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Knowledge Management Techniques in B - Schools - With Special Reference To Entry and Exit Points
Knowledge Management Techniques in B - Schools - With Special Reference To Entry and Exit Points
Knowledge Management Techniques in B - Schools - With Special Reference To Entry and Exit Points
Abstract
The management education in India is education is passing through a critical stage.
undergoing turbulent time. This is creating a The field has unfortunately grown
sad plight of management education in India. quantitatively and not qualitatively, which is
In any B – School the most important aspect is expected from field. The crisis in the field can
admissions, placements and the alumni base of be explained with the help of following figure.
the B – School. The author believes that if
knowledge management (KM) techniques are No Admissions
applied in the B – School will probably help
the management education in India. It is a bit Baggage about No Money spent
difficult to study on all the aspects of the B – the Institute on Training
School Management. Hence, emphasis will be
given on the entry point and the exit point of
the B – School i.e. the admissions, placements No Quality
and alumni. To put forth our point we will take Placements
a case of a B – School where we will be
applying KM techniques. Fig 1: Vicious circle for management
Keywords: Introduction, KM Techniques, institutes
Case History, Logic for KMS in management Based on the above figure the management
institute, Case Research, Implication, institutes are not able to get admissions due to
Conclusion, References.
which they are not in a position to spend the
money on the training of the students. This
1. INTRODUCTION
results in no placements and ends up into
Education system in India ranges back to 2000 having the baggage about the institute in the
years. The very first university was set up in market. The corporate sector has jobs but they
India which had not less than 10000 students are having jobs for the students who are
in its campus which included foreign students skilled, dynamic and highly talented. Due to
also. After independence the government the scenario the students who are average in
decided to create such knowledge reservoirs nature are not able to fetch jobs in the market.
that will impart quality education to the This becomes a vicious circle for the institute,
people. The management education in India is which with the help of KM techniques may be
now more than 50 years old. The first decade overcome.
of management education was only for the
practicing professionals. For the purpose of 2. KM TECHNIQUES
study we will have be limiting ourselves to
2.1 What is Knowledge?
Pune market. In last eight years the Data transformed into information and
management education has seen the information transformed into knowledge
mushrooming of management institutes. Due (Refer Fig 2)
to this mushrooming the management
Data processes that are taking place in it, the source
of the knowledge about the participants of the
environment (Legenzova, 2007). In scientific
Information literature knowledge is studied in two aspects:
Knowledge knowledge as practical information, and
knowledge as production, as a product of
selling and buying. The first aspect analyses
Fig 2: Knowledge Creation knowledge that is applied to solve tasks and
problems as well as in decision making (Wiig,
Knowledge can be defined as “the
1993, 1995). That is why to manage
understanding that is obtained through
knowledge means to form them
experiences or proper research.”
systematically, renew and apply them. That is
Knowledge has become an
why it is possible to state that knowledge is
increasingly critical resource, and it is almost
any word, fact or example, event, rule,
impossible to gain competitive advantage
hypothesis or model that strengthens
without managing it strategically. Knowledge
understanding and actions. Knowledge
is information that managers and workers
management means the formalization of them,
transform, contextualize and apply in order to
the access to practical experience, expert data,
create value for the business, which in turn
which create new possibilities to stimulate
allows it to remain in the market (Pearlson &
innovation and raise the price of usage. The
Saunders, 2004). Knowledge also occurs when
second aspect claims that knowledge is what
people add their own experience and judgment
the majority of organizations produce sells
to the already existing information (Kidwell,
and buy (Prusak, 2001). By solving different
Vander Linde, & Johnson, 2000).
tasks it is necessary to develop knowledge and
Combe (2006) divides knowledge into
apply it effectively.
four types:
An effective knowledge management
Explicit Knowledge: The formal knowledge of system (KMS) can prove to be a key to
the company in the form of documents, etc. success for an organization. KM system may
Tacit Knowledge: stored in employees’ minds, enable the stakeholders, students,
also called “know-how.” administrators, faculties and the management
Theoretical Knowledge: in other words, the to store, access and retrieve the documents,
reason for this particular knowledge. courseware, corporate linkages and external
Strategic Knowledge: commonly called knowledge repository. KMS is a process
“know-what,” which implies knowledge that is through which institutes can generate value
relevant for decision-making and for adding from their intellectual property. KMS involves
value to the company. creation, distribution and utilization of
2.2 What is Knowledge Management? knowledge created in the Institute. The
O’Leary in the year 2000 defined knowledge implementation of KMS can lead to better
management as “the strategies and practices decision making and increased productivity
that are used to attempt to create and distribute for the institutes. KM is a term that has not
and enable adoption of strategic insights and only gained credibility over the years by virtue
specific experiences”. of the increased research projects on the
The term knowledge management is subject but also through the increased
older than twenty years. The American application of it as a management tool within
scientist Wiig was the first to use the term business organisations. In 2000, Rowley
“manage the knowledge” in 1986 during the (2000) asked the question, “Is Higher
international conference in Switzerland. Education ready for Knowledge
Information and its availability are one of the Management?”
core conditions for market functioning and it The management institutes have started
is very important for its surroundings, the understanding the importance of implementing
KM. They have understood that if the staff For the knowledge creator, his/her
comes together and works it will certainly knowledge reaches a wider section of
increase in the performance of the institute the community, attributing importance
regarding the admissions and placements of to his/her study and secondly, collect
the students. If the institute is able to increase critical opinions on any
the performance level of the staff for these two topic/idea/method leading to the
activities then the institute will be able to betterment of his/her own project.
establish its brand value in the market.
However, getting people together in an 3. CASE HISTORY
institute becomes a task for management. To
implement KMS in an institute the institute It is already defined that if the admission and
uses different techniques. These include panel the placement functions of the institute have to
discussions, regular meetings etc. run smoothly then the team members working
Today’s management education is in these functions should be very transparent
facing the most important challenge of with each other. KMS will help the
admissions. It’s not that the market is not in a institutions to learn from the environment and
position to offer jobs. However, the market include the knowledge gained from the
has become choosy and is offering jobs to the screening into the admission and the
right candidate which does not yield placement strategy of the institute. KMS will
admissions to the institutes as they are not in a also help in solving the issues inter personal
position to place all the students taken issues of the team members who are into these
admission with them. two functionalities of the institute.
Implications of KM A management institute was set up in
The benefits of using Knowledge management the year in 2004 by a leading educational
can be summarized as follows: group in Pune. The group has been into the
KM would help institutes capture the field of education since 1990. The group under
tacit (hidden) knowledge and its aegis has engineering, pharmacy and hotel
experience of faculty and student, management institutes. The group had
pertaining to projects and courses decided in the year 2003 to enter into the field
usable by a larger community over a of management education. As per their
longer period of time strategy they have started the management
KM would increase the pace and wing with MBA and MCA as two courses in
efficiency of research by (a) the year 2004 with required permissions and
decreasing the time spent in doing affiliations. Due to the boom in management
education the group introduced more
Mundane activities (b) finding the
management courses and few short term
right guidance to derive help from (c)
management courses.
facilitating inter-disciplinary
3.1 Problem Statement
collaboration. This would make
The institute since its inception in 2004 never
optimum use of resources both
saw a downfall in the admissions and
tangible and human
placements. The institute was able to place
KM would enable the creation of an
80% of the total intake that was sanctioned to
auxiliary mentor system making the
them. The institute had allocated team who
learning curve less steep for students
had a full time job for doing admissions and
as it will solicit relatable and practical
placements. However, since 2008 the institute
student contributions to organizational
is undergoing a major problem of admissions
knowledge. It enables guided
and placements. The strategy for admissions
exploration in ones stream of interest
and placements was designed in 2008 went
and the scope of study possible within
fail. The institute was only able to place 50%
immediate environment
of the sanctioned intake and the total students
who were admitted for the 2008 batch were Knowledge framework is a multi
90% of the sanctioned intake. The placement dimensional however; for the purpose of our
and admission ratio went down drastically to case study we have only considered one
15% and 5% respectively till 2012. parameter of the framework (Refer Fig 3).
The trust has decided to investigate the Any management institute needs to collect,
issue and apply knowledge management analyze and store knowledge with them (Chou
techniques to overcome the problem with the and Tsai, 2004). The institute has to ensure
help of committee. that the knowledge that has been stored in
domain specific. The objective is to create
4. LOGIC FOR KMS IN institutional based knowledge instead of
MANAGEMENT INSTITUTE working on personal knowledge.
Use of Domain
Knowledge Knowledge