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Strategic as Practice and Leadership - Doc

   

Added on  2020-10-23

14 Pages3610 Words437 Views
Leadership ManagementProfessional DevelopmentDesign and CreativityHigher Education
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Strategic as Practice and Leadership
Strategic as Practice and Leadership - Doc_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Strategic knowledge management approach used by TESCO...............................................3LITERATURE REVIEW ...............................................................................................................51. Knowledge management ...................................................................................................52. Intellectual and social capital ............................................................................................63. Balance scorecard ..............................................................................................................74. Communities of practice.....................................................................................................95. Soft thinking system ........................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
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INTRODUCTIONStrategic leadership can be defined as manager’s capability to express their strategicvision for the company and to positively influence people for accomplishing the same. It can alsobe referred to as implementation of strategy in order to manage people. Strategic leaders developtheir skills through practice. The main purpose of strategic leaders is to streamline procedure,increase productivity, promote innovation and create such environment which encouragesworkers to become more productive. It is a strategic leader who provides regular training toworkers and enables them to develop skills and knowledge. Strategic leaders play crucial role inthe knowledge management within an organisation.The essay will have focus on identification of approach which is utilised by an enterprisefor strategic management of knowledge in context of Tesco. It is a British multinationalorganisation operating business in retail sector.ESSAYOrganisation approach to strategic management of knowledge and organizational learningKnowledge can be referred to as justified personal belief. It is basically an awarenessgenerated through experience. Knowledge management can be defined as procedure whichincludes planning, organising, inspiring as well as controlling people in an enterprise in order tomake sure that knowledge related assets are improved and it is applied in routine practices byworkers. The procedure of knowledge management includes creation, acquisition, storage,transfer, refinement, utilisation and sharing of information. Knowledge management is basicallya deliberate as well as systematic approach for sharing business knowledge data base. In presenthighly competitive business environment there is high chances of uncertain situation in business.Companies by implementing the knowledge management system can gain competitive advantagein the market (Olwan, Irtaimeh, and Al-Lozi, 2019). Tesco has implemented the computer basedcommunications as well as information system for supporting the various knowledgemanagement procedure. knowledge management can be defined as an efficient handling ofinformation as well as resources within an enterprise. The knowledge gained by employees inTesco from external sources are utilised for making decisions related to changes in products andalso for coding into document (Bell and Harrison, 2018)..
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In context of organisational learning, strategic leaders in Tesco has develop strategies inorder to inspire people for leaning and increasing their knowledge (Hislop, Bosua and Helms,2018). In addition to this, regular training is provided by leaders in order to support knowledgemanagement. In addition to this, manager in Tesco uses structural approach for ensuring theknowledge management at workplace. In structured approach to knowledge management, thebusiness structure as well network has been utilised for creating a pool of knowledge. In contextof Tesco, top level management in an organisation has appointed the team of experts in order toprovide training as well as coaching to employees those who are working in differentdepartment. In addition to this, management in Tesco has created the knowledge communitywhich consists of people those who share common interests, problem as well as experience. It isthe type Key Characteristics or features of community is that they share as well as exchangeknowledge interactively in personal and unstructured manner. In context of Tesco, as anorganisation has hierarchical structure employees working in different level utilises differenttechnology for sharing of information with each other. For instance, employees working inoperational department of Tesco utilises transactional information system for getting theinformation about the procedure conducted by employees working in front line department.The main objective of implementing the structural approach for knowledge managementand organisational learning is to increase innovation as well as promoting creativity including theextension of explicit knowledge as well as transformation of experiences. Important elements ofstructural approach to knowledge management is to bring changes in organisational culturewhich is supported by efforts to innovate knowledge. Structured approach to knowledgemanagement states that traditional knowledge is not an effective source of increasingeffectiveness as well as integrating new knowledge which is needed for changing the behaviourof employees. In context of Tesco, manager in an enterprise drives the fast knowledgedistribution with the support of advance technology. In addition to this, managers or leaders inTesco has created the information as well as knowledge storage system which has furtherassisted them in ensuring fast access to knowledge by workers in an organisation. In context ofTesco, the procedure of knowledge management includes following phases these are knowledgecreation, knowledge acquisition, retention, identification, distribution, transfer and reception.There are different critical points at different knowledge management process, at the initial phasethat is knowledge creation the critical point is need of development is not recognised (Uhl-Bien
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