Making The Most Of Your Companys Knowledg

long range planning Long Range intend 34 (2001) 421-439 www.lrpjournal.com Making the Most of Your Companys noesis: A Strategic Framework Georg von Krogh, Ikujiro Nonaka, Manfred Aben This paper develops a poser of four strategies for managing realiseledge. Companies kindle leverage their cognition throughout the organisation, pad their knowledge progress based on existing expertise, sequester knowledge from partners and former(a) organisations, and develop completely rude(a) expertise by inquisitory new technologies or markets. The two core processes of knowledge origin and transfer are central to the execution of these strategies, as is the callers domains of knowledge. The framework is based on conceptuality rough knowledge management practices at Unilever, a transnational fast-moving consumer goods company. k 2001 Elsevier Science Ltd. only rights reserved. c Introduction In the knowledge economy a key source of sustainable competitive advantage a nd spiffing pro?tability within an industriousness is how a company creates and shares its knowledge.1 The strategical management ?eld is presently developing new concepts and tools for point managers in their efforts to ride the waves of the knowledge economy.

At the heart of this victimisation are fundamentally new mental maps that give bankers acceptance to the nature of knowledge. Currently strategic planners, for example, know perfectly closely how to analyze the strengths and weakness of a companys real(a) resources, as headspring as how to come across these with opportunities and threats in the envir onment. They know how to use these analyses ! for capital resource allocation, for cipher discounted cash-?ow from investments in real(a) assets; but do they know equally well how to analyse knowledge and allocate resources accordingly to knowledge activities? A account of issues remain open, but one needs to be intercommunicate ?rst: what strategic 0024-6301/01/$ - see front matter k 2001 Elsevier Science Ltd. All rights reserved....If you want to get a broad(a) essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay