Introduction To Knowledge Management for World Bank

Running head: KNOWLEDGE MANAGEMENT FOR WORLD BANK
Knowledge Management for World Bank
Name of the Student
Name of the University
Author’s Note:

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KNOWLEDGE MANAGEMENT FOR WORLD BANK
Table of Contents
1. Introduction............................................................................................................................2
2. Description of the Organization and Explanation of the Problem faced by it.......................2
3. Description of the Nature of the KM Initiative implemented by World Bank including the
Process of Selecting the Initiative..............................................................................................3
4. Explanation and Analysis of the Difficulties faced by the Organization during
Implementation of the KMS.......................................................................................................4
5. An Assessment of the Successful KM Initiative with Discussion of any Success Metric
used............................................................................................................................................6
6. Conclusion..............................................................................................................................8
References..................................................................................................................................9

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KNOWLEDGE MANAGEMENT FOR WORLD BANK
1. Introduction
KM or knowledge management ca be referred to as the major procedure to create,
share, utilize as well as manage the respective information and knowledge of any particular
company. It eventually refers to a proper multidisciplinary approach towards achievement of
the organizational goals, after ensuring the best utilization of knowledge in the business (Lin
2014). Several popular and significant organizations have used their internal efforts of
knowledge management as the most basic part of the business strategies as well as
departments of HRM and IT. This report outlines a detailed discussion of impact of KM in
one of the most popular and significant organizations, World Bank with relevant details
related to the KMS to be implemented.
2. Description of the Organization and Explanation of the Problem faced by it
The World Bank is a popular international financial institution, which provides grants
and loans to the governments of the poor countries for the core purpose to pursue the capital
projects. It is the major element of the entire World Bank Group (World Bank Group. 2020).
The most recent stated goal of this particular organization would be referred to as the
reduction of poverty to a high level. The organization was founded in the year of 1944 and it
has its headquarters in Washington DC, USA. It was noted that the largest recipients of the
loans of this particular organization were China and India. World Bank has always focused
on their unique strategies and policies, so that they are able to gain maximum success in the
organizational activities in the most effective manner.
The organization has implemented knowledge management system in their business
for eradication of the issues and complexities faced by them. The main objective of the KMS
within the World Bank is to efficiently control and manage their knowledge that is being
generated through different projects and hence providing a faster as well as more efficient

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KNOWLEDGE MANAGEMENT FOR WORLD BANK
accessibility to the most relevant external and internal knowledge for maximization of its
impact on the customers (KM in World Bank. 2020). Previously, they were unable to create
knowledge through the operations and as a result, were unable to facilitate the flow of
knowledge within the entire company with their clients and partners.
3. Description of the Nature of the KM Initiative implemented by World Bank including
the Process of Selecting the Initiative
KM initiative is being deployed by World Bank to ensure that the existing issues are
resolved successfully for increasing connectivity internally and even amongst the major
clients, partners and stakeholders (Wang and Wang 2016). It was required for them to utilize
different methodologies and approaches of knowledge management for ensuring that the long
term issues, which require more in depth work on the development challenges. The
organization has aspired to utilize KM for the core purpose of increasing efficiency and
effectiveness of employees for the entire country. Four distinct knowledge areas are being
enabled, which include knowledge synthesis, discussion, personal thinking and information
(Cho and Korte 2014). A proper knowledge management can easily oversee the
establishment and development of the enterprise broad integrated KM framework as well as
arrangement of the system.
Knowledge management is mainly about obtaining the accurate knowledge to the
correct individual within the proper time (Liebowitz 2019). It eventually has an implication
of a strong tie to the corporate strategies for understanding the location and proper formation
of the existing knowledge to create different procedures, which can span various
organizational functionalities. It is required for being sure that the various initiatives are
being accepted as well as supported by every organizational member in the World Bank