Knowledge Management Essay Example | Topics and Well Written Essays - 4000 words

Knowledge Management - Essay Example This has led to the focus on informal social processes that make tacit knowledge explicit. The corporate environment emphasizes the need to leverage their knowledge base to gain competitive advantage (Carter & Scarbrough, 2001). This has led to the packaging and commoditization of knowledge management programmes. Knowledge cannot be the exclusive property of the individuals or the groups. The concept of KM is a response to the needs of the organizations to intensify the creation and exploitation of knowledge. Tacit knowledge is embedded in narratives and is articulated in the stories that circulate in organizations. Through story telling the tacit dimension of knowledge becomes easily visible. This paper will describe the process of story telling and narratives through examples. Story has been defined as ‘ante’ to narrative; it is ‘ante-narrative’. A narrative is something that is narrated or a story (Bhardwaj & Monin, 2006). While story is an account of incidents or events, narrative comes after and makes the story coherent. Since story comes before the narrative it is known as ante-narrative and narrative is post-story. In the organizational context, story has been defined as the written and spoken experiences of the employees in the social, psychological and cultural context in which the organization operates. Narrative and story telling are human endeavors to make sense of a complicated reality. Stories are a means of connecting events and deciding what is important. Several people may observe the same public event and come away with different perceptions as human beings have the capacity to alter and direct their perceptions (Sax, 2006a). Stories were developed as a means to deal with â€Å"information overload†. It is sued by human beings to organize and process their experiences. Storytelling has a sensuality that places it close to experience. Stories evoke sights, smells and sound which philosophies and precepts do not. The term

Business Paper (1750 words) Essay Example | Topics and Well Written Essays - 1750 words

Business Paper (1750 words) - Essay Example This helps to bridge the gap between theory and practice by equipping them with practical skills (Lowden, 2011). How then did the LIAISE business simulation provide me with an opportunity to develop my business strategy skills, marketing skills, financial management skills, team effectiveness as well as the acquisition of graduate employability attributes which make me a preferable candidate to work as a marketing manager in your Electronic Company? A business strategy is defined as a means through which businesses set out to accomplish their set objectives by carefully allocating resources in different departments. The choice and execution of a business strategy depends on its core business and the scope of its operations (Johnson et al, 2005). For example, the LIAISE business simulation’s scope was to source products from suppliers and then market them to the customers with a view of attaining a huge market share with high income customer base through brand expansion and increasing supply routes from various manufacturers. During this simulation programme, I learnt that there are several types of business strategies that can be pursued by businesses to achieve their goals. One of the most sought strategy that is applicable in LIAISE business simulation is growth. When a business is interested in expanding its operation to achieve a greater market share, there is need to allocate time, money and human resources for development of new products, venturing into markets, as well as investing in new businesses. Competitive advantage is also a vital business strategy as it ensures that a business is able to survive its rivals, not by copying their products, brands and strategies, but by effectively competing with them. A business can attain competitive advantage by selling products at relatively lower price than the competitors (Gary et al, 2008). However, this strategy requires that the business grow to a certain margin so that the company can enjoy