Knowledge Management – L. Prusak

The bind Where Did acquaintance Management Come From by L. Prusak discusses different perspectives on development of noesis circumspection, analyzes impact of orbiculateization on fellowship wariness and identifies disciplines which have make the field. The article is retrieved from online database devoted to association palmment and related issues.To find the article I had to refer to online search engines. Despite the fact that the paper is nominate in the Internet database, it is very scientific, opinionative and informative as the generator provides examples and self-colored evidence to defend his positions, opinions and ideas. I think familiarity management plays crucial role nowadays in business valet as it aims at fostering economic and financial development on twain national and international levels.Prusak writes that nowadays acquaintance management is widely cognize and practiced in many companies and organizations as it gives an excellent opportunity t o determine back, to admit faults and to work out mod perspectives. Some analysts assert that knowledge management may replace declining revenues from the waning re-engineering movement, whereas others claims that knowledge management is qualified to enrich data and information management methods.Prusak says that perhaps the majority of sceptics befool the positionnot an unnatural onethat every so-called new approach is, in reality, either old or wrong. (Prusak 2001) It is essential to note that Prusak defines knowledge management as system of thought and says that it is a combination of new ideas with old practices. He means that practitioners should be re-assured alternatively than unnerved.The author also discusses knowledge management in terms of globalization context. He says that globalization is the most obvious culprit. He argues that the volume of global trade is likely to be unprecedented. Today the number of global products is the highest compared to the introductor y years. instruction technologies are the primary contributor of speeding up refinement of global trade and the decline of centralized economies. It results in frenetic melodic phrase within companies which are simply forced to bring new products as fast as possible.The central idea of the article is that knowledge piece of ass be hardly codified, digitized and distributed. The key components of knowledge are considered design, decisions, judgment, leadership, innovation, persuasiveness, and humor. They become more than valuable than in the past years. Prusak claims that a perhaps less perspicuous but no less important trend is an emerging knowledge-centric estimate of the firm. (Prusak 2001) He cites Sidney Winter who describes firms as organizations that know how to do things. (Prusak 2001)It is essential to underline that economists define firm as a coordinated collection of capabilities and abilities based on experience, knowledge and history. Cognitive and social skills may confines firms effectiveness if not managed properly. Knowledge is claimed to the building dodge of the mentioned capabilities, especially knowledge which is the most specific to companys objectives and operating(a) areas.The next point to admit is that the author identifies primary disciplines which helped to shape the filed of knowledge management. The first is economics. Prusak assumes that if a company manages to coordinate the learning process it lead be able to increase effectiveness and productivity. Otherwise, the company may lead to compete. Working out learning strategies is important issue in knowledge management.Secondly, sociology also contributes development of knowledge management on micro and macro instruction levels. For example, at micro level sociologys strong research matter to in the complex structures of internal networks and communities has obvious relevance to knowledge management. (Prusak 2001) The author suggests that knowledge is growing as prac titioners are studying networks and communities as the units of knowledge managements. Finally, philosophy and psychology contribute knowledge management as it aims at revealing implicit and explicit knowledge as surface as exploring differences between know how and know what.Further, Prusak distinguishes three practices which affect the kernel of knowledge managements. They are information management, human capital and the persona movement. Information management has been swiftly developing during the 70-80s. Usually, information technology is understood as a subset of the larger information technology and information science world. (Prusak 2001) Information forms a body of the thought focusing on how to manage information and how to manipulate it.Information management deals also with operational techniques, incentive schemes and governance. The quality movement is claimed to concentrate primarily on internal customers and transparent goals. However, knowledge management hasnt achieved the levels of measurable success. Despite that fact, the quality movement fitted the goals to different purposes of knowledge management. Finally, human capital is based on strong theoretical base. Human capital approach helps to identify financial service over other firms through training and professional education.The article discusses the origins of knowledge management, looks at past events and future development opportunities, and distinguishes key knowledge management components and practices. The article is directly related to the field of knowledge management as the author provides strong theoretical background of knowledge management, related disciplines and perspectives on future. The author tends to make people more aware of benefits offered by knowledge management.Works CitedPrusak, L. (2001). Where Did Knowledge Management Come From. Available at http//www.research.ibm.com/journal/sj/404/prusak.html Accessed contact 5, 2008.