Design and development of knowledge management framework solution and strategy for manufacturing industry

Abstract

Knowledge Management deals with organizational processes and strategies to consciously manage the knowledge asset of the firm Implementing a KM system can be complex and dynamic no matter how well planned and developed Inevitably a degree of organizational inertia is focused on the current rather than the new Many organizations have realized that KM is critical both for their long term continued existence and accomplishment and building sustainable competitive advantage Various organizations have benefited from designing and implementing KM solution in their businesses and the literature is replete with success stories of organizations worldwide KM solution is to capture the explicit and tacit knowledge about people processes skills markets ompetitors customers suppliers organization environment policies procedures regulation legislation etc that exist in the organization in a structured manner and store the same as the organization asset and make available to all employees on a who need what basis for use newlinereuse revise update and create value for the organization newline