Knowledge Management Report: Resource Commitment and Company Size

This report examines the critical role of resource commitment in knowledge management, focusing on the differences between large and small organizations. It explores how resource allocation impacts the effectiveness of knowledge management practices, highlighting that larger organizations often have a significant advantage due to their greater financial and managerial resources. The report discusses the implications of this advantage, including improved knowledge sharing, more effective risk-taking, and better overall business development. It also emphasizes the importance of strategic resource allocation for maximizing the benefits of knowledge management. The report concludes by discussing the benefits of effective resource allocation and its role in creating a competitive edge.

Knowledge Management

TABLE OF CONTENT
Better position of large companies to provide resource commitment for knowledge management
(KM)................................................................................................................................................1
Discussion and analysis or role of resource commitment and KM practices of organizations . .1
Implications of resource commitment for effective KM ............................................................1
REFERENCES ...............................................................................................................................3

Better position of large companies to provide resource commitment for
knowledge management (KM)
I completely agree with the given statement that as compare to small or medium
enterprises, large size organisations are in better position for resource commitment and thus they
are able to have more productive and profitable KM practices.
Discussion and analysis or role of resource commitment and KM practices of organisations
Resource commitment is known as the willingness and capability to provide all necessary
resources and support services to accomplish a particular goal. In order to sustain the success and
high quality performance it is mandatory for the organisations to utilise the information and
knowledge resources for the commercial profitability and purpose organisations in suitable
direction (Hislop, Bosua and Helms, 2018). However small size organisations have limited
resources and scope to access or implement the knowledge required for the success.
On many occasions medium or small organisations are not able to identify the innovative
or competitive knowledge which is vital for the long term growth. Even if they have access to
such knowledge then also they have restrictions in terms of finance or managerial resources to
transform that knowledge into profits. Contrary to this large size organisations does not face any
challenges and it is easy for them to explore the KM practices (Omotayo, 2015). Thus
knowledge management becomes more productive and effective as accurate resources are
available to appropriate team members or responsible. On the other hand small firms have
limited assets and thus resources are allocated on the basis of priority needs and situational
demands (Liebowitz and Frank, 2016).
Implications of resource commitment for effective KM
Easy availability of resources, huge scope and better resources to use knowledge make
large organisation more productive in terms of gaining advantages from KM practices. Effective
resource commitment of large organisation also allow them to regularly improve KM approaches
and to take risks for exploring future opportunities. It is very critical for the organisation to
effectively and properly allocate the resources for achieving goals. The proper allocation is also
vital for managing and applying knowledge in appropriate directions. In large organisations
resource allocation is accomplished in more organised and clear manner. Contrary to this limited
assets and resources in small size organisations often creates a mismanagement and improper
resource allocation leading to less productive knowledge management practices. The wide range
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of resource allocation also make it easy for the large organisation to analyse the performance and
effectiveness of each KM practices making them in better position to respond.
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REFERENCES
Books and Journals
Hislop, D., Bosua, R. and Helms, R., 2018. Knowledge management in organizations: A critical
introduction. Oxford University Press.
Liebowitz, J. and Frank, M. eds., 2016. Knowledge management and e-learning. CRC press.
Omotayo, F.O., 2015. Knowledge Management as an important tool in Organisational
Management: A Review of Literature. Library Philosophy and Practice. 1(2015). pp.1-
23.
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