CINEMA 7 Lecture Notes - Lecture 7: Knowledge Management, Knowledge Market
Document Summary
1 strengthening your organisation"s internal knowledge market (matson et. al 2003) This article talks about how organization can use knowledge to make their organization stronger, also the failures of the knowledge market, their solution. Effectiveness of knowledge management can be achieved by focusing on two levels. High level: executives must be clear about the business problems they are trying to solve. Detailed level: executives must be clear about what is blocking the flow of knowledge that could solve the business problems. Two common errors: lack of systematic approach to knowledge ignore most important knowledge assets, coordination or standardization of their knowledge assets act as a central planner (lack of flow of knowledge) (knowledge sharing happens within a market) Efficient knowledge market: they must have a high degree of: liquidity (repositories and brokers, transparency (comprehensive and consistent maps of knowledge) Lack of clarity around price price that moves independently. For sellers (value they get for sharing knowledge)
