Page 233 - DCAP208_Management Support Systems
P. 233

Management Support Systems




                    Notes              Legitimating: Consensus between participants is not sufficient to validate the knowledge
                                       put in the system. This one cannot be validated in the classic sense, because it deals with
                                       personal and collective knowledge that is very particular to the enterprise, to the highest
                                       level, and for which external model of reference never exists. The only possible validation
                                       is obtaining a consensus from a “peer committee“, in general constituted by other actors
                                       of the knowledge network or related actors.
                                       Approval: The knowledge, once legitimized, must be endorsed by the hierarchy that
                                       gives it an official and productive status in the organisation. This stage is the starting point
                                       for project dissemination and use in the company.
                                       Appropriation: It is clear that a Knowledge Management system doesn’t have an interest
                                       if there is no appropriation and no evolution of the knowledge in the enterprise. It is an
                                       ending step that initializes a “virtuous knowledge cycle”. Up to now, one knows very few
                                       about how to correctly perform this phase.

                                   This set of key factors show, if still needed, that the Knowledge Management in an enterprise is
                                   a complex process, that must be implemented progressively and in a rather long perspective.
                                   In this domain, as in many others, there are no miracle tools or methods capable to solve any
                                   problems. In this domain, more that elsewhere, we deal with knowledge, a matter that concerns
                                   human being since the beginning of mankind!

                                   Self Assessment


                                   Fill in the blanks:
                                   14.  The ................... are the ferments of a global and strategic Knowledge Management
                                       approach.

                                   15.  The ................... strategy is a strategy of constant effort and cumulative effect, which perfectly
                                       suits the cumulative economic nature of knowledge.




                                     Case Study  Knowledge Management

                                     Practice of Knowledge Management

                                     Wal-Mart is an American multinational corporation running a chain of large discount
                                     departmental stores and warehouse in several countries. Wal-Mart inc. was started in 1962
                                     and incorporated officially in 1969 and began trading stock as a publicly held company in
                                     1970. At current, Wal-Mart international experiences a rapid growth and it has acquired 4,
                                     573 stores along with 730,000 associates evident in 14 countries that are out of the US
                                     continent. The company has wholly owned operations in Brazil, Argentina, Canada and
                                     the United Kingdom. In addition to these wholly owned international operations, Wal-
                                     Mart has several joint ventures in China as well as a number of majority owned subsidiaries.
                                     Wal-Mart operates under different banners in most of its international stores but they all
                                     work towards the same goal; enabling their customers save money and live a better life.
                                     Knowledge management refers to the practices and strategies that a company uses in an
                                     attempt to create distribute and enable adoption of strategic insights and specific experiences
                                     (O’Leary, 2002). This knowledge can be embodied in either individual or organizational
                                     practices or processes. Successful business firms and companies have committed hefty
                                     investments towards development of internal knowledge management efforts. One such

                                                                                                         Contd....



          226                               LOVELY PROFESSIONAL UNIVERSITY
   228   229   230   231   232   233   234   235   236   237   238