Answer to Question #209521 in Management for Prince

Question

SUBJECT : KNOWLEDGE MANAGEMENT

Define knowledge connectivity management and discuss its strategic implications for knowledge capture (give 6 points with elaboration) and codification(give 6 points with elaboration)?

Answer 1

The process of locating, organizing, storing, and disseminating information inside an organization is known as knowledge connectivity management. When knowledge is not readily available inside an organization, it can be extremely costly to a company since valuable time is wasted looking for relevant information rather than executing task-oriented duties. Increased organizational learning and communication among team members supports speedier decision-making across the business, allowing companies with a knowledge management approach to reach business outcomes more quickly.

Knowledge is captured when it is converted from tacit knowledge kept in the heads of employees to explicit, recorded knowledge. It's vital to remember that this method isn't appropriate for all types of knowledge. If at all possible, some knowledge – especially that with broad application and/or long-term value, and/or that is likely to be transient in its availability – should be captured. Capture should be as efficient as feasible, procedures should be matched to situations, and the potential for re-use should be maximized. Identifying ownership and associated responsibilities, as with information assets, is an important component of refreshing captured knowledge. Knowledge that is captured has a greater chance of being reused. It is a more efficient manner to permit such re-use when the information has a broader application, and especially when the knowledge is at risk of being lost to the organization, such as through the loss of skilled employees. The company must determine the critical and potentially ephemeral knowledge it requires for its operations and make every attempt to capture it. A variety of capture methods should be investigated and implemented. Knowledge captured should be owned and refreshed, and knowledge capture tools should be supplied and encouraged.

By utilizing codified knowledge, codification allows for the construction of high-quality, dependable, and fact-based information systems. Organizations can invest in a knowledge asset, reuse it several times, and employ huge teams with a high associate-to-partner ratio. Those that are able to concentrate on earning huge total income are the most successful. Electronic systems that encode, store, disseminate, and allow reuse of knowledge are used to connect people to documents. Companies have the financial resources to invest extensively in information technology. The idea is to bring individuals together through codified knowledge.