Knowledge Management, Social Networks and Innovation Assignment

Knowledge Management, Social Networks and Innovation - Assignment Example an explicit asset will be its ultimate product, because as Lytras, Russ and Maier (2008, p. 144) described, KM aims to productize and distribute knowledge within the organization. KM’s overall benefits include forming an ‘organizational learning’ system whereby people in the firm will be bale to gain wide knowledge that is useful for their as well as organization’s common benefits. As Forster (2005, p. 397) denoted, KM is a process that collects, shares and utilizes experience, knowledge, skills and wisdom of employees and they are then converted to a collective organizational learning process. This is how KM helps organizations improve the performance and effectiveness of organizational activities. For instance, a firm may recruit old workforce believing that old-workers are more knowledgeable than young people and they will be retained with a view to make use of their knowledge and experience. This is a strategic way to create new knowledge. They have mor e experience, which can later be transferred to other workforce through collaborative team work or other progressive activities. This is how experience can be converted to knowledge, or knowledge can be created from experience. Young workforce, for instance, will later be able to use their acquired knowledge for the overall organizational benefits. Explicit or Tacit nature of knowledge in relation to creation and sharing Knowledge creation, sharing, transferring and utilizing can be carried out through either papers, documents, database etc or through people’s mind. Explicit knowledge refers to that information being processed through papers, documents or database etc, whereas tacit knowledge is the information that is processed... This paper highlighted that knowledge sharing helps an organization foster innovation as people within its workplace will be motivated to gain newer knowledge, think creatively and bring newer ideas that in turn can help the organization perform better. Social networking is an essentially important means that almost all companies in recent years are extensively using for better knowledge sharing experiences. This paper described the conceptual framework of how social networks improve the effectiveness of KM and the practical issues that are faced by the management in relation to KM and innovation development. This paper approves that KM comprises of people, process and technology. How people use technology for knowledge sharing also impact the results of KM strategy. For far better results, the organization may need to facilitate extensive training for using technology in the KM. People in an organization may be well-versed in using computers, database, software, social networking, etc and as a result the result also will be better than the other way. This paper makes a conclusion that people’s approach and organizational learning culture also impact the KM effectiveness. Management may face severe issues related to employees less awareness of the KM practices, irresponsibility of concerned people, lack of motivation to get involved etc. Problems related to artifacts are also to be considered while implementing a better system of the KM. Artifacts such as manuals, software, networking, papers, documents etc that are used in the KM practice must be appropriate for the ultimate purpose of the processed knowledge.

Biomedical engineering and IT Assignment Example | Topics and Well Written Essays - 500 words

Biomedical engineering and IT - Assignment Example Therefore, in the year 2004, homecare opted to approach biomedical repair segment in order to manage the homecare equipment so as to eliminate such enormous costs (Nestor, par. 4). The Biomedical formed for such tasks considered accepting the offer and took over the management of homecare equipments. Thus, the article focuses on all the relevant success that was achieved by its approach in managing the home care. Though, there being a number of challenges in the hospital environmental setting such as strict regulations and standards to be complied with as well as equipment safety, biomedical complied with all without compromise. Repair and maintenance cost were reduced to a greater extent and patients would receive better home care equipments that are well fit and structured for their requirements (Nestor, par. 5). The overall management services and reputation improved since the two entities were able to work hand in hand by offering efficient services to patients without constraini ng their financial position (Nestor, 60). The article focuses on the services offered by a military trained equipment technician who worked in the same position for over twenty years (Reginald, par. 2). The main objective of home care device as evidence by KDA’s new latest device home use initiative is to make sure that patients and caregivers safety are in a position to use complex medical services in their homes. Among the many provisions stated, the initiative has measures for an enhanced postmarked surveillance through subnet work of medical devices. This is an advance vent reporting program that merges over 350 healthcare facilities all over the country (Reginald, par. 5). The technician was able to lean about the home care professionals who work in that environmental setting and different equipments available. Some of the home care has a number of