2. “KM [Knowledge Management] involves blending a company’s internal and external information and turning it into actionable knowledge via a technology platform.”
6. In simple language KM is an effort to capture not only explicit factual information but also the tacit information and knowledge that exists in an organization, usually based on the experience and learning of individual employees, in order to advance the organization's mission. The eventual goal is to share knowledge among members of the organization.
9. “Knowledge management (KM) is an effort to increase useful knowledge within the organization. Ways to do this include encouraging communication, offering opportunities to learn, and promoting the sharing of appropriate knowledge artifacts.”
11. The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms.
12. Globalization: the expanding scale, growing magnitude, speeding up and deepening impact of transcontinental flows and patterns of social interaction
13. (Economic) Globalization: “… (The) integration of national economies into the international economy through trade, direct foreign investment…short-term capital flows, international flows of workers and humanity generally, and flows of technology…”
![Contemporary<br />Contemporary theories of management tend to account for and help interpret the rapidly changing nature of today’s organizational environments. As before in management history, these theories are prevalent in other sciences as well. <br />Contingency Theory<br />Basically, contingency theory asserts that when managers make a decision, they must take into account all aspects of the current situation and act on those aspects that are key to the situation at hand. Basically, it’s the approach that “it depends.” For example, the continuing effort to identify the best leadership or management style might now conclude that the best style depends on the situation. If one is leading troops in the Persian Gulf, an autocratic style is probably best (of course, many might argue here, too). If one is leading a hospital or university, a more participative and facilitative leadership style is probably best.<br />Learning Organization<br />Organizing ideas of the quot;
Why Bother?quot;
section were to have been:<br />Because we want superior performance and competitive advantage<br />For customer relations<br />To avoid decline<br />To improve quality<br />To understand risks and diversity more deeply<br />For innovation<br />For our personal and spiritual well being<br />To increase our ability to manage change<br />For understanding<br />For energized committed work force<br />To expand boundaries<br />To engage in community<br />For independence and liberty<br />For awareness of the critical nature of interdependence<br />Because the times demand it<br />Knowledge Management<br />,[object Object]](https://image.slidesharecdn.com/managment-100926163426-phpapp01/85/Managment-1-320.jpg)
![“KM [Knowledge Management] involves blending a company’s internal and external information and turning it into actionable knowledge via a technology platform.”](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)