Sunday, November 28, 2010

Knowledge Management

1. What is the management?

ANS:
- is the process of getting activities completed efficiently and effectively with and through other people. source

- The term ‘management’ encompasses an array of different functions undertaken to accomplish a task successfully. In the simplest of terms, management is all about ‘getting things done’. However, it is the way and the process of how one achieves ones target or goals and it is in this respect that management is considered an art and a science as well.
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- Management in all business and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources
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2. what is knowledge management?
ANS:
- Knowledge Management (KM) comprises a range of strategies and practices used in an organization to identify, create, represent, distribute, and enable adoption of insights and experiences. Such insights and experiences comprise knowledge, either embodied in individuals or embedded in organizational processes or practice

- Knowledge Management efforts typically focus on organizational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organization. KM efforts overlap with organizational learning, and may be distinguished from that by a greater focus on the management of knowledge as a strategic asset and a focus on encouraging the sharing of knowledge. KM efforts can help individuals and groups to share valuable organizational insights, to reduce redundant work, to avoid reinventing the wheel per se, to reduce training time for new employees, to retain intellectual capital as employees turnover in an organization, and to adapt to changing environments and markets (McAdam & McCreedy 2000)
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3. what is information system?
ANS:
-An information system (IS) is any combination of information technology and people's activities using that technology to support operations, management, and decision-making. In a very broad sense, the term information system is frequently used to refer to the interaction between people, algorithmic processes, data and technology. In this sense, the term is used to refer not only to the information and communication technology (ICT) an organization uses, but also to the way in which people interact with this technology in support of business processes.
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4. what are the component of information systems?
ANS:
The physical components of MIS
- Hardware
- Software
- Database
- Personnel
- Procedures


5. Why do we need to apply the knowledge management process in our business?
ANS:
- we need ways for managing the knowledge in an organization
- is for you to have your own definition of Knowledge Management; what KM is to you and your organisation. What is even more important is that you and your colleagues have a 'common shared understanding' of what KM means for you all.

To help you get started, we have included immediately below a few definitions of what KM means to some organisations. We suggest you consider them, together with any other definitions you may have, and see if there are any words or phrases that particularly 'resonate' with what you are trying to do. This will help you formulate your own definition of knowledge management.

At the end of this page, we invite you to share with us all, any definitions you have discovered and/or formulated. We can then all comment and rate the usefulness of each definition as we wish. This then provides us, at the bottom of this page, with a list of KM Definitions, listed in highest rated/ranked order, to help us even further. So please share your definitions and/or any comments or rating to definitions.
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6. Write a mind-mapping of Knowledge Management (KM)and Information Systems?
ANS:

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