Gitarattan International Business School

BIA

Name- Divya Arya

Enrollment no- 35480003918

Date- 28.03.2020

ASSIGNMENT

QUES. Explain the role of explicit and tacit knowledge?

Knowledge can be defined as individual Understanding of the subject

matter and its concept and how concepts relate to form the larger body of

knowledge . knowledge can be defined as a set of understanding in a

particular domain or field .knowledge is the awareness and understanding

of particular aspects of reality .knowledge is the result of knower’s active

engagement with the object of knowledge.

Explicit Knowledge

Explicit knowledge resides in an organization in terms of reports,

documents, manuals, procedures etc. They are easy to communicate and

share in comparison to tacit knowledge. Explicit knowledge can be stored

in way of data or best practices and can easily be transmitted or shared

using IT tools. Here IT plays an important role to maintain explicit

knowledge. Explicit knowledge alone can't create a learning organization .

Tacit knowledge

Tacit knowledge is relatively hard to code and extract. Tacit knowledge is

probably the most important part of knowledge management and it doesn’t

solely need to be discovered, captured but it has to be, also, disseminated

so that more and more people can benefit from this shared knowledge.

Tacit knowledge can be defined as “work related practical knowledge

learned informally on the job”

Most of the tacit knowledge is acquired from experience, which is able to

help to a better understanding of the present situations. For example, you

buy a cookbook in order to learn to bake bread, the book gives you the

recipes, the ingredients, the techniques .

Personal knowledge -. Tacit knowledge is part of an individual’s

understanding and it is tied to other personal understandings and it can

also be shared with others, which hold similar tacit knowledge. This shared

tacit knowledge is often conceptualized as being organizational knowledge

but in essence it has personal roots.

QUES.Explain in detail about different components of knowledge management?

Components of Knowledge Management

Based on actual experiences of the leading global KM case studies, the

components for KM can be broadly categorized into three classes –

 People

 Processes

 technology

While all three are critical to build a learning organisation and get business

results from KM, a majority of organisations worldwide implementing KM

have found it relatively easier to put technology and processes in place,

whereas the "people" component has posed greater challenges. The

biggest challenge in KM is to ensure participation by the people or

employees in the knowledge sharing, collaboration and re-use to achieve

business results. In many organisations, this requires changing traditional

mindsets and organisational culture from "knowledge-hoarding" (to keep

hidden or private) to "knowledge-sharing" (share among team members)

and creating an atmosphere of trust. This is achieved through a

combination of motivation / recognition and rewards, re-alignment of

performance appraisal systems, and other measurement systems. A key to

success in Knowledge Management is to provide people visibility,

recognition.

The Process component include standard processes for knowledge-

contribution, content management (accepting content, maintaining quality,

keeping content current, deleting or archiving content that is obsolete),

retrieval, membership on communities of practice, implementation-projects

based on knowledge-reuse, methodology and standard formats to

document best-practices and case studies, etc. It is important for processes

to be as clear and simple as possible and wellunderstood by employees

across the organisation. KM technology solutions provide functionality to

support knowledge-sharing, collaboration, workflow, document-

management across the enterprise and beyond into the extended

enterprise. These tools typically provide a secure central space where

employees, customers, partners and suppliers can exchange information,

share knowledge and guide each other and the organisation to better

decisions. The most popular form of KM technology enablement is the

Knowledge-Portal on the Corporate Intranet (and extranets where

customers, partners and/or suppliers are involved). Common technologies

used for knowledge portals include standard Microsoft technologies or

Lotus Notes databases. A company must choose a technology option that

meets its KM objectives and investment plan. While technology is a key

enabler to KM, it is important to ensure that the technology solution does

not take the focus away from business issues and is user-friendly and

simple to use. Many companies have made the mistake of expending.

disproportionately high portion of their KM effort and resources on

technology - at the cost of people-involvement or strategic commitment -

resulting in zero or very limited business results. It is also important to

remember that users of the KM system are subject-matter experts in their

respective areas of specialization and not necessarily IT experts.

QUES .Explain the knowledge management process and asset?

Knowledge Management Asset

Typically, there are six knowledge assets in an organisation (Marr, 2003),

namely:

1) Stakeholder relationships: includes licensing agreements; partnering

agreements, contracts and distribution agreements.

2) Human resources: skills, competence, commitment, motivation and

loyalty of employees.

3) Physical infrastructure: office layout and information and communication

technology such as databases, e-mail and intranets.

4) Culture: organisational values, employee networking and management

philosophy

. 5) Practices and routines:formal or informal process manuals with rules

and procedures and tacit rules, often refers to “the way things are done

around here”.

6) Intellectual Property: patents, copyrights, trademarks, brands, registered

design and trade secrets.

Knowledge management process.

a) Quality process: The corporation adapted international standards such

as COPC and BS ISO/IEC 17799:2000 as quality goals and continuous Six

Sigma process improvement.

b) Strong management team: ICICI has team with a proven track record in

financial services, technology, process and change management;

international and culturally diverse team based in the UK, the US and India;

and independent and experienced board of directors.

c) Proven record of managing relationships: ICICI has successful joint

ventures with leading international financial services companies and

relationships with global financial corporations developed over the last 50

years of its existence.

d) Domain expertise and experience: ICICI has proven expertise in offering

BPO services to leading Fortune 500 and FTSE 100 companies.

IOneSource can leverage the expertise of its parent and group companies.

e) Business continuity: ICICI has multiple centers in multiple cities;

interconnected & redundant telecom network; and verified disaster

recovery plans and processes.

Knowledge management processes maximize the value of knowledge

assets through collaboration, discussions, and knowledge sharing. It also

gives value to people’s contribution through awards and recognitions.

Process includes generation, codification (making tacit knowledge explicit

in the form of databases, rules and procedures), application, storing,

mapping, sharing and transfer. Together these processes can be used to

manage and grow an organisation’s intellectual capital. C