Knowledge Mangement: A Business Strategy

Knowledge Management During the economic change, businesses must maintain flexibility and adaptability to achieve sustainable development. The new management theory evolved to make use of its core competencies, to change product offerings and to maintain competitiveness. The general theory is knowledge management. According to a survey of 200 large corporations in the United States in 1997, 80% of companies start management knowledge projects. Both companies and non-profit organizations, such as Monsanto, Hewlett-Packard, BP, and Army, Navy, World Bank, have adopted knowledge management practices.

The time of Phil Rosenzweig has arrived. Phil is a professor of strategy and international business of the Institute for Management Development (IMD). Since 2009, he has served as the director of the IMD Executive MBA program. Professor Rosenzweig 's specialization is strategy, company performance, and complex organization design. He has written numerous articles on the management of multinational corporations. Before joining IMD, I was an associate professor at Harvard Business School from 1990 to 1996. In addition to his academic experience, he also worked at Hewlett-Packard Company in California from 1979 to 1986. He received his doctorate from Wharton School of Business. 1990 Pennsylvania State; 1980 University of California Los Angeles MBA; 1976 University of California, Santa Barbara School of Economics

One of the initial requirements for effective strategic development in business is domain knowledge and expertise. Having domain knowledge and expertise can help you understand how business is playing a role in related industries, the processes, procedures and procedures involved in the process, the resources and technology being used, the understanding of today's business environment It is indispensable to. It is not easy to plan, implement, and improvise business strategies in areas such as rapid technology development, intensifying competition, changes in customer behavior patterns, customer trends, and so on. This can have a significant impact on your business policy and business model. Therefore,

Today, the business environment is changing rapidly. As business models change to socioeconomic, shared economic, knowledge economic transformation, it is impossible to implement a strategy without strategic movements leading to changes in behavior and culture. In 2014, the Economist Intelligence Unit identified the lack of change management skills as the main reason why the strategic initiative failed. Project and project management only works if the standard matrix integrates other skills, functions, and practices. When you manage changes to the affecting companies, you will influence: organizational culture, compensation, recognition and incentive models, and existing rules. Each person refers to everyone and everyone. They are required to do things in various ways, and therefore show various behaviors. So you need to pay attention: