Knowledge Audit and Organizational Strategy

This assignment analyzes the connection between organizational strategy and a knowledge audit. It argues that an organization's intellectual property (IP) informs its strategic decisions for improvement and growth. The knowledge audit helps determine the organization's capabilities, strengths, and areas requiring development to effectively implement strategies and meet customer needs. The author reflects on the importance of IP in shaping organizational change and emphasizes the interconnectedness between knowledge audits and strategic planning.

Running head: ORGANIZATIONAL STRATEGY AND KNOWLEDGE AUDIT PLAN
ORGANIZATIONAL STRATEGY AND KNOWLEDGE AUDIT PLAN
Name of the student
Name of the university
Author note

1ORGANIZATIONAL STRATEGY AND KNOWLEDGE AUDIT PLAN
Rich Picture
Critique
The strategy that is formed by the institute for introducing improvements in the
structure of the organization is grounded on the IP (Intellectual Property) of the company.
The IP of the organization helps to determine the different facets of change which is being
accepted by the organization to understand the requirements of the clients and the customers
of the organization (Ahmadi et al. 2012). It helps in determining the strategies that are framed
by the organization for their structural and situational improvements. Knowledge audit of the
company aids in understanding the diverse aspects of the changes which is being undertaken
with the aim of understanding the requirements for undertaking the change in the structure.

2ORGANIZATIONAL STRATEGY AND KNOWLEDGE AUDIT PLAN
Therefore, it helps in determining the strategies that are required to be framed by the
organization.
Synopsis
The knowledge audit actually helps in determining the credibility of the organization
and performance of the organization (Dalkir and Beaulieu 2017). Likely, the strategies that
are being framed by the organization for undertaking a change are based on the capabilities
and the credibility of the organization to bring about the change. The knowledge about the
requirements of the customers assists in keeping the sustainable approach of the company in
the market. The audit of the different segments of the organizational capabilities has helped
in undertaking steps that are required to be undertaken by the organization for making
improvements in the situation. Therefore, the IP of the organization is closely related to the
strategies that are formed by the organization for its growth in the markets.
Reflection
I believe the IP of the companies determine the various aspects of the changes which
the organization is capable of undertaking. This helps in defining the numerous aspects and
the areas of change on which the strategies are applied for bringing in effective changes in the
system. The performance of the companies is dependent on the factors of creativity and the
efficient functioning of the processes undertaken by the companies. On the other hand, the
strategies that are planned by the organization are based on the capabilities of the
organization to meet the objectives of the same. According to me, the knowledge audit of the
company and the strategies thereby framed by the organization are related intimately.

3ORGANIZATIONAL STRATEGY AND KNOWLEDGE AUDIT PLAN
References
Ahmadi, S.A.A., Salamzadeh, Y., Daraei, M. and Akbari, J., 2012. Relationship between
organizational culture and strategy implementation: typologies and dimensions. Global
Business and Management Research, 4(3/4), p.286.
Dalkir, K. and Beaulieu, M., 2017. Knowledge management in theory and practice. MIT
press.