Knowledge and Information Management | Report

Running head: MANAGING KNOWLEDGE AND INFORMATION
MANAGING KNOWLEDGE AND INFORMATION
Name of the Student:
Name of the University:
Author Note:

1MANAGING KNOWLEDGE AND INFORMATION
Table of Contents
Introduction:....................................................................................................................................2
Method to obtain information relevant to business issues:..............................................................2
Method to analyze information and knowledge:.............................................................................3
Method to make decisions on business issues identified:................................................................3
Method to disseminate information to the organization:.................................................................4
Conclusion:......................................................................................................................................4
References:......................................................................................................................................6

2MANAGING KNOWLEDGE AND INFORMATION
Introduction:
In Professional Knowledge and Skills Base, knowledge and information management is
one of the most important category that involves collection, organization, storage and
exploitation of information or data, expertise and other assets of knowledge that are held within
the premises of an organization in order to ensure that these assets will remain available for
future convenience and utilization (Shiau, Chen & Tsai, 2015). It would include capturing and
recording of knowledge and the data that reflects on the outcomes and sharing of knowledge and
results for the others’ benefits.
Method to obtain information relevant to business issues:
Business information is something that is of tremendous value in the process of problem
solving and also planning strategically. This kind of information is critical in keeping tracks of
the competition through watching the new products’ development or the shifts happening in the
market share, or even any individual performance of the company. These information helps the
managers to anticipate and evaluate the political and legal changes and thus they can monitor the
economic condition of the market that will help in successful execution of the business. Hence
obtaining information becomes an integral part of business and it can be done by general
surveys, articles, data, references, books or search-engines (Button & Kapp, 2016). The internal
records are also helpful in terms of guiding their planning, their operations and also their
evaluation of activities. There are other ways to obtain information; for instance, through
published sources like magazines, statistics provided by government, directories, databases and
more; all this information will help the business to its environment.