Management Knowledge-Based Organizations Assignment

Management Knowledge-Based Organizations - Assignment Example Operating on a regional or international basis, companies that can be considered to be relatively large require an appropriate knowledge management system that is in line with its operations. These kind of services can thus be acquired through a liaison with an appropriate international consultancy company. Knowledge management is thus the process of collecting, development, sharing and effectively utilizing the organizational knowledge in an appropriate manner. Management of knowledge in an organization begins with an articulate communication system that is coupled with a multi-disciplinary approach to making the best of the organizational objectives through an appropriate utilization of the existent knowledge (Sedera & Gable 2010, pp. 296). Successful organizations have resources dedicated to knowledge management; this is usually part of the business strategy, human resource or information management department. Management of knowledge thus focuses on the organizational objectives such as innovation, performance improvement as well as maintenance of a competitive advantage. Manipulation of the existence resources of an organization such as the available database, as well as the human resource, is significant for the success in the achievement of proper knowledge management strategies. In an attempt to intrinsically understand the modalities and the implications of appropriate knowledge management. The XYZ international company is an organization that operates on an international basis.