  1. KnowledgeManagement By: Andrew Mitura

  2. Topics of Discussion: • Introduction: • Global Economy and the effects on business • Knowledge Management-The Basics: • Definition, Focus: • Move to Convergence: • Employees are getting overworked • Creation of new business strategies • Competitive Intelligence: • Definition, and Theory of Competitive Intelligence • Be afraid, be very afraid: • Pros and Cons of Knowledge Management

  3. IntroductionThe Global economy and the effects on business • Big companies are winning: http://moneycentral.msn.com/detail/stock_quote?Symbol=WMT

  4. IntroductionThe Global economy and the effects on business • Big companies are winning: http://moneycentral.msn.com/detail/stock_quote?Symbol=US%3AHD

  5. IntroductionThe Global economy and the effects on business • Big companies are winning: http://moneycentral.msn.com/detail/stock_quote?symbol=AMZN&ww=1

  6. IntroductionThe Global economy and the effects on business • Small companies are losing: • Mom and Pop shops, local retailers, family owned and operated businesses. • Have to find their “edge”, to stay competitive. • Have to minimize costs and increase profits. • Send production across the globe, to expense costs. • Make their employees more efficient. • This is the premise of Knowledge Management.

  7. Knowledge ManagementThe Basics: • Definition: • “Comprising a range of practices used in an organization to identify, create, represent, distribute and enable adoption of insights and experiences”. <http://en.wikipedia.org/wiki/Knowledge_management> • Focus: • Improve efficiency • Improve competitive advantage • Improve innovation • Integrate ideas • And expand the knowledge of the organization.

  8. Move to Convergence:Employees are getting overworked • Due to the economy, more and more companies getting stretched thin. Employees are getting asked to do more and more work. So, either the job is achieved, or it is just forgotten about. • The theory of Knowledge Management is to re-think the task at hand. • Use technology to help innovate a new method of achievement. • Ask others for their opinions. • Reevaluating the method of achievement.

  9. Creation of new business strategiesCompetitive Intelligence • Definition: • “Competitive Intelligence is the process of making the company more competitive in the global economy.” <http://en.wikipedia.org/wiki/Competitive_intelligence> • Theory behind Competitive Intelligence: • Setting standards of comparison • Identify risks and opportunities. • Send out test ideas into the economy.

  10. Be afraid, be very afraid:

  11. Sources: “Competitive intelligence” wikipedia.org. 8 June 2009. 6 July 2009. <http://en.wikipedia.org/wiki/Competitive_intelligence>  “Knowledge management” 28 June 2009. 8 July 2009. <http://en.wikipedia.org/wiki/Knowledge_management>  “Knowledge Management Definition and Solution” 2009. 7 July 2009. <http://www.cio.com/article/40343/Knowledge_Management_Definition_and_Solutions>

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