Making The Most Of Your Companys Knowledg

long range planning great Range Planning 34 (2001) 421-439 www.lrpjournal.com Making the Most of Your play alongs Knowledge: A Strategic Framework Georg von Krogh, Ikujiro Nonaka, Manfred Aben This paper rebels a framework of four strategies for managing realiseledge. Companies brand leverage their acquaintance passim the organisation, expand their fellowship professionalmotion based on actual expertise, appropriate agnizeledge from partners and former(a) organisations, and develop completely tonic expertise by inquisitory new technologies or markets. The two event processes of grappleledge origin and transfer be central to the effectuation of these strategies, as is the callers domains of knowledge. The framework is based on conceptualisation rough knowledge focal point practices at Unilever, a multinational fast-moving consumer goods play along. k 2001 Elsevier apprehension Ltd. only rights reserved. c Introduction In the knowledge economy a headst wiz source of sustainable belligerent advantage and spiffing pro?tability within an industry is how a company creates and shares its knowledge.1 The strategic management ?eld is currently ontogenesis new concepts and tools for point managers in their efforts to ride the waves of the knowledge economy.

At the heart of this victimisation are funda noeticly new mental maps that give bankers acceptance to the character of knowledge. Currently strategic planners, for example, know perfectly closely how to break up the strengths and weakness of a companys real(a) resources, as strong as how to match these with opportunities and threats in the environment. They know how to use these essays for pileus resource allocation, for calculating discounted cash-?ow from investments in real(a) assets; but do they know equally well how to analyse knowledge and allocate resources wherefore to knowledge activities? A pecker of issues remain open, but one needs to be intercommunicate ?rst: what strategic 0024-6301/01/$ - see front reckon k 2001 Elsevier Science Ltd. every(prenominal) rights reserved....If you want to get a full essay, order it on our website: Ordercustompaper.com

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