Malaysia Essay examples -- Knowledge Management

A. INTRODUCTION Malaysia has developed Knowledge Management program since 1957 after Independence Day. In early stage 1970’s development a growth was concentrated in the agriculture and natural resources sectors. The official of Knowledge Economy started a few years ago by Former Minister of Malaysia Tun Dr. Mahathir Mohamad emphasised the knowledge can growth productivity in Knowledge rich economies. In their speech mentioned skill and speed comes from the depth of knowledge that one has of the different elements and technology capacity can be made to work yield desired result. One of the most important to ensure successful KM an organization needs to encourage individuals in the organization to share not only their explicit knowledge but also the tacit knowledge that they have. Smith (2001) was argued if the management does make clear statement employees are likely to share only explicit knowledge because it is easier to encourage the knowledge. Implementing a KM system can be complex and dynamic, no matter how well planned and developed as it involves people and other organizational factors (Bixler, 2002). B. WHAT IS KNOWLEDGE MANAGEMENT? Many large, medium and small organizations are now engaging in KM in order to gain a competitive advantage in the market place. KM has a significant influence on the success or failure of organizations. According to Call (2005), many different definitions exist for KM and it is often defined as anything someone or organization wants it to be in order to understand the basis of KM at least a broad definition of knowledge. It is a common belief that by leveraging knowledge, an organization can stay competitive in the more globally oriented market of today. Gartner Group Inc. (1996)... ...iatives have centered on nation building, enhancement of the marketplace, promotion of the workplace, customer care, education, community support and environmental conservation to achieve multiple objectives such as community development, human capital development and environmental conservation. As a long-term business strategy, they will continue to invest in staff development to enhance staff core competencies to sustain superior performance and prepare them for career progression. 3. Overview activity based Knowledge Management approach The focus of the Public Bank’s KM initiatives during 2004 shifted from infrastructure development to the more challenging task of embedding knowledge processes within the Bank’s business process operations. Latest KM initiatives activity was launched in order to make KM a natural part of all employees daily activities.