Strategic Frameworks of Knowledge Management Assignment 2022
Added on 2022-10-03
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Running Head: STRATEGIC FRAMEWORKS OF KNOWLEDGE MANAGEMENT
0
TOYOTA
STRATEGIC DEVELOPMENT
Student name
8/27/2019
0
TOYOTA
STRATEGIC DEVELOPMENT
Student name
8/27/2019
STRATEGIC FRAMEWORKS OF KNOWLEDGE MANAGEMENT
1
Contents
Introduction:.............................................................................................................. 2
Creation of Knowledge:................................................................................................ 2
Importance of Knowledge in strategic development:.............................................................3
Strategic Marketing:.................................................................................................... 4
Sustainability:............................................................................................................ 5
Competitive advantage:................................................................................................ 7
Managing Corporate Change:......................................................................................... 8
Conclusion:............................................................................................................... 9
References.............................................................................................................. 10
1
Contents
Introduction:.............................................................................................................. 2
Creation of Knowledge:................................................................................................ 2
Importance of Knowledge in strategic development:.............................................................3
Strategic Marketing:.................................................................................................... 4
Sustainability:............................................................................................................ 5
Competitive advantage:................................................................................................ 7
Managing Corporate Change:......................................................................................... 8
Conclusion:............................................................................................................... 9
References.............................................................................................................. 10
STRATEGIC FRAMEWORKS OF KNOWLEDGE MANAGEMENT
2
Introduction:
The concept of knowledge management is of great significance for any company. It is
a framework or practice which is not a newer one as it is running from the ancient times in
the subject of strategic thinking. It has been agreed by many parties that in this planet many
products are invented so to serve the needs and wants of consumers satisfactorily and are
existed in such environment which is dynamic means continuously changing and here, rival
companies are producing the innovative goods and the behaviour of consumers are based on
trends or fashions which are inculcating in the atmosphere (Korgh, 2016).
That’s why in today’s time this consideration is to be kept in mind by the
organizations so to survive for the longer duration of time in the market place efficiently.
This practice is also defined by Nonaka that knowledge is not the primary activity of the
organizations but, it is a guideline through which behaviour of each and every employee is
specifically stated (Shatouri, 2012). The purpose of this essay is to explain how this theory
is applied in the organizations and here, the company chosen is Toyota.
Toyota is a Japanese automobile company which is established in the year 1933 and it
is founded by Toyota Sakichi. Its headquarters are situated in the country Japan, Aichi. It is
the first one, who takes the initiative of producing more than 10 billion vehicles in the year
and it is implemented from the year 2012 onwards. It manufacturers all types of vehicles
whether it ranges from small that is cars and big just like buses as well as trucks. Its business
is operated in all parts of the world. It is unique as compared to other rival companies
because its name comes in the list of strongest firm manufacturers (Toyota, Toyota Global
Vision, 2019).
Creation of Knowledge:
In general terms, Knowledge is the awareness or consciousness part which can be
gained with the help of learning or by experience. Thus, it is a behaviour which is focused on
the culture of the organization. It includes the procedures and tools deployed so to gather and
share data effectively (Bandera, 2017).
It is followed, many organizations that utilize traditional models are failed and due to
this, outcome organizations tend to adopt the knowledge principles in their businesses so to
gain competitive advantage in the dynamic environment and to achieve high productivity. In
relates to Toyota, it is performed for inculcating resources in both forms that are physical and
2
Introduction:
The concept of knowledge management is of great significance for any company. It is
a framework or practice which is not a newer one as it is running from the ancient times in
the subject of strategic thinking. It has been agreed by many parties that in this planet many
products are invented so to serve the needs and wants of consumers satisfactorily and are
existed in such environment which is dynamic means continuously changing and here, rival
companies are producing the innovative goods and the behaviour of consumers are based on
trends or fashions which are inculcating in the atmosphere (Korgh, 2016).
That’s why in today’s time this consideration is to be kept in mind by the
organizations so to survive for the longer duration of time in the market place efficiently.
This practice is also defined by Nonaka that knowledge is not the primary activity of the
organizations but, it is a guideline through which behaviour of each and every employee is
specifically stated (Shatouri, 2012). The purpose of this essay is to explain how this theory
is applied in the organizations and here, the company chosen is Toyota.
Toyota is a Japanese automobile company which is established in the year 1933 and it
is founded by Toyota Sakichi. Its headquarters are situated in the country Japan, Aichi. It is
the first one, who takes the initiative of producing more than 10 billion vehicles in the year
and it is implemented from the year 2012 onwards. It manufacturers all types of vehicles
whether it ranges from small that is cars and big just like buses as well as trucks. Its business
is operated in all parts of the world. It is unique as compared to other rival companies
because its name comes in the list of strongest firm manufacturers (Toyota, Toyota Global
Vision, 2019).
Creation of Knowledge:
In general terms, Knowledge is the awareness or consciousness part which can be
gained with the help of learning or by experience. Thus, it is a behaviour which is focused on
the culture of the organization. It includes the procedures and tools deployed so to gather and
share data effectively (Bandera, 2017).
It is followed, many organizations that utilize traditional models are failed and due to
this, outcome organizations tend to adopt the knowledge principles in their businesses so to
gain competitive advantage in the dynamic environment and to achieve high productivity. In
relates to Toyota, it is performed for inculcating resources in both forms that are physical and
STRATEGIC FRAMEWORKS OF KNOWLEDGE MANAGEMENT
3
humans. The sharing of knowledge is for physical environment, database software and for
learning new things in the structure. (Bandera, 2017)
Nonka identified the two types of knowledge that are explicit and tacit knowledge.
This leads to the creation of SECI model and it is very much important in learning as well as
transferring knowledge. In these various stages are included such as socialization,
externalization, combination as well as internalization (F.L.Hong, 2012).
In socialization, knowledge can be transferred through practice and by observing the
actions of other parties involved. In externalization, information is gathered is converted into
the document format for making it easy to understand. In combination, both documents, as
well as information, merged together. In internalization, it can be said that the true employee
is the individual who shows dedication towards work in the job. It is required not in the
current workplace but also in future prospective. It is not only happening in the case of public
sector but, also in private sector (Zheng, 2010).
Toyota basically, implements its position in that only and treats knowledge
management as a tool which helps in managing the strategy effectively of a firm. This all can
be achieved by performing communication, support comes from top managerial positions,
developing the networks to learn, and people as well as culture and evaluation
procedure.SECI model is not a framework just to explain the approach of learning but, it also
solves the problems which arise in the case of transferring of information such as cultural
barrier (Schulze, 2013).
Importance of Knowledge in strategic development:
Strategic development refers to the planning aspect of strategy It defines separately
generic strategy and intensive growth strategies. In generic level, scope to expand its
operations in the global market scenario and in intensive growth, such actions are included
for maintaining the growth. It is related to cost differentiation as well as broad differentiation
(Tidd, 2018)
It is done so to reduce the cost which is incurred in producing the products and its
focus on making the offerings of company unique so to gain competitive advantage. It is
implemented at the time when globalization forces inculcate in the economy and previously it
only sells its offerings to Japan and export to only some countries which are located in abroad
but, with the rise of demand it started its business in foreign countries and due to this, it has
3
humans. The sharing of knowledge is for physical environment, database software and for
learning new things in the structure. (Bandera, 2017)
Nonka identified the two types of knowledge that are explicit and tacit knowledge.
This leads to the creation of SECI model and it is very much important in learning as well as
transferring knowledge. In these various stages are included such as socialization,
externalization, combination as well as internalization (F.L.Hong, 2012).
In socialization, knowledge can be transferred through practice and by observing the
actions of other parties involved. In externalization, information is gathered is converted into
the document format for making it easy to understand. In combination, both documents, as
well as information, merged together. In internalization, it can be said that the true employee
is the individual who shows dedication towards work in the job. It is required not in the
current workplace but also in future prospective. It is not only happening in the case of public
sector but, also in private sector (Zheng, 2010).
Toyota basically, implements its position in that only and treats knowledge
management as a tool which helps in managing the strategy effectively of a firm. This all can
be achieved by performing communication, support comes from top managerial positions,
developing the networks to learn, and people as well as culture and evaluation
procedure.SECI model is not a framework just to explain the approach of learning but, it also
solves the problems which arise in the case of transferring of information such as cultural
barrier (Schulze, 2013).
Importance of Knowledge in strategic development:
Strategic development refers to the planning aspect of strategy It defines separately
generic strategy and intensive growth strategies. In generic level, scope to expand its
operations in the global market scenario and in intensive growth, such actions are included
for maintaining the growth. It is related to cost differentiation as well as broad differentiation
(Tidd, 2018)
It is done so to reduce the cost which is incurred in producing the products and its
focus on making the offerings of company unique so to gain competitive advantage. It is
implemented at the time when globalization forces inculcate in the economy and previously it
only sells its offerings to Japan and export to only some countries which are located in abroad
but, with the rise of demand it started its business in foreign countries and due to this, it has
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