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DOCUMENT DESCRIPTION

In today's business environment, learning and knowledge have become key success factors and intangible resources are of vital importance. The struggle between competing firms have moved from tangible resources to intangible resources where knowledge and the ability to use knowledge have crucial roles.

Organizations are becoming more global, multilingual, and multicultural with people being required to work smarter and faster. People have become more connected with them being expected to be "on" all the time and the response time measured in minutes instead of weeks.

Indeed, today's work environment has become more complex with businesses being threatened by vulnerability, uncertainty, and crisis that could have been prevented if Knowledge was better managed. Better KM can help companies anticipate uncertainties and design strategies to lessen its impact. Given the importance of Knowledge to efficiency and productivity, it is critical that organizations manage their Knowledge effectively.

While managers would like to take a strategic approach to avoid impending crisis, often they find themselves fire-fighting. With a Knowledge Management (KM) Strategy, corporate executives can better manage the complex, chaotic, and non-predictable environment, in which companies must achieve performance.

This framework clearly discusses the importance of KM Strategy and 3 Core Strategies that companies can take to maintain its competitiveness.

1. Reckless Negligence
2. Knowledge Competence
3. Knowledge as a Competitive Advantage

The 3 Core Strategies can spell the difference between high performance or failure in this highly volatile world.

This deck also includes slide templates for you to use in your own business presentations.

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Source: Knowledge Management (KM) Strategy PowerPoint document

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Competitive Advantage, Knowledge Management

Number of Slides: 22

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Upload date (first version): May 28, 2019

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