Mgmt630 GDB No. 2 solution

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Knowledge management is present in all organizational processes. Through effective utilization of technology and organizational resources knowledge can be effectively managed. Certain ideas (myths) are prevailing regarding the knowledge management. Discuss with Solid Arguments any two ideas of knowledge management that either these prevailing ideas are myths or absolute reality.


Solution:



Knowledge management is mere technology.
This is a serious misconception. KM is really about people, relationships, and a new way of working together as an entity in an organizational setting. 

It is a unique way of thinking about work and about working. Imagine knowledge communities
of employees with common interests sharing information on best practice that help everyone do a 
more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80 
percent of all technology-centered KM efforts have been known to fail because of a lack of attention to people .

Knowledge management is another form of reengineering.
Reengineering is efficiency-driven-a one-item attempt at introducing radical change in organizational processes to improve efficiency. The emphasis is on cost reduction and making better use of existing operations. Jump-starting such a business, however, often results in failure.
KIM is an ongoing renewal of organizational processes to learn in advance about the company’s future opportunities and contingencies. The concentration is on value added activities that demand innovation and creativity. This is ingrained in the day-to-day processes of the business. 

Technology plays a critical role in the way information becomes available at 
electronic speed.


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The Myths of Knowledge Management
1. Knowledge management is a fad.
2. Knowledge management and data warehousing are essentially the same.
3. Knowledge management is a new concept.
4. Knowledge management is mere technology.
5. Technology distributes human intelligence.
6. Knowledge management is another form of reengineering.
7. Company employees have difficulty sharing knowledge.
8. Knowledge management works only within an organization.
9. Technology is a better alternative than face-to-face.
10. It is “no brainier’ to share what you know.

Knowledge management is mere technology.
This is a serious misconception. KM is really
about people, relationships, and a new way of working together as an entity in an organizational setting.
It is a unique way of thinking about work and about working. Imagine knowledge communities of employees with common interests sharing information on best practice that help everyone do a more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80
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