Tuesday, August 9, 2022

Initiatelearningknowledgecycle

Knowledge as a soft business asset is more intangible, complex, and dynamic compared to the physical asset


High organizational learning relates to high response in recognizing and addressing system constraints, and adapting to the ever-changing environment.

With the increasing pace of changes and the cutting-throat competitions, to effectively respond to the digital dynamics, either individually or collectively, continuous learning becomes an important skill for capability building and prerequisite of developing changeability.

        

Knowledge Integration Cycle


Innovation via Knowledge Transfer If you take knowledge from one context and bring it over into a new context, you have knowledge or technology transfer innovation. The border of knowledge domains has a blurred scope and knowledge is expanded in the continual base. If information is the most time-intensive piece of the innovation puzzle, then knowledge - the refined information, is one of the most dynamic and intellectually-critical puzzle pieces to make innovation a phenomenon happening across our knowledge economy.

Innercycleofknowledge As we all know knowledge is power. In fact, knowledge as a soft business asset is more intangible, complex, and dynamic compared to the physical asset. Knowledge doesn’t always inform you of true understanding, and it is not an isolated fact but needs to flow and transfer for achieving its business value.

Initiateknowledgeconnectivity Nowadays the business and the whole world are so hyper-connected and interdependent, people all over the world need to understand each other by sharing information, gaining cultural cognition, co-developing new knowledge, sparking creativity to solve problems alternatively.

Integrationofknowledgecycle Information is exponential and knowledge is only a click away nowadays. There is false information, knowledge becomes outdated sooner than you think. Knowledge is one of the most crucial assets besides people. As the "rhythm" of Knowledge Management needs to be synchronized with the rhythm of work. How can organizations today take an integral knowledge management approach to realign, recycle, and reinforce a smooth knowledge management cycle for rejuvenating knowledge transferring innovation and developing a knowledge based workforce to improve organizational learning agility and management maturity.

Intangible Knowlege Asset of the OrganizationKnowledge is power; knowledge is more intangible, complex and dynamic compared to the physical asset. Due to the exponential growth of information, the multitude of information formats, and risk/compliance concerns; managing knowledge becomes more challenging but critical for running a smart business. Knowledge Management should take a holistic approach by thinking of knowledge as the business consciousness and treating knowledge as an intangible asset of the organization.

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