Knowledge Management and information Essay Example | Topics and Well Written Essays - 2750 words

Knowledge Management and information - Essay ExampleIn fact, as a medium sized organization currently employing 100 individuals, it is even more important that our alliance manage this knowledge exactly because we lack the market share and resources that large corporations have at their disposal. Therefore, at BioPack we need to be more responsive, more flexible, and make better decisions in order to sustain and release in our industry. Managing knowledge will be primary in our quest to achieve these goals.So, we need to charter ourselves what exactly constitutes knowledge. We must define this concept before we can start managing this information. According to Neil Fleming in his subject Coping with a RevolutionFirst, data is meaningless by itself, meaningless without some context that references it deep down space and measure. The pieces of data whitethorn indeed represent information, yet we need to understand this data for it to be deemed informative. Moreoer, the extent of rationality is based on the amount of associations discernable at bottom the data collected. Thus, information is manifestly an understanding of the relationships between any collected set of data. And while this information provides us with a staple understanding of relationships between data sets, it fails to provide us with either future predictions or an understanding of wherefore the data appears the way it does. So, this data collection we now deem information fails to provide knowledge. However, when a condition emerges within this information, knowledge is possible. Patterns, unlike collected data or information, are seldom static unless rather self-contextualizing. And when patterns are properly understood, we can predict with reliability how that pattern will change over a period of time. This is the embryonic stage of changing our information into a form of knowledge. When one attains a clear understanding of the underlying principles that make up these patterns th at are the basis for knowledge, wisdom, or wise decisions within the workplace become possible. It is important to note that the sequence just mentioned-data-information-knowledge-wisdom does not occur in decided stages of development. It does not take place locked up in one of our laboratories. It is ongoing, and at any given time we might be better or somewhat worse in our understanding of that data. The quality of our understanding will be key in accomplishing our goal or mission statement To create a workplace environment that encourages new ideas and new ways of solving problems in order to stimulate creation and synergism in the creation of new products. To continually delight the customer with our quality, and to be a attraction in biotechnology research. Still, all knowledge is not created equal. According to Michael Polanyi, one type of knowledge may be classified as explicit or formal knowledge, or that which can be furnish through language among individuals. The other type is deemed tacit or informal knowledge, and is rooted in individual experience, personal belief, and individual values (The Tacit Dimension 10). As