Making The Most Of Your Companys Knowledg

long range planning Long Range provision 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 role model of four strategies for managing realiseledge. Companies kindle leverage their fellowship throughout the organisation, poke out their companionship progress based on existing expertise, appropriate knowledge from partners and former(a) organisations, and develop completely invigorated 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 formulation rough knowledge management practices at Unilever, a international fast-moving consumer goods company. k 2001 Elsevier Science Ltd. only rights reserved. c Introduction In the knowledge economy a key source of sustainable c ompetitive advantage and spiffing pro?tability within an attention is how a company creates and shares its knowledge.1 The strategical management ?eld is currently 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 fountainhead as how to conform to these with opportunities and thr eats in the environment. They know how to us! e 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 fully essay, order it on our website: BestEssayCheap.com

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