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Project 1

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KM is a crucial element for success in modern organizations. K efforts focus on organizational objectives that include; inovation, cmpetitive advantage, cntinuous improvement, ad improved performance (WALLACE, 2007). Cmpanies have realised that the need for sharing ideas and awareness and innovation so as to succeed. Te key to the growth of companies in UAE is innovation that comes from the development of knowledge. Bsinesses have discovered that in order to increase their competitive advantage and improve their adaptability, tey need to manage their knowledge assets. Oganizations need to determined in capturing, dstributing, saring, peserving, scuring, ad valuing the precious knowledge to be able to stay ahead of their competition.

Oe of the biggest problems faced in KM involves effectively acquiring vital information. Kowledge acquisition is the process of extracting knowledge from experts and structuring this knowledge to make it readable (BARNES, 2001). Te techniques utilized in knowledge acquisition includes interviewing, oservations, potocol analysis and brainstorming. I organizations, kowledge acquisition is usually driven by the strategy. A organization determines what knowledge is needed, ad then fills in the acquiring new knowledge.

Oganizations need to find a quick and inexpensive means of finding and correctly using internal and external knowledge. Kowledge acquisition aims at codifying explicit knowledge, ad it also aims at converting tacit knowledge into an explicit form. Wth the development of new technology and the increase in competition, kowledge acquisition has become more crucial in organizations. Tis determines the long term survival of organizations. Kowledge dissemination in organizations has proven to be a vital part of organizational management of organizational knowledge. Idividuals usually do not sharing knowledge freely under all circumstances.

Mnagement needs to motivate these individuals to create, sare, ad use knowledge (RAMAN, 2003). Kowledge sharing is key for the success of organizations. Kowledge in itself is not useful when it is not available for employees to use. Knowledge itself also does not flow by its own, eployees need to share information. Kowledge sharing as one of the key steps in achieving the overall knowledge management framework. Oganization factors that. ..

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