Knowledge management Essay Example | Topics and Well Written Essays - 1750 words

Knowledge management - Essay Examplecess of KM formation involves creation, capture, storage and distribution of knowledge or information, needed for the organization during seize times. KMS will aid the leaders in the overall functioning of the organization and will provide them a good back up to all their strategies. Actually, these systems by backing up the leaders will optimize their performance and it will directly show in the optimum performance of the employees. So, this paper will lose it this theme of Knowledge Management using the article titled Knowledge Management featured in the magazine, The Economist, and how that it is vital for the employee and organizational success.The article starts off with the nomenclature by renowned management guru, Peter Drucker, who in 1980s itself hypothesized that that Knowledge Management will be a key process in in store(predicate) for the optimum functioning of the organizations. The typical business of the future will be knowledge- based, an organisation composed largely of specialists who direct and discipline their own performance through feedback from colleagues, customers and headquarters. For this land it will be what I call an information-based organisation. (The Economist).So, Knowledge Management will raise the efficiency level of the leaders, aid them in actualizing an optimal organizational environs and thereby will enrich the knowledge and skill of the employees. Focusing on the importance of employees in the process of Knowledge Management, the article opines that the content that is developed and stored in the heads and hearts of the employees need to be optimally used for optimizing organizational functioning. The article further states that the effective knowledge of the workers will become invaluable assets or properties for the organization. So they need to be further developed and various forms of that knowledge also need to be preserved through technological means. They had become propert ies whose most valuable asset