Technology @ Knowledge Zone



Knowledge Management: The Need of the Hour!!!

by Vipin Arora *

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The Concept of Knowledge Organization

Human beings have an infinite ability to create knowledge. Also unlike conventional assets, knowledge grows when it is shared and we have the two most powerful features, which will change how we manage in the Knowledge Era.

In Knowledge Organizations knowledge flows are more important than financial flows. People are revenue creators, not cost items.

The knowledge organization: -

  • Grows organically and through alliances rather than by acquisition

  • Forms private partnerships rather than goes public

  • Treats its clients individually

  • Solves complex non-standard problems demanding creativity

  • Has a small flat hierarchy

  • Has a high number of professional employees...

  • But few non-skilled employees

  • Builds company strength through skilled individuals

  • Develops the organization through developing the know-how of the employees

  • Has managers who are formal as well as informal leaders

How is Knowledge Organization Different from Manufacturing Organization?

The comparison goes as follows: -

   Knowledge Firm    Manufacturing Firm
   Information flow    Flow of goods
   Human beings    Machines
   Know-how, knowledge    Capital, fixed assets

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* Contributed by -
Vipin Arora
B.Tech. (Polymers), H.B.T.I. Kanpur,
MBA (Batch 2004-06),
Dept. of Management Studies, I.I.T. Roorkee.