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The Roles of Knowledge Management for the Development of Organizations

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  • Mohajan, Haradhan

Abstract

Knowledge is the most important factor of production, next to labor, land and capital. It is about managing and sharing knowledge for the development of an organization. In the competitive business world, knowledge management (KM) has become more essential for the sustainable development of organizations. In the 21st century knowledge and KM become the most professional element in many fields of knowledge, such as, education, cognitive science, health, sociology, management science, information science, computer science, information and technology, economics, philosophy, psychology, knowledge engineering, artificial intelligence and all branches of business. Through the application of successful KM, organizations can improve their effectiveness and can gain competitive advantage. KM helps in the decision making process for the benefit of a company. It leads to higher efficiency in terms of less duplication of work, followed by notably better performance, enhancing new staffs’ capabilities and better quality decisions. The paper discusses the fundamentals and the importance of KM for professionals, users and technology experts. This article also examines the concepts of knowledge and KM in organizations. The major challenges and barriers for implementation of KM in organizations are discussed in some details. Additionally, the paper discusses the proficiencies, responsibilities, profiles and the roles of a knowledge manager. An attempt has been taken here to enhance knowledge related efficiencies in any organization.

Suggested Citation

  • Mohajan, Haradhan, 2017. "The Roles of Knowledge Management for the Development of Organizations," MPRA Paper 83038, University Library of Munich, Germany, revised 09 Feb 2017.
    • Handle: RePEc:pra:mprapa:83038
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    File URL: https://mpra.ub.uni-muenchen.de/83038/1/MPRA_paper_83038.pdf
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    References listed on IDEAS

    as
    1. Robert M. Grant, 1996. "Prospering in Dynamically-Competitive Environments: Organizational Capability as Knowledge Integration," Organization Science, INFORMS, vol. 7(4), pages 375-387, August.
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    3. Ikujiro Nonaka, 1994. "A Dynamic Theory of Organizational Knowledge Creation," Organization Science, INFORMS, vol. 5(1), pages 14-37, February.
    4. Kebede, Gashaw, 2010. "Knowledge management: An information science perspective," International Journal of Information Management, Elsevier, vol. 30(5), pages 416-424.
    5. Ken Kusunoki & Ikujiro Nonaka & Akiya Nagata, 1998. "Organizational Capabilities in Product Development of Japanese Firms: A Conceptual Framework and Empirical Findings," Organization Science, INFORMS, vol. 9(6), pages 699-718, December.
    6. Mohajan, Haradhan, 2016. "An Analysis of Knowledge Management for the Development of Global Health," MPRA Paper 82959, University Library of Munich, Germany, revised 16 Aug 2016.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Shih-Chin Tan & Jia-Jeng Hou & Ai-Feng Hsu & Chiu-Chi Wei & Shun-Chin Lee, 2023. "Model for Creating New Knowledge under Budget Constraints," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 13(1), pages 1-5.
    2. Mohajan, Haradhan, 2016. "Sharing of Tacit Knowledge in Organizations: A Review," MPRA Paper 82958, University Library of Munich, Germany, revised 15 Jun 2016.
    3. Kafigi Jeje, 2020. "Knowledge Management and Performance of Small and Medium-Sized Enterprises: Lessons from Tanzanian Bakeries," Eurasian Journal of Business and Management, Eurasian Publications, vol. 8(2), pages 75-93.
    4. Belay, Mniyichel & Desta, Amare & Smithson, Steve & Meshesha, Million, 2021. "Investigate knowledge management technology implementation for supporting decision making in Ethiopian health sectors," LSE Research Online Documents on Economics 110524, London School of Economics and Political Science, LSE Library.
    5. Budrytė Monika & Vainauskienė Vestina, 2023. "Virtual Communities of Practice as a Knowledge Sharing Tool: Recommendations for International Business," Management of Organizations: Systematic Research, Sciendo, vol. 89(1), pages 15-30, June.

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    More about this item

    Keywords

    Explicit and tacit knowledge; Knowledge management; Organizations; Education; Knowledge sharing; KM Benefits;
    All these keywords.

    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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