Application of Knowledge Management in Organizational Management

Abstract

In fact, any task that uses and applies knowledge can benefit from the structure of knowledge management, and that covers most managerial and professional activities. Therefore, like other management ‘fads’ before, many existing business practices (such as information management and intelligence gathering) are coming under the knowledge management umbrella. Similarly, information systems solutions, such as document management and data warehousing are being similarly relabeled.\nStructurally, the use and sharing of knowledge must be aligned with all of the factors described in the paper. The development and application of knowledge must be relevant and in context to the business direction and the stakeholders needs. Optimum knowledge application, sharing, and flow is only delivered as part of the business processes of the organization. The objectives and measures of each must be common. Most importantly, knowledge growth and use must be specifically tied to the individual and team objective setting, incentive and reward mechanisms of the organization.

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