Analysis of Knowledge Management at the World Bank

This report provides an overview of knowledge management at the World Bank. It discusses the bank's approach to knowledge management, including its organizational structure and the use of technology, such as satellite technology, to overcome infrastructure challenges and communication gaps with clients. The report highlights the importance of knowledge management in reducing the need for repetitive tasks, minimizing errors, and facilitating informed decision-making by sharing experiences and research findings. The report also examines the World Bank's knowledge management action plan, focusing on creating a knowledge-sharing ecosystem among internal stakeholders, partners, and clients. The report emphasizes the role of external partners and shareholders in providing strategic and tactical inputs, and it concludes by highlighting the relevance of technology in addressing the bank's current challenges.

Knowledge Management in World
Bank

Knowledge management in World
Bank
 Knowledge management is a series of
steps, which includes identifying,
collecting, storing and sharing tactics
information to the individuals
throughout an organization.
 A corporation’s intranet website is an
example of a tool used in knowledge
management. Knowledge
Management is referred to as a
multidisciplinary approach in achieving
the objectives of the organization by
making the best use of the knowledge.

Knowledge management in World
Bank The organizational knowledge management theory
primarily focuses on the organizational structures
and how the organization is designed hierarchically
in order to manage the knowledge process.
 Through the implementation of Organizational
Knowledge Management Action plan which has
been developed by World Bank, which is dedicated
in focusing on creating knowledge sharing eco
system which is used applied in creating the
connectivity of internal stakeholders, partners and
clients of the firm. The key inputs from the external
partners of the bank as well as the shareholders of
the bank are both tactical as well as strategic.

Importance of Knowledge
Management theories in an
organization Spending less time in recreating the
existing knowledge – In an organization
when the information is accurate and
easily accessible, it reduces the need of
other members and management
department of the company in order to
interrupt other with chats, supports and
tickets.
 Getting the information, which are
required soon, and making fewer
mistakes – Employees in an organization
is obvious to repeat the mistakes, which

Importance of Knowledge
Management theories in an
organization Making informed decisions – With the help of
knowledge management the employees of an
organization are free to share their experiences,
lessons which are learned fro the mistakes and
proposes research on a searchable knowledge based
system. However this be helping the members of the
organization in reviewing the information shared.
This will also likely help the managerial department
in assessing multiple pieces of data and constructing
a common view point in making valuable decision.
With a documented and shared process it becomes
very easy for the members of the organization in
following the approved procedures set by the
knowledge management action plan.

Evaluation of findings and
research The present scenario of World Bank, it is only
technology which can provide an answer to
the present challenges which are faced by
World Bank. Likely James Wolfensohn says
that in many countries there is a lack of
infrastructure and electricity as well as tee
communication gap with the clients.
 The World Bank as thus selected the satellite
technology which can be the most
appropriate technology in communications
which will be able to recover the present
deficiencies of infrastructure in many
countries