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Paper on Knowledge Management

Please read, paper requirements at the end:

Every company has, to a greater or lesser extent, an information subsystem -- that is, a means by which it gathers data, interprets it, and makes it available to employees through a distribution system. Whether we are talking about marketing information, cost projections, accounting results, or internal quality reports, every company depends on knowledge to support its planning, decision making, and control.

So how does knowledge fit into the picture? The emergence of the field called knowledge management in the last 10 years or so has highlighted some key propositions:

- All organizations are storehouses of knowledge that operate in information-rich environments made up of people and things both inside and outside the organization itself

- Organizations organize, interpret, and evaluate this information to solve organizational problems

- Knowledge is the primary mechanism for processing and utilizing information

- People's brains are the key knowledge resource of any organization

- Codified knowledge stored in books, audio and video tapes, and computer systems can be an important knowledge resource as well

- There are organizational processes and strategies generally and IT management processes and strategies in particular that can significantly enhance the ability of organizations to use their knowledge resources to solve organizational problems effectively

These links will assist with the paper.

Leonard, D., & Swap, W. (2005). The Knowledge Coach. HBS Working Knowledge. Retrieved 04/14/08, from the World Wide Web:

Levinson, M. (2007). Knowledge Management Definition and Solutions. Retrieved, from the World Wide Web:

Wiig, K.M. (N.D.) On The Management of Knowledge. The Wiig Group. Retrieved October 15, 2007, from

Read through the articles and consider the issues; you may wish to consult additional material from the background information or other information you research yourself. Then please prepare a 3-4 page paper, addressing the following questions:

How data, information and knowledge are related to the concept of knowledge management (KM)? How are they different (please define each one: data, information, knowledge and KM)? What are the potential benefits of knowledge management projects? What strategies should companies follow to achieve positive results in KM projects?

Paper expectations:

- Precision: the questions asked are answered.

- Clarity: Your answers are clear and show your good understanding of the topic.

- Breadth and depth: The scope covered in your paper is directly related to the questions of the assignment and the learning objectives of the module.

- Critical thinking: It is important to read the required readings posted in the background material plus others you find relevant. Your paper should include important concepts from these readings and incorporate YOUR reactions and examples that illustrate your reflective judgment and good understanding of the concepts.

- References are properly cited

This will be a valuable addition to my study guide... thank you.

Solution Preview

Knowledge Management and Data, Information and Knowledge

The set of procedures that tries to transform an organization's current practices of knowledge processing is known as Knowledge Management. It improves both the practice of knowledge processing and its outcomes in a significant manner. The field of Knowledge Management is the examination of various organizational processes and their affect on knowledge and functional processing and results (Firestone & McElroy, 2005). The concept of Knowledge Management doesn't instantly direct, generate or incorporate most knowledge effects rather it just influence an organization's knowledge processes that in turn affects its knowledge results.

The concept of knowledge management is related with aspects like data, information and knowledge as these are its essential elements. All these three aspects collectively result in the practice of knowledge management (Knowledge Management Concepts, Philosophy and Theory, n.d.). This can also be understood in the following manner and process followed by these three aspects in the practice of knowledge management:

• Data: It is raw information that exists in several forms without any context and can be functional or not. This can also be understood with the numbers mentioned in spreadsheet. These numbers are data.
• Information: Data that has been given some specific meaning is known as information. The numbers and set of data mentioned in a spreadsheet can be used substantially for creating information like profits in a specific time period, sales increase or decrease and market trends etc.
• Knowledge: The collected information over a topic or subject when aggregated with apprehension enables in an act. The information presented through spreadsheet about market trend can effectively assist an ...

Solution Summary

This solution provides a paper on knowledge management.