Malaysia Essay examples -- Knowledge Management

A.INTRODUCTIONMalaysia has developed familiarity Management program since 1957 after(prenominal) Independence Day. In early stage 1970s development a growth was concentrated in the agriculture and natural resources sectors. The official of Knowledge Economy started a few years ago by motive Minister of Malaysia Tun Dr. Mahathir Mohamad emphasised the knowledge can growth productivity in Knowledge rich economies. In their speech mentioned skill and speed comes from the abstruseness of knowledge that one has of the different elements and technology capacity can be made to work yield desired result. One of the most primal to ensure successful KM an organization needs to encourage individuals in the organization to share not only their explicit knowledge still also the tacit knowledge that they have. Smith (2001) was argued if the management does make release statement employees are likely to share only explicit knowledge because it is easier to encourage the knowledge. Implement ing a KM system can be multifactorial and dynamic, no matter how well planned and developed as it involves mickle and other organizational factors (Bixler, 2002).B.WHAT IS KNOWLEDGE MANAGEMENT?Many large, medium and elflike organizations are now engaging in KM in localise to gain a competitive advantage in the market place. KM has a significant influence on the success or misfortune of organizations. According to Call (2005), many different definitions exist for KM and it is practically defined as anything someone or organization wants it to be in order to understand the basis of KM at least a broad definition of knowledge. It is a common belief that by leverage knowledge, an organization can stay competitive in the more globally oriented market of today.Gartner Group Inc. (1996)... ...iatives have centered on democracy building, enhancement of the marketplace, promotion of the workplace, customer care, education, community support and environmental saving to achieve multip le objectives such as community development, human groovy development and environmental conservation. As a long-term business strategy, they provide continue to invest in faculty development to enhance staff core competencies to sustain superior performance and prepare them for career progression.3.Overview practise based Knowledge Management approach The focus of the Public imprecates KM initiatives during 2004 shifted from infrastructure development to the more challenging projection of embedding knowledge processes within the Banks business process operations. in style(p) KM initiatives activity was launched in order to make KM a natural part of all employees daily activities.