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Strategic_Knowledge_Management_ _The_Key_to_Sustainable_Performancel
| Strategic Knowledge Management - The Key to Sustainable Performancel
Leading organizations in the global economy understand that in
order for them to stay competitive, they must efficiently and
effectively create, capture, and share their organization's
knowledge and expertise within their organization. The practice
of leveraging and development of organizational knowledge is
better known as strategic knowledge management.
Strategic knowledge management is about creating an innovative
culture supported by collaborative technologies to secure
competitive advantage, sustainable performance and enhance
productivity by leveraging on knowledge. Many organizations
today have put in place channels such as quality systems,
process simplification, technology infrastructure, restructuring
and reorganization, and product and technical training with the
hope to increase performance. These channels will only succeed
to achieve its goals and targets if strategic knowledge
management is put in place as the way of life within an
organization. Ultimately, improved revenue, cash flow and
profitability are achieved through strategic knowledge
management.
Strategic knowledge management provides a systematic and
structured approach for organizations to encourage ideas
generation, effectively share best practices, avoid repeated
mistakes, learn from past performance, secure higher knowledge
retention and creating innovative business solutions to meet the
ever changing demands of the market.
For strategic knowledge management to work, it will require
self-directed and self-motivated k- professionals. Organizations
can no longer achieve sustainable performance by continuously
providing external motivation to enhance performance. Leading
organizations must provide a strategic platform for their human
capital to excel and compete by developing them to be
k-professionals.
K-professionals are open-minded performance-oriented
professionals that have the passion to develop the 8 most
innovative skills to progress to the next level of excellence in
the K-economy. The 8 most innovative skills of a k-professional
are strategic thinking, knowledge responsibility,
performance-directed learning, contributing in innovative teams,
professional discipline, self-driven innovation habits, solution
focus mindset and personal knowledge creation.
Creating competitive advantage today requires strategic
knowledge management and k- professionals. Leading-edge
enterprises consider their knowledge and human capital to be
strategic assets and actively and explicitly manage it as such
to increase business value.
About the author:
JT Frank the publisher of this article, can be reached at
jtfpg@tm.net.my or +604-6593859, offers training and consulting
services in the areas of Knowledge Management. INVEST your
organisation's Knowledge Capital Creation BUDGET with one of
ASIA's pioneering Knowledge Management Specialists - JT Frank
Management Centre
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