Strategic,Knowledge,Management business, insurance Strategic Knowledge Management - The Key to Sustainable Perf
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Leading organizations in the global economy understand that inorder for them to stay competitive, they must efficiently andeffectively create, capture, and share their organization'sknowledge and expertise within their organization. The practiceof leveraging and development of organizational knowledge isbetter known as strategic knowledge management.Strategic knowledge management is about creating an innovativeculture supported by collaborative technologies to securecompetitive advantage, sustainable performance and enhanceproductivity by leveraging on knowledge. Many organizations todayhave put in place channels such as quality systems, processsimplification, technology infrastructure, restructuring andreorganization, and product and technical training with the hopeto increase performance. These channels will only succeed toachieve its goals and targets if strategic knowledge managementis put in place as the way of life within an organization.Ultimately, improved revenue, cash flow and profitability areachieved through strategic knowledge management.Strategic knowledge management provides a systematic andstructured approach for organizations to encourage ideasgeneration, effectively share best practices, avoid repeatedmistakes, learn from past performance, secure higher knowledgeretention and creating innovative business solutions to meet theever changing demands of the market.For strategic knowledge management to work, it will requireself-directed and self-motivated k- professionals. Organizationscan no longer achieve sustainable performance by continuouslyproviding external motivation to enhance performance. Leadingorganizations must provide a strategic platform for their humancapital to excel and compete by developing them to bek-professionals.K-professionals are open-minded performance-orientedprofessionals that have the passion to develop the 8 mostinnovative skills to progress to the next level of excellence inthe K-economy. The 8 most innovative skills of a k-professionalare strategic thinking, knowledge responsibility,performance-directed learning, contributing in innovative teams,professional discipline, self-driven innovation habits, solutionfocus mindset and personal knowledge creation.Creating competitive advantage today requires strategic knowledgemanagement and k- professionals. Leading-edge enterprisesconsider their knowledge and human capital to be strategic assetsand actively and explicitly manage it as such to increasebusiness value. Article Tags: Strategic Knowledge Management, Strategic Knowledge, Knowledge Management
Strategic,Knowledge,Management