Knowledge Audit for Business Analysis

Running head: KNOWLEDGE AUDIT FOR BUSINESS ANALYSIS
Knowledge Audit for Business Analysis
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KNOWLEDGE AUDIT FOR BUSINESS ANALYSIS
Executive summary
The Human Capital is the collective knowledge, skill, ability and innovativeness of individual
employees to do the process task of the business. Human capital in addition to that includes
value, culture and philosophy of an organization, but it cannot be owned by the organization.
In order to verify the skills and knowledge of the various intellectual capital of the business
various techniques have been followed by a business. The discussion deals with the
implementation of a process in an organization in order to audit the human capital of a
business. In order to verify the skills and knowledge of the various intellectual capital of the
business various techniques have been followed by a business As a management process the
implementation of the “STOCKS” or Strategic Tools to Capture Critical Knowledge and
Skills as the process of analyzing the human capital and its quality can be utilized. The report
deals with the adaptation of such process that would ensure in maintaining the creativity and
quality of intellectual resources of a business and its workforces.

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KNOWLEDGE AUDIT FOR BUSINESS ANALYSIS
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Project background.................................................................................................................3
Issues and objectives..............................................................................................................3
Organizational strategies and stakeholders............................................................................3
Business context and business case........................................................................................3
Statement of current business processes and problems..........................................................3
Proposed new System/s..........................................................................................................3
Method of evaluation for the users to follow while using the system...................................3
Conclusion..................................................................................................................................3
References..................................................................................................................................3

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KNOWLEDGE AUDIT FOR BUSINESS ANALYSIS
Introduction
The discussion deals with the implementation of a process in a company in order to
audit the human capital of a business. It is very vital for an organizations to maintain a
competitive position for a longer period of time, for that the human capital or the intellectual
capital is regarded strength. In order to verify the skills and knowledge of the various
intellectual capital of the business various techniques have been followed by a business As a
management process the implementation of the “STOCKS” or Strategic Tools to Capture
Critical Knowledge and Skills as the process of analyzing the human capital and its quality
can be utilized. The report deals with the adaptation of such process that would ensure in
maintaining the creativity and quality of intellectual resources of a business and its
workforces. The stocks are basically are indicators of the intellectual capital that would audit
the human resources of the business (Dumay 2016). The whole process is known as the
management of Knowledge which should be the primary competency that an organization
must develops for intellectual capital management. The mechanism of Knowledge audit can
effectively support the organizations in achieving targeted objectives, administr their own
knowledge and favoring the intellectual creation capital valuing. The process of knowledge
audit must highlight on both the stock nature of knowledge, as it comprises of the intellectual
capital of the businesses, and the flow nature of knowledge, as it is related to the knowledge
activities of management within the processes of the business (Marchington, Wilkinson
Donnelly and Kynighou 2016).
Discussion
The discussion deals with the implementation of a process in an organization in order
to audit the human capital of a business. The mechanism of Knowledge audit can support
effectively the organizations in achieving targeted objectives, administrating their own