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Essay / Research Paper Abstract
A 9 page outline of ten examples of best practices in knowledge management. The late Peter Drucker warned decades ago that virtually all workers in the future (i.e., now) would be knowledge workers. Information technology has come to provide the backbone of business operation rather than merely recording historical results as it did only a generation ago. Today's firms must seek out greater speed, efficiency and cost savings as never before. The paper provides five "best practices" in seeking out quality, speed and flexibility, followed by five more "best practices" in using information as a business asset. Bibliography lists 16 sources.
Page Count:
9 pages (~225 words per page)
File: CC6_KSmgmtKMbest.rtf
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Unformatted sample text from the term paper:
The one thing certain about business today is that it is changing and will continue to change in the future. Those organizations best able to take advantage of the
changes occurring in their markets, their customers, their employees and their reach are those achieving the greatest success in the current business environment, and they can be expected to be
the ones that make the greatest gains in the future as well. The late Peter Drucker warned decades ago that virtually all workers
in the future (i.e., now) would be knowledge workers. Information technology has come to provide the backbone of business operation rather than merely recording historical results as it did
only a generation ago. Todays firms must seek out greater speed, efficiency and cost savings as never before. Following are five "best practices" in seeking out quality, speed
and flexibility, followed by five more "best practices" in using information as a business asset. Quality, Speed, and Flexibility A. Dissemination of general-interest information (Geerts and Myunghee, 2005). 1. CPA firms creating
and maintaining blogs to communicate with clients (Smith, 2004). a. Advantages i. Serves the same purpose as a form letter. ii. Is better received than a form letter. iii. Can create new business for
the company. iv. Communication can be two-way. v. Keeps clients informed without involving impersonal letters or costly telephone call time. b. Disadvantages i. Clients must actively seek out the blog site. ii. Must be updated
regularly to be effective and to maintain traffic. 2. Also useful for law firms. B. Reduce time involved in financial reporting while promoting greater accountability (Busco, Frigo, Giovannoni, Riccaboni and Scapens, 2005;
p. 34). 1. General Electrics integrated governance. a. Advantages. i. Requires the attention of the CFO in leading "compliance, performance measurement, and knowledge management through the organization" (Busco, et al., 2005; p. 34).
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