Organizational Sustainability In Knowledge Based Organization

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Organizations today confront dynamic market rivalries and persistent technology advances; creating knowledge through development that prompts organizational sustainability in the marketplace. Today the knowledge economy has gained dominance and the key factors for competitive advantage is knowledge and its acquisition and learning. The sustainable performance of organizational activities is considered to be the function of its impact on vital capital in the world. Adjusting between distinctive innovative assets to help Knowledge and learning exercises is a firm capacity in Knowledge based organization. (King, W. 2009). The essential idea of sustainability is that maintaining or values some essential features of life into future. Recently scholars…show more content…
KM has been perceived as a standout amongst the most basic components for organizational competitive advantage. The assessment of Knowledge Management (KM) execution has gives the reference for supervising progressive learning enhancing competitiveness and furthermore perfection. (Nejati, M., Shahbudin, A., & Amran, A. 2010). The methodology of changing over the Knowledge picked up from the sources accessible to an organization and after that uniting individuals with that information is one of the definitions gave to clarify KM. The four key measurements of KM practice: the capability to find and offer existing information; the capacity to analysis and make new knowledge; a society that energizes knowledge creation and offering; and a respect for the vital estimation of knowledge and…show more content…
The resources are the basis of a business activity, we can say that the aim of knowledge management is successful use of knowledge as the key resource in knowledge economy, but also to the business resources it can either be external resource (hiring experts, software etc) or internal resource ( individual or organizational learning etc). An analysis of knowledge management activities identifies factors of critical competitive advantage for the organization. Application of knowledge management process result in the achievements of the company goals. Hence, result in reduce costs and increased profits. Knowledge management is a very helpful managerial tool which predicts the future of the company and help sustaining competitive advantage. However, many organizations have not executed knowledge management in their key vision, mission and objective.(Nejati, M., Shahbudin, A., & Amran, A. 2010). One of the key benefits of introducing KM practices in organizations is its positive impact on organizational performance. However, it is how firms leverage their KM resources to create unique KM capabilities that determine a firm’s overall effectiveness. All the more in this way, since organizations with high KM abilities in a key territory can react rapidly to strategic moves by

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