Knowledge Management - Doc
Added on 2021-06-16
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Running Head: KNOWLEDGE MANAGEMENTKnowledge ManagementName of the StudentName of the UniversityAuthor Note
KNOWLEDGE MANAGEMENT1Table of ContentsIntroduction......................................................................................................................................2The HR management systems and practices in Singapore..............................................................2The Knowledge Management..................................................................................................3The Organizational Learning...................................................................................................5The Learning Organization......................................................................................................6Redesigning the HR management systems and practices................................................................8The Recruitment and Selection................................................................................................8Training and Development......................................................................................................9The performance management and rewards............................................................................9How Redesign increases the innovation and the competitive advantage......................................10Recommendation...........................................................................................................................10Conclusion.....................................................................................................................................11Reference.......................................................................................................................................12
KNOWLEDGE MANAGEMENT2Introduction As per the views of Gartner, the knowledge management is a discipline which promotes an integrated approach for identifying, evaluating, capturing, retrieving and sharing the information assets of an enterprise. The assets include the documents, databases, procedures, policies along with the expertise and experience in the workers. Keeping this in mind, it is essential in the contemporary organizations to ensure that integrated approach is applied for maintaining an innovative, agile and productive working environment (Inkinen, 2016). It can be said that in a given organization, the most essential asset and resource is the knowledge of the workers. The mind is considered to be the fundamental resource and knowledge is nothing but the ability to utilize the existing information and the skills for solving problems in the learning process and the decision –making too. In the context of Singapore, the knowledge workers and the knowledge requires proper management through the human resource management practices and systems to stay innovative and productive too in the economy (Hislop, Bosua & Helms, 2018). The present essay will encompass the HR elements along with the elements such as the recruitment & selection, reward and performance management. In the business of Singapore, theHR elements can be redesigned by the organizational learning (OL), the knowledge management(KM) and learning organization for gaining competitive advantage over the market rivals. The HR management systems and practices in Singapore The HR systems and practices are defined by the roles of the HR personnel. HRM is the process of managing the employees in a given company and involve the recruitment, hiring, training and motivating the employees (Jeske & Axtell, 2016). An instance of the human resource management is the method by which a company hires talented employees and trains
KNOWLEDGE MANAGEMENT3them for business benefits. In the context of Singapore too, HRM includes the recruitment, hiringand training process along with the performance management and reward practices (Yeo et al., 2015). For the purpose of complying with the workplace health and the employment laws, the multi-national corporations might include the close associations with the trade unions in their HRM practices for influencing the behaviors of the workers (Retna & Ng, 2016). The retention of the talented employees is also a serious concern which can be achieved by keeping the work arrangements flexible, maintaining the work –life balance and managing diversity in the workplace. The Knowledge Management The knowledge management is the process or system that enables an organization and itspeople to share, access and also update the business information and knowledge. The system includes the creation, development, application and sharing of the knowledge for gaining competitive advantage over the market rivals. The theory of management says that the employment of already talented people in a particular organization helps the organization to haveheightened production and service standards in the industry. It gradually enhances the market leadership by innovation, pricing strategies and others. There are various knowledge management models propounded by different researchers which are closely related to the HumanResource Management practices. The KM model of Nonaka and Takeuchi ( 2011) is one such model.
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