Mentoring and Career Development
Mentoring is one of the most effective career development program these days. In India it is gaining popularity even among SMEs (Small medium enterprises). It is in fact one of the better ways to foster relationship within individuals across the organizational hierarchy. Mentoring is a process of developing formal relationships between junior and senior members […]
Efficient Transfer of Learning during Training
Needless to say, training in an organization is aimed at evolving existing ways and patterns of work. It is aimed at individual development, which cannot happen until there is a transfer of learning from the trainer to the trainee and the same is reflected in their work finally. But how can this learning be maximized […]
HR Challenge: Both Ageism and Youngism are Forms of Discrimination at the Workplace!
What are Ageism and Youngism and Why They Matter to America Inc? Of late, there has been much discussion about how the Ageing Boomers are retiring, or on the verge of retirement, while younger Gen Zers are entering the post pandemic workforce, while the Millennials are settling into managerial positions. These workforce trends are indicative […]
Recruitment and Retention
The problem of retention begins with recruitment! In most of the organizations the recruitment function operates independently of the retention department. HR people have so far been naive to the direct relationship between the two and the resulting increase in employee turnover. It is therefore in the interest of organizations to understand how the hiring […]
Components of a Career Development System
A career development system includes a variety of components for use in the organizations. In order to increase the efficiency of the system, the HR mangers must have complete knowledge about these tools since they play a role of consultant when employees and supervisors use this system. Plus, they are responsible for designing and developing […]
It has been extensively identified that knowledge is an important aspect for an economy to develop. We are seeing a lot of transformation rapidly happening in our society. Every day we are seeing that we are becoming more and more dependent on knowledge. If this is the case with our societies, the scenario is not much different for organizations. Nowadays, if top management is asked to underline a single resource which is most critical for their organization to achieve and sustain competitive advantage, most of them will be selecting - “Knowledge”. With such an importance to knowledge, managing it has become a serious concern for organizations. An organization which can built excellent process to manage knowledge, certainly will have a competitive edge over its competitors.
Agreeing on the existing concentration by organizations and the character of extreme competition, a critical activity taken up by them is knowledge management.
Knowledge management (KM) cannot be achieved with a single definite activity. It involves an assortment of activities. These are usually referred to be knowledge activities. The utilization of the knowledge activities at the resources connected to knowledge which is limited and assisted through an extensive choice of aspects will result in KM.
Research studies do indicate a number of knowledge activities which are important. Some of them are as below:
Research studies indicate that knowledge transfer deserves the most careful attention among these activities so that the organizations can manage knowledge successfully.
The conveying of knowledge from one member to another member of organization involves knowledge transfer. Though this is a simplified definition, knowledge transfer itself is a complex process. First of it has to be noted that the knowledge conveyed is correct and also it should reach the proper member of the organization. In addition, the timing and form of the knowledge which is conveyed should also be accurate. Above all these aspects, the expense of this conveyance should be within acceptable limit. When all these are achieved, the knowledge transfer can be termed as successful. So as to garner profits of knowledge management, it is critical that knowledge transfer has to be done successfully.
In the existing phase where technologies are rapidly developing to share information, organizations are giving more emphasize to knowledge transfer. In addition to this, it must be noted that the created knowledge will help to attain improved performance for an organization when the transfer process takes place. There is no use in keeping the knowledge at the originating location. It has to be passed to the location where it can be exploited to the advantage of organization. Such an exploitation generates value for the organization, which in turn, bring to it the required competitive advantage. So, it is essential that an organization has to put firm foundation for the process targeted at achieving knowledge transfer.
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