Knowledge Management Essay Example | Topics and Well Written Essays - 2250 words

Knowledge Management - Essay Example Furthermore, forces inside the industry, which include buyers, suppliers, new entrants, substitutes, and most importantly, rivalry in the industry. Therefore, the report presents knowledge management as solution to most of these problems and a tool to strengthen company’s situation. Discussion Definitions of Knowledge Management Without any doubts, for the past few decades the world has been changing at exponential rates. The ability of human mind of discover the secrets of nature, explore the seas, capture the air, fly into the sky and others have allowed us to live in a world which is a better and comfortable place. However, on the other hand, these technological advancements have really increased the amount of information and knowledge that was available before. In fact, never in the history before, we felt the need to manage the knowledge that we possess. Furthermore, the future that awaits for us where our success would be a direct result of our ability to effectively use , manage, and develop our knowledge. Technological capital and human intellectual capital may not get a place on the balance sheets of the organization but they will be getting much attention in the corporate goals, mission statements, and organizational cultures of the many companies. People understand that the only thing, which has the ability to limit them, is their ability to leverage and use the human mind (Stankosky, pp. 234-235). Despite the fact that there has a lot of research in this field and lots of ink is being devoted to the subject, yet authors and experts have not been able to reach a consensus or one unified definition for this topic. According to Robert S. Seiner, Knowledge Management can be defined as a concept in which an enterprise gathers organizes, shares, and analyzes the knowledge of individuals and groups across the organization in ways that directly affect performance (Frappaolo, pp. 26-28). According to Meredith Levinson, ‘Knowledge Management is th e process through which organizations generate value from their intellectual and knowledge based assets. According to Robert Villegas, Knowledge Management is simply the transfer of knowledge from one person to another, the result of which enables the recipient to benefit from the collected wisdom of the more experienced members of an organization or group’ (Becerra-Fernandez & Sabherwal, pp. 341-348). In other words, Knowledge Management is actually a cyclical system or a multiplier effect, which helps an organization in efficient achievement of its objectives and the same happens because the organization’s habits, planning and its execution is deeply rooted in the tacit and explicit learning of the organization (Stankosky, pp. 234-235). Why implement Knowledge Management? Following are some of the direct and clear benefits that Bobco will benefit from by the implementation of knowledge management in the organisation. First, the company would be in a great position to decrease the operational costs. Quite understandably, the market place of today has turned into a ruthless, aggressive, bloody, and destructive place where survival of the fittest is the order of the day. Even Bobco is operating in a market where the pressures for decreasing costs are increasing everyday. Despite the fact that sales have increased yet the profit margins have been shrinking due to increased pressures to outclass competitors. Attaining

PathGoal Theory Essay Example | Topics and Well Written Essays - 1250 words

PathGoal Theory - Essay Example The articles are different in the way that Chester A. Schriesheim and Linda L. Neider provide more research and literature review on the theory while Jim Bolt discusses the modern leader and importance of changing the dimension of a modern manager's role in the company. Schriesheim and Neider begin their article by mentioning the developers' definition of a leader and the functions that are supposed to be held by a modern manager of an organization. They stress that, the function of a leader is to increase "personal pay-offs to subordinates for work-goal attainment and make the path to these pay-offs easier to travel by clarifying it, reducing road blocks and pitfalls, and increasing the opportunities for personal satisfaction en route" (House, 1971, p. 324). Effective leaders assist employees in their career path that is aimed at individual fulfillment of employees and organizational benefit. Most of the investigations of House's path-goal theory have concentrated on exploring relationships between leadership behaviors (e.g., consideration and initiating structure) and outcome measures (e.g., satisfaction) while studying the impact of different moderator variables (such as task structure). House (1971), for example, found preliminary support for t he contention that situational variables may moderate the relationship of perceived initiating structure as well as consideration and such effectiveness measures as subordinate job satisfaction. The authors of the article cite Bass (1990) noting that the leader "needs to complement only what is missing in a situation to enhance the subordinate's motivation, satisfaction, and performance" (p. 627). Mentioning about over 100 studies published on the theory of path-goal leadership, Schriesheim and Neider continue the article by outlining the findings of few studies. The results of a meta-analysis of over 40 studies, Resulted in a support for the basic propositions of the theory, particularly with respect to the role of initiating structure, moderated by taskcharacteristics, on employee satisfaction. The results with respect to performance as an outcome variable and with respect to leader consideration behaviors appear to be far less consistent, and this may account for the removal of subordinate performance from the most recent statement of the theory. Another study provided by Szilagyi and Sims (1974) found that "while task characteristics moderated the relationship between initiating structure and employee satisfaction, the same was not true with respect to the relationship between initiating structure and performance". Further, Schriesheim and Schriesheim (1980) found that perceived consideration appears to be strongly related to employee satisfaction levels regardless of situational characteristics. Specifically, supportive leadership explained 63% of the variance in supervisory satisfaction scores, even after instrumental leader behaviors were paialled out. This finding is also consistent with the meta-analyses conducted by Fisher and Edwards (1988) and Wofford and Liska (1993), both finding support for a positive relationship between leader consideration and subordinate job satisfaction. Both of these meta-analyses also, however, provided only mixed results regarding the theory's proposed moderator relationships. In contrast to Schriesheim and Neider, Bolt does not refer to any studies in his article but