The Bridge: Between Human Resource Management and Knowledge Management:
Globalization is leading to increased competition, and customer satisfaction is the key word to ensure survival and competitiveness. In such Scenario, Knowledge Management (KM) has become a must to ensure organizational effectiveness. The knowledge management theory currently reached the point of acknowledging the importance of people management themes. These two fields of Human Resource Management (HRM) & knowledge Management (KM) are still somehow as the two banks of a river. Bridging the gap by combining human resource management initiatives with those of knowledge Management will help improve organizational performance.
What is knowledge Management?
KM is a systematic approach to improve an organizations’ ability to mobilize knowledge to enhance decision-making in formulating business strategy. KM is the process that creates or locates knowledge and manages the sharing, dissemination and use of knowledge within the organization. When knowledge is used, learning takes place, which in turn, improves the stock of knowledge available to the organization. Simple KM activities consist of three activities: knowledge acquisition, knowledge dissemination and responsiveness to knowledge.
Knowledge Management (KM) is the process of creating, capturing, and using knowledge to enhance organizational performance, such as documenting and codifying knowledge and disseminating it through databases and other communication channels. However, By utilizing knowledge management, better performance can be achieved by interaction between individuals or groups. Thus knowledge management is the learned methods for knowledge sharing and interaction and, furthermore, knowledge management clarifies which way to operate.
Knowledge management should be considered an organizational process, which is use to achieve better performance due to effective knowledge sharing and organizational learning, recognizing and developing competencies, and gaining from individually different skills and knowledge. The greatest benefit gained through knowledge management is that it aims to save the most important asset in contemporary organisations, the time people have, by emitting knowledge within organisation and fostering new knowledge. There are two types of major knowledge has been identified as:-
