* Knowledge Retention Strategies in Industries * A brief introduction Knowledge management is the systematic process of finding‚ selecting‚ organizing‚ distilling and presenting information. Tacit knowledge is the knowledge we each carry in our heads about how to do things‚ who to call and the lessons learned through experience. Making it explicit is recording in some media that allows another person to use it. The media can be a complex computer database or a piece of paper tacked
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Introduction The role of tacit and explicit knowledge in the workplace Elizabeth A. Smith The author Elizabeth A. Smith is Vice President of Summit Resources‚ Inc.‚ Houston‚ Texas‚ USA‚ and Adjunct Professor in Administrative Sciences‚ School of Business and Public Administration at the University of Houston Clear Lake. Keywords Knowledge workers‚ Information resources management‚ Motivation Abstract Knowledge plays a key role in the information revolution. Major challenges are
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A Critical Analysis of “Knowledge is Power” 1. Introduction The claim of “Knowledge is power”‚ made by Francis Bacon‚ has been universally well known. Originally‚ it was proposed to stress the importance of knowledge in science and an academic spirit because human were experiencing a major scientific revolution at that time and information technology is not as developed as now to spread knowledge. Now it has been recognised by a much wider range of fields. An interesting question is what
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Defining the Metaparadigm of Nursing Sxxxxx Jxxxxxx Defining the Metaparadigm of Nursing The metaparadigm of nursing has four major concepts that establish direction and understanding in the nursing profession. The nursing metaparadigm includes knowledge base‚ philosophy‚ research‚ theory‚ practice‚ and educational experience (Nursing Theories‚ 2013). Nursing theories address the same four concepts: the person (the recipients of nursing care including individuals‚ families‚ and communities)
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Knowledge is Virtue We define knowledge as the state or fact of knowing‚ familiarity‚ awareness or understanding‚ gained through experience or study and virtue as the moral excellence and righteousness. All of us have knowledge but not all the knowledge we have is the same‚ same with virtue. All of us have virtue but not all is practicing it. All of us have knowledge because it is a gift from God that we can keep and share to others. Through knowledge‚ one is also given the knowledge of understanding
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Knowledge Management "Knowledge management is the set of practices aimed at discovering and harnessing an organization ’s intellectual resources. It ’s about finding‚ unlocking‚ sharing‚ and altogether capitalizing on the most precious resources of an organization: people ’s expertise‚ skills‚ wisdom‚ and relationships. Knowledge managers find these human assets‚ help people collaborate and learn‚ help people generate new ideas‚ and harness those ideas into successful innovations" (Bateman
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processes in overlapping parts‚ and at a minimum includes these parts: Using accessible knowledge from outside sources Embedding and storing knowledge in business processes‚ products and services Representing knowledge in databases and documents Promoting knowledge growth through the organization’s culture and incentives Transferring and sharing knowledge throughout the organization Assessing the value of knowledge assets and impact on a regular basis 2 Why is KM important to an organization? Proactive
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Seeker of Knowledge. Everyone has a path in life even if they don’t know they do. Some of us strive to be stronger‚ some smarter‚ and some simply a better understanding of the world around us. A seeker of knowledge is the path I walk. A seeker of knowledge is simply someone who wants to know the who‚ where‚ what‚ when‚ why‚ and how of everything. Gathering knowledge leads to a better understanding of the world. There is no end to learning. Once the seeker has gained sufficient knowledge‚ they will
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Presentation Structure Knowledge Management and Its Effects on Performance‚ including BP as a case study: Introduction of Knowledge Management: • Definition and the Essence of KM • Perspectives on Knowledge Management • Knowledge Management Capabilities Needed • Why organisations fail to manage knowledge Effects on Performance: • KM in BP • KM in achieving Operational Excellence in BP • Frame Work • BP’s Philosophy • Peer Group Activity relating to BP • Balance Score Card for Performance Measurement
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1. Company Overview 1.1. Business Overview Mystique is currently involved in fashion clothing business. Unlike other clothing companies‚ Mystique owns all of its retailing‚ designing and manufacturing operations. It sells a range of women’s and men’s clothing which aims to give a personalised and satisfaction experience to its customers. The business’s headquarters is located in India but the entire Sri Lankan management is handled in Sri Lankan and currently it has 4 outlets in Colombo and Kandy
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