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Essay / Research Paper Abstract
The phrase “knowledge is power” is often used and usually taken to be true. If this is correct then the use of knowledge by an organization should help create a competitive edge or competitive advantage. This 11 pages paper explores the use and development of knowledge, how it can help and uses a case study to show how knowledge can be the source of a sustainable competitive advantage. The bibliography cites 8 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEcompknow.rtf
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Unformatted sample text from the term paper:
it into knowledge that can be utilised. If the assessment is correct then the development of knowledge inside an organisation should then lead the organisation to gaining a competitive edge
over those who do not have knowledge. In order to assess this we need to look at the concept of knowledge, what it is and the way in an organisation
can create it and use it to add value. After looking at the idea and use of knowledge we will then consider how it is applied to giant an
advantage by using an example. Levinson (2005) points out that information alone is not knowledge and not all information will have value, to add value information and intellectual
resources, such as intellectual capital in order to create knowledge that can then be used. R. Gregory Wenig takes a similar approach,
Wenig and Levinson are in agreement that to be of value the knowledge need to be developed into a form there it is able to add value to an
organisation, in effect become wisdom. Wenig looks at how knowledge is gained and then used (KMF, 1996). Knowledge, it is argued is gained from experience as well as the collection
of information, the experience may be the companies own experience, or that of others (KMF, 1996). Thomas Bertels also states that this needs to be a constant renewal to make
user knowledge is accurate and up to date and circumstances change and as such so does the relevant valuable knowledge (KMF, 1996) Wenig
makes the link between the need to learn and the way knowledge is created, from this we can see the link to organisational learning and also looks to the way
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