Friday, 25 February 2011

HUMAN RESOURCE MANAGEMENT PRACTICES AND KNOWLEDGE MANAGEMENT

In recent years, a dramatic change in the world economy 
and the use of IT have affected the way businesses and 
organizations operate. One of the changes is the 
shift from a resource-based view of competitive 
advantage for example capital, labour, and raw
material to a knowledge-based competitive advantage through
Knowledge Management (KM). This increased enthusiasm on 
KM is a result of cost reduction in data management, 
due to the rise of computing capabilities like the 
Internet, electronic networking, and local database.
This also means an increase in an organization's 
feasibility on acquiring,documenting, processing, 
and distributing data and informationglobally.
The adoption of KM by businesses and organizations has
initiated the interests of researchers and academicians. Many
issues are being examined and studied, such as KM structure,
knowledge diffusion, KM implementation, KM performance
framework, and HRM strategy in KM. The earlier stages 
of these studies tend to associate KM with information 
technology, which was perceived as the main driver 
for KM. However, technology is not the only requirement 
of KM.  What is more important is the knowledge 
created by human beings. This view is also supported by 
other researchers and academicians such as Mintzberg(1989).
 
Knowledge can be defined in many ways. A comprehensive
definition of knowledge is a fluid mix of framed
experience, values, contextual information, and expert insight
that provides a framework for evaluating and incorporating new
experience and information. It originates and is applied in the
mind of knowers. In organizations, it often becomes embedded
not only in documents or repositories, but also in
organizational routines, processes, practices, and norms.

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