An Examination of Knowledge Management and Organizational Learning for Sustained Firm Performance
Sunderlal Surendran, EMBA (Health and Safety Management), Trainer and Assessor, Sydney, Australia.
Manuscript received on June 30, 2018. | Revised Manuscript received on July 22, 2018. | Manuscript published on August 15, 2018. | PP: 1-5 | Volume-3 Issue-5, August 2018. | Retrieval Number: E0188073518
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Even though anecdotal verification and individual case analysis recommend that useful knowledge management (KM) proposals add to greater firm performance. On the other hand, quantitative empirical studies are limited, as well as whatever is available they are all established on insights of the survey with reference to the firms that were being considered. Furthermore, studies examining the query whether better KM performance can forecast finer market-based assessment do not exist. Yet the materialization of knowledge-based economies has laid significance on efficient management of knowledge. The successful management of knowledge has been portrayed as a decisive component for the organization in quest of ensuring sustainable planned competitive benefit. It can be established that knowledge management is a significant driver of organizational execution and a decisive tool for organizational endurance, competitiveness, and gainfulness. Consequently creating, dealing, sharing and using knowledge successfully is crucial for organizations to acquire full gain of the worth of knowledge. If organizations have to deal with knowledge efficaciously, consideration of three key factors becomes a must – people, processes, and technology. Quintessentially, to guarantee organization’s achievement, the focal point should be to link people, processes, and technology to leverage knowledge.
Keywords: Knowledge Management; Knowledge Management Capabilities; Knowledge Management Process; Creative Organizational Learning; Organizational Performance, Firm Performance, Km, Knowledge Chain Theory, Knowledge Management, Organizational Learning, Management of Knowledge.