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               There               are               several               tools               that               assist               in               everyday               situations               and               planning               procedures               such               as               daily               production,               cost               control,               quality               control,               inventory               control,               maintenance,               and               staffing               schedules.

Some               of               the               tools               used               in               these               functions               are               "reports,               spreadsheets,               charts,               and               graphs,"               (Legenza               Live               Chat               8,               2011).

These               tools               provide               historical               data               and               can               assist               in               making               current               and               future               decisions               based               on               that               data.

For               example,               a               manager               could               use               past               data               regarding               labor               usage               to               more               accurately               predict               future               labor               needs.
               Analytical               tools               can               also               be               utilized               to               improve               production.

For               example,               if               reports               indicate               a               deficiency               in               certain               areas               of               production,               a               manager               would               be               better               able               to               pinpoint               these               areas               and               make               the               necessary               changes.

This               would               also               be               useful               in               most               other               areas               of               operations               management               such               as               staffing,               maintenance,               etc.

Certain               reports               are               especially               useful               in               maintaining               and               improving               inventory               levels.

This               could               have               a               huge               impact               on               inventory               costs               and               the               cost               of               materials.
               I               believe               that               analytical               reports               are               an               important               factor               and               a               useful               tool               for               every               division               of               an               organization.

Of               course               some               departments               depend               on               them               more               so               than               others.

The               accounting               and               finance               departments               depend               almost               complete               on               these               types               of               tools.

The               majority               of               their               work               revolves               around               facts,               figures,               and               numbers.

Operations               managers               can               also               use               these               tools               to               improve               the               overall               function               of               their               department,               but               there               is               also               a               "hands               on"               element               in               their               work               that               most               other               departments               do               not               have.
               When               using               analytical               tools               such               as               graphs,               charts,               and               spreadsheets               there               is               always               the               possibility               that               some               of               the               data               was               entered               incorrectly.

Even               though               a               computer               and               software               created               the               analysis               a               human               had               to               put               the               numbers               into               the               system.

These               mistakes               can               cost               an               organization               thousands               if               not               millions               of               dollars               and               unnecessary               waste               in               human               resources               and               materials.

Most               departments               have               a               system               of               checks               and               balances               in               place               to               try               to               catch               these               mistakes               before               they               are               actually               used               to               make               any               final               decisions,               but               there               is               still               always               the               possibility               of               errors.

This               isn't               always               the               case               due               to               the               fact               that               there               are               machines               and               equipment               that               are               directly               linked               to               computers               and               send               various               types               of               data               automatically,               but               generally               most               information               is               input               by               people.
               Although               analytical               tools               and               various               types               of               software               are               extremely               useful               to               an               organization,               it               cannot               replace               the               knowledge,               leadership               and               decision               making               abilities               that               come               with               experience.

A               spreadsheet               or               graph               can               tell               a               manager               how               many               people               he/she               should               schedule               for               a               particular               shift               based               on               historical               data,               but               it               cannot               lead               or               motivate               the               employees.

There               is               no               substitute               for               human               intuition.

Each               person               in               an               organization               has               a               different               personality               and               needs               to               be               treated               according               to               their               personality               type.

Various               types               of               computer               software               can               make               suggestions               as               how               to               handle               certain               situations,               but               it               takes               the               experience               of               a               manager               to               know               how               to               handle               the               different               aspects               and               unique               characteristics               of               each               problem               that               may               arise.

I               have               worked               in               a               few               different               types               of               industries               and               experienced               many               types               of               situation               or               problems,               but               I               have               never               been               motivated,               inspired,               or               encouraged               by               a               computer.
               Technology               has               advanced               over               time               and               has               been               able               to               create               computer               systems               that               can               actually               "learn"               or               think               to               a               certain               extent.

"According               to               an               article               in               The               New               York               Times               entitled,               "Computers               Learn               to               Listen               and               Some               Talk               Back",               scientists               at               Microsoft               have               created               a               computer               that               has               the               ability               to               understand               speech,               recognize               pediatric               conditions               and               reason               according               to               simple               rules               and               to               make               an               initial               diagnosis               of               a               childhood               ailment               and               its               seriousness.

It               is               a               very               plain               looking               avatar               and               has               somewhat               jerky               motions               and               speech               patterns,               but               otherwise               has               the               mannerisms               of               a               human               being.

This               computer               is               used               as               a               receptionist               in               a               pediatric               physician's               office.

Its               creator,               Eric               Horvitz,               intended               to               show               how               people               and               computers               may               communicate               in               the               near               future,"               (Lohr               &               Markoff,               2010).
               According               to               another               article               in               The               New               York               Times               entitled               "Aiming               to               Learn               as               We               Do,               a               Machine               Teaches               Itself",               technology               is               expanding               and               growing               at               a               very               rapid               pace.

Scientists               are               actually               building               computers               that               can               think               and               emulate               human               understanding.

"The               Never-Ending               Language               Learning               System,               or               NELL,               has               made               an               dramatic               showing               so               far.

NELL               scans               hundreds               of               millions               of               Web               pages               for               text               patterns               that               it               uses               to               learn               facts,               390,000               to               date,               with               an               estimated               efficiency               rate               of               87               percent.

In               addition,               NELL               learns               facts               that               show               relationships               between               components               of               two               categories.

For               example,               Peyton               Manning               is               a               football               player               (category).

The               Indianapolis               Colts               is               a               football               team               (category).

By               scanning               text               patterns,               NELL               can               deduce               with               a               high               probability               that               Peyton               Manning               plays               for               the               Indianapolis               Colts               even               if               it               has               never               read               that               Peyton               Manning               plays               for               the               Colts.

"Plays               for"               is               a               relation,               and               there               are               280               types               of               relations.
               The               number               of               categories               and               relations               has               more               than               doubled               since               earlier               this               year,               and               will               steadily               increase.

NELL               is               only               one               project               in               a               growing               field               of               research               and               investment               aimed               at               enabling               computers               to               better               understand               the               meaning               of               language.

Many               of               these               efforts               tap               the               Web               as               a               rich               trove               of               text               to               assemble               structured               ontologies,               formal               descriptions               of               concepts               and               relationships,               to               help               computers               mimic               human               understanding,"               (Lohr,               2010).

As               for               the               question,               "Do               computers               think               or               learn               from               their               mistakes?"               I               guess               in               a               very               basic               sense               the               answer               is               yes,               to               an               extent.

Can               they               manipulate               or               change               their               environment?

That's               kind               of               a               scary               subject               that               I               hate               to               even               think               about.

I               guess               in               a               very               basic               sense,               they               can               change               their               environment.

Certain               computers               can               control               the               temperature,               lighting               and               level               of               sound               in               their               environment,               but               other               than               something               as               simple               as               that,               I               wouldn't               think               so.

But               then               again,               I'm               majoring               in               business               management,               what               do               I               know?

It               seems               to               me               that               mankind               is               trying               very               hard               to               make               itself               obsolete.
               References
               Lohr,               S.

(2010,               October               4).

Aiming               to               Learn               as               We               Do,               a               Machine               Teaches               Itself.

The               New               York               Times.

http://www.nytimes.com/2010/10/05/science/05compute.html
               Lohr,               S.

&               Markoff,               J.,               (2010,               June               24).

Computer               Learn               to               Listen,               and               Some               Talk               Back.

TheNew               York               Times.

Retrieved               from               http://www.nytimes.com/2010/06/25/science/25voice.html






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                   In               recent               years,               knowledge               management               (KM)               has               created               a               competitive               advantage               for               business               helping               it               to               understand               its               customer               needs               and               wants.

    The               evidence               of               this               is               in               the               substantial               growth               in               the               consulting               sector.

    One               of               the               primary               services               rendered               is               solving               the               problem               of               making               decision-making               information               visible               so               that               that               business               can               act               in               response               to               trends               revealed               by               that               information.

    The               byproduct               of               the               process               becomes               KM.

    To               take               this               one               step               further,               does               knowledge               management               create               a               competitive               advantage               for               business?
                   Business               functions               on               two               knowledge               types,               they               are               codified               and               tacit.

    To               understand               the               difference               in               the               two               knowledge               types,               W.

    F.

    Lever               defines               them               this               way,
                   "Codified               knowledge               or               information               is               widely               available               through               tele-communications               systems               such               as               the               Internet.

    It               facilitates               most               businesses'               efficiency               by               widening               supplier               bases               and               access               to               markets,               notifying               the               existence               of               producer               services,               widening               labour               sheds               and               labour               fields,               and               providing               financial               information.

    However,               as               it               is               available               to               all               at               low               or               zero               cost,               is               ubiquitous,               and               is               unambiguous,               it               confers               no               competitive               advantage               on               its               recipients.

    Tacit               knowledge,               on               the               other               hand,               is               available               only               to               limited               numbers               of               contacts,               often               requires               to               be               passed               face-to-face               because               it               is               important               that               risk               and               ambiguity               be               minimised,               and               does               confer               competitive               advantage               on               its               recipients               (p.

    861)."
                   In               the               context               of               codified               and               tacit               knowledge,               KM               accounts               for               both               types,               blends               them               and               seeks               to               leverage               them               to               the               fullest               extent               of               competitive               advantage.

    The               field               of               KM               is               not               new,               but               the               practical               understanding               and               formalized               approach               to               analyzing               knowledge               for               business               application               is               a               fairly               recent               discipline.
                   Certain               types               of               business               have               been               knowledge               intensive               for               most               of               their               existence.

    Knowledge               intensive               firms               are               fairly               easy               to               recognize               like               accounting,               law               and               medical               practices.

    They               depend               greatly               on               accumulated               bodies               of               knowledge               that               are               codified.

    A               concise               definition               of               these               business               types               is,               "a               company               where               most               of               the               work               can               be               said               to               be               of               an               intellectual               nature               and               where               well               qualified               employees               form               the               major               part               of               the               workforce."               (Robertson               and               Hammersley               p.

    241)               Much               of               what               happens               with               KM               also               translates               into               a               Corporate               IQ               where               firms               predicate               their               KM               systems               on               the               ability               to               connect,               share               and               structure               information               (Haeckel               and               Nolan               p.

    126).

    The               higher               the               Corporate               IQ,               the               better               the               connection               and               sharing               of               structured               information               within               the               organization.

    That               being               said,               not               all               KM               has               to               be               completed               in               the               form               of               computer               systems               and               electronic               networks.
                   Historically,               one               can               deduct               that               a               KM               could               be               seen               as               books               in               a               firm's               library               in               combination               with               briefs               or               files               that               refer               to               past               business               activity.

    The               hand               written               or               type               annotations               could               give               a               newly               minted               accountant,               lawyer               or               doctor               a               relatively               strong               sense               of               direction               about               where               the               firm               was               headed               in               the               past               and               what               the               future               path               should               look               like               going               forward.

    They               would               also               be               able               to               determine               the               value               of               their               contribution               by               looking               at               their               own               specialized               training               against               the               historical               references               to               see               if               they               were               a               good               fit               for               the               organization.

    At               that               point,               the               knowledge               management               cycle               for               understanding               of               legacy               knowledge               would               be               complete               and               new               knowledge               could               be               added               to               the               knowledge               base               for               others               to               access               going               forward               into               the               future.
                   To               achieve               and               maintain               a               competitive               advantage               by               leveraging               KM,               a               firm               is               faced               with               several               challenges.

    One               is               ensuring               that               the               knowledge               the               company               holds               is               imitable               but               only               to               the               extent               that               it               can               be               done               so               internally               to               the               business.

    As               Russell               Coff               et.

    al.

    states,               "If               a               firm               is               fortunate               enough               to               obtain               such               resource               [knowledge],               those               assets               will               still               probably               be               scarce,               even               within               the               firm.

    For               example,               if               an               individual               has               valuable               tacit               knowledge               that               attracts               customers,               the               demand               for               his               or               her               time               will               quickly               exceed               supply               (Teece,               1982).

    Thus,               to               leverage               tacit               knowledge               into               a               significant               advantage,               the               firm               must               be               able               to               'scale               up'               to               meet               demand               for               the               resource."               The               major               hurdle               then               becomes               achieving               the               scale               that               is               necessary               to               distribute               the               knowledge               effectively               so               that               others               in               the               business               can               use               it               for               the               firm's               success.
                   Another               challenge               business               faces               is               having               the               correct               enablers               in               places               to               facilitate               KM.

    Heeseok               Lee               and               Byounggu               Choi               identified               that               care               is               a               key               enabler               which               enables               knowledge               to               be               created               and               shared               without               concern               for               the               implications               of               offending               people               in               the               process               (p.

    188).

    For               some               organizations,               re-engineering               their               structure               (both               physically               and               mentally)               becomes               too               high               a               price               for               the               firm               to               pay.

    The               potential               yield               in               competitive               advantage               is               not               great               enough               to               risk               changing               the               status               quo.

    For               example,               a               business               like               product               assembly               has               primary               business               objectives               that               are               not               currently               well               suited               for               modern               KM               systems;               thus               KM               would               not               be               a               distinct               advantage               for               them               to               pursue.

    This               is               due               primarily               to               factors               related               to               the               direct               output               of               the               business.

    Product               assembly               has               standardized               workflow               and               codified               business               processes.

    Once               the               assembly               line               is               working               to               construct               the               end               product;               little               knowledge               related               changes               will               occur               during               the               product               life               cycle.

    Thus               a               KM               could               easily               be               reduced               to               manuals,               policies               and               procedures.

    The               published               or               electronic               library               might               cost               more               than               the               products               being               assembled.
                   Without               a               high               value               placed               on               professional               learning               and               collaborative               workspace,               KM               may               generally               fail               to               reach               its               full               potential               in               the               organization.

    Carol               Rozwell               highlighted               this               fact,               "Unfortunately,               fewer               companies               are               addressing               the               synergistic               connection               among               knowledge               management,               collaboration               and               learning               by               instituting               a               learning               strategy               and               architecture               that               supports               the               range               of               activities               required               for               learning               and               performance               (p.

    2)."               Providing               knowledge               workers               with               appropriate               access               to               both               elements               proves               costly               in               time               and               money.

    The               cultural               change               required               to               accommodate               the               functions               is               also               not               an               easy               pill               for               business               to               swallow.
                   A               final               KM               issue               that               should               be               highlighted               is               that               the               lack               of               a               coherent               business               model               designed               with               KM               in               mind,               will               cause               any               competitive               advantage               create               by               KM               to               evaporate.

    Without               the               processes               and               accountability               clearly               defined               for               the               information               being               housed               in               KM               systems,               the               firm               will               always               have               the               Information               Technology               (IT)               department               acting               as               a               conduit               between               the               management               policy               and               its               execution               (Haeckel               and               Nolan               p.

    127).

    This               proposition               truly               adds               in               overhead               that               can               stifle               the               successful               distribution               of               knowledge               within               the               organization               base               only               on               the               overhead               created               by               having               an               additional               department               creating               the               KM               model               as               it               see               fit.
                   When               business               takes               on               KM               and               implements               it               properly,               the               function               yields               advantages               that               go               beyond               the               bottom               line.

    Gautam               Rey               et.

    al.

    provide               a               clear               example               of               this               advantage,
                   "In               the               context               of               the               customer               service               process,               it               is               the               knowledge               that               the               IT               manager               possesses               about               the               customer               service               process,               the               knowledge               that               the               customer               service               manager               possesses               about               the               potential               opportunities               to               apply               IT               to               improve               customer               service,               and               the               common               understanding               between               the               IT               and               the               line               manager               regarding               how               IT               can               be               used               to               improve               customer               service               process               performance               that               constitute               the               construct               we               refer               to               as               shared               knowledge.

    Shared               knowledge               is,               therefore,               an               important               capability               that               enables               the               organization               to               conceive,               effectively               implement,               and               use               IT               applications               to               improve               customer               service               process               performance               (p.

    631)."
                   This               illustration               points               to               the               connections               within               KM               that               make               it               a               key               tool               for               competitive               advantage.

    It               highlights               the               sharing               nature               of               KM,               the               link               between               IT               and               KM               and               finally               the               potential               improvement               that               can               be               unlocked               in               the               process               of               applying               KM               effectively.
                   Xerox               Corporation               commissioned               a               study               to               determine               the               application               of               KM               in               the               European               business               community.

    The               figures               below               indicate               how               serious               business               is               about               the               application               of               KM:
                   87%               of               directors               believe               they               could               enhance               their               company's               competitiveness               if               they               improved               the               way               they               manage               knowledge.

    64%               believe               retaining               knowledge               workers               is               more               important               than               cutting               costs.

    Only               19%               disagree.

    76%               agree               that               building               and               sharing               knowledge               is               important               for               their               company.

    When               looking               at               the               usefulness               of               KM,               the               results               are               just               as               supportive:
                   83%               say               IT               has               increased               productivity,               and               only               19               percent               say               it               has               reduced               creativity.

    83%               agree               that               when               it               comes               to               specifying               an               IT               system,               considering               the               impact               of               IT               on               employees               is               an               important               factor               (Williams,               p.

    8).

    Allan               Williams               defines               the               survey               scope               by               stating               that,               "The               survey               interviewed               1,004               directors               or               their               deputies               in               six               European               countries               -               the               UK,               France,               Italy,               Germany,               Sweden,               and               Switzerland.

    All               of               the               companies               involved               have               a               turnover               of               more               than               UK£75M               (¢¬118M)               and               nearly               all               have               more               than               500               employees.

    Respondents               came               from               a               cross-section               of               industries               (finance,               manufacturing,               pharmaceutical               and               utilities)               and               departments               (IT,               Finance,               HR,               and               Purchasing)               (p.

    8)."               This               is               by               no               means               inclusive,               but               serves               as               a               solid               bench               mark               for               the               establishment               of               KM               in               business.
                   Caterpillar               Corporation               is               a               perfect               example               of               KM               that               improves               the               bottom               line.

    The               corporate               culture               has               always               been               one               of               openness               and               sharing               according               a               Jim               Coffey,               a               31-year               employee.

    Building               upon               75               years               of               successful,               informal               KM,               Caterpillar               built               the               Knowledge               Network               on               an               established               foundation.

    As               organizational               change               moved               the               company               from               silos               to               business               units,               the               over               70,000               employees               found               it               difficult               keep               track               of               their               counter               parts               who               had               been               their               subject               matter               experts               over               coffee               or               lunch               discussions.

    The               solution               became               the               Knowledge               Network               (Powers,               pp.

    41-42).
                   The               analysis               of               Caterpillar               by               American               Productivity               and               Quality               Center               (APQC)               as               reported               by               KM               Review               looked               at               the               investment               Caterpillar               made               in               the               Knowledge               Network               and               the               estimated               return               on               investment               (ROI).

    In               2000               until               2003,               $2.5               million               was               spent               on               the               system.

    Through               increase               efficiency               and               productivity               as               well               as               cost               reduction,               the               estimated               savings               generated               by               this               KM               system               is               projected               to               be               $75               million               (pp.

    6-7).

    As               the               article               explains,               "Caterpillar               saved               $10               for               every               $1               spent               (p.

    7)."               This               was               demonstrated               by               the               bolted               joints               and               fasteners               and               Caterpillar               dealer               service               training               communities               ROI               figures               of               212%               and               738%               respectively               (p.

    7).
                   Another               example               of               KM               being               effectively               applied               comes               from               the               oil               land               gasoline               sector.

    Steve               Prokesh               highlights               some               of               the               changes               that               occurred               at               British               Petroleum               (BP)               based               on               former               chief               executive               officer               Sir               John               Browne's               adaptation               of               KM.

    The               flattening,               connecting               and               realignment               of               BP's               business               structure               took               the               company               from               being               an               also-ran               to               being               one               of               the               top               performing               companies               in               its               sector.

    BP               actually               resembles               a               high               technology               software               or               hardware               company               more               than               a               typical               oil               firm.

    The               strategy               to               leverage               knowledge               better,               faster               and               more               effectively               than               their               competitors               has               transformed               BP               completely.

    As               Sir               John               Browne               states,               "Any               organization               that               thinks               it               does               everything               the               best               and               need               not               learn               from               others               is               incredibly               arrogant               and               foolish               (p.

    147)."               This               point               drives               right               to               the               heart               of               KM.

    KM               is               shared               and               facilitates               learning,               sharing               and               innovation.

    Without               effective               KM,               BP's               story               might               be               radically               different.

    As               a               result               of               KM,               BP               moved               from               being               heavily               in               debt               ($16               billion               down               to               $7               billion)               to               being               able               to               re-invest               in               better               technology               and               processes               to               further               its               advantage               in               oil               exploration               based               on               excess               profits               (p.

    148).
                   At               Skandia               AFS,               the               measurement               of               KM               extends               further               into               the               role               of               intellectual               capital,               a               single               attribute               of               KM.

    Using               a               model               called               the               Skandia               Navigator,               which               they               describe               as               a               "'taxonomy               of               intellectual               capital               reporting,'               where               intellectual               capital               is               'hidden               values               of               an               organization.

    It               is               a               management               and               reporting               model               that               helps               manager               visualize               and               develop               measures               that               reflect               the               intangible               assets               (Skyrme               and               Amidon               p.

    22)."
                   Illustration               1
                   The               Skandia               Navigator               model               a
                   Source:               Skyrme,               David               J.,               and               Debra               M.

    Amidon..

    "New               measures               of               success."               Journal               of               Business               Strategy               19.1               (Jan.

    1998):               20               illustration               2.
                   a               The               illustration               shows               the               people,               process               and               technology               involved               in               KM.
                   As               David               Skyrme               and               Debra               Amidon               explain               the               Navigator,
                   "A               tool               such               as               the               Navigator               takes               several               years               to               develop               and               apply               in               a               given               organization.

    In               Skandia's               case,               the               first               stage               was               gaining               the               acceptance               of               the               notion               of               measuring               intellectual               capital.

    The               second               stage               was               the               development               of               appropriate               metrics               for               the               business               unit               selected               for               the               pilot.

    The               third,               and               most               difficult               stage,               was               gaining               commitment               from               senior               management               to               apply               it               throughout               the               whole               organization.

    (p.

    22)"
                   Table               1
                   Example               of               Measures               Used               in               the               Scandia               Navigator               (DIAL)               b
                   Source:               Skyrme,               David               J.,               and               Debra               M.

    Amidon..

    "New               measures               of               success."               Journal               of               Business               Strategy               19.1               (Jan.

    1998):               20               table               1.
                   b               The               table               shows               the               tangible               RIO               achieved               by               placing               a               valuation               on               intellectual               capital               and               its               cultivation.
                   As               a               result,               the               Navigator               has               become               a               model               that               is               well               qualified               to               measure               RIO               at               Skandia               on               intellectual               capital               which               feeds               KM.
                   The               help               KM               succeed               within               business;               best               practices               should               be               applied               to               ensure               momentum               and               progress.

    Jeff               Mann               defines               the               following               KM               best               practices:
                   Encourage               employees               take               a               personal               stake               in               making               the               KM               work.

    Provide               change               agents               and               mentors               who               understand               and               believe               in               the               initiative               to               help               others               who               are               in               the               middle               ground.

    Make               KM               processes               part               of               the               everyday               work               processes.

    No               separation               or               additional               overhead               required               to               execute               the               processes.

    Use               KM               or               lose               KM.

    Understand               that               the               question               of               how               to               use               knowledge               is               more               important               than               how               to               collect               knowledge.

    Look               for               multipliers               that               make               KM               an               easy               win.

    Evaluate               areas               that               are               already               in               the               practice               of               using               KM.

    Highlight               them               as               examples               to               other               business               units               that               currently               don't               have               KM,               but               should               follow               the               leader               in               adapting               to               the               system.

    Sell               the               business               value,               not               just               the               concept.

    Without               marketing               how               the               new               processes               and               system               will               improve               people's               work,               KM               is               not               going               to               take               root.

    Place               discussion               in               terms               of               business;               working               smarter               not               harder.

    Do               not               get               caught               in               the               pay               for               play               model.

    Encouraging               the               adoption               of               KM               is               appropriate,               but               without               incentives.

    Monetizing               the               KM               behavior               may               ultimately               undermine               its               acceptance               as               just               another               scheme               rather               than               an               organizational               change               (pp.

    2-5).

    Keeping               mind               that               this               is               not               an               exhaustive               list               of               best               practices,               but               a               solid               place               to               start,               business               can               benefit               by               understanding               at               the               outset               how               to               make               KM               work               before               the               first               line               of               instruction               is               typed.
                   In               conclusion,               KM               can               yield               a               distinct               competitive               advantage               for               firms               that               are               inherently               geared               toward               the               consumption               and               creation               of               knowledge.

    The               practical               application               is               not               without               peril,               especially               to               organizations               that               have               management               styles               and               structure               which               are               not               flexible               enough               to               adapt               to               the               practice.

    Some               business               sectors               have               been               practicing               KM               for               quite               a               time,               long               before               "knowledge               management"               became               a               field               of               study.

    Many               firms,               such               as               high               technology               software               and               hardware               companies,               build               their               organizations               from               the               ground               up               using               KM               as               the               cornerstone.

    Other               business,               product               assembly,               may               not               need               KM               to               be               successful               in               the               current               business               climate.

    As               well,               current               ROI               figures               for               KM               point               to               an               increase               in               savings               or               profit,               but               are               anecdotal               at               best.

    This               is               not               to               say               that               KM               does               not               yield               competitive               advantage.

    It               does               indicate               that               KM               is               a               significant               contributor               to               competitive               advantage               and               overall               business               success.

    The               climate               is               changing               and               KM               will               become               the               standard               by               which               the               best               in               business               will               be               separated               from               the               rest               in               business.

                   Works               Cited
                   Coff,               Russell               W.,               David               C.

    Coff,               and               Roger               Eastvold.

    "THE               KNOWLEDGE-LEVERAGING               PARADOX:               HOW               TO               ACHIEVE               SCALE               WITHOUT               MAKING               KNOWLEDGE               IMITABLE."               Academy               of               Management               Review               31.2               (Apr.

    2006):               452-465.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    19               Apr.

    2008.

    <               http://search.ebscohost.com               >.
                   Haeckel,               Stephan               H.

    and               Richard               L.

    Nolan.

    "MANAGING               BY               WIRE."               Harvard               Business               Review               71.5               (Sep.

    1993):               122-132.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    11               Apr.

    2008.

    <               http://search.ebscohost.com               >.
                   Lee,               Heeseok               and               Byounggu               Choi..

    "Knowledge               Management               Enablers,               Processes,               and               Organizational               Performance:               An               Integrative               View               and               Empirical               Examination."               Journal               of               Management               Information               Systems               20.1               (Summer               2003):               179-228.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    11               Apr.

    2008.

    http://search.ebscohost.com.
                   Lever,               W.

    F.

    "Correlating               the               Knowledge-base               of               Cities               with               Economic               Growth."               Urban               Studies               39.5/6               (May               2002):               859-870.

    Academic               Search               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    1               June               2008.

    http://search.ebscohost.com.
                   Mann,               Jeff.

    "Best               Practices               for               Knowledge               Management,               2007".

    Gartner               Incorporated.

    Stamford,               CT.

    31               Aug               2007.
                   "Measuring               knowledge               networks               at               Caterpillar."               KM               Review               7.3               (July               2004):               6-7.

    Academic               Search               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    31               May               2008.

    http://search.ebscohost.com.
                   Powers,               \/icki.

    "Virtual               Communities               At               Caterpillar               Foster               Knowledge               Sharing."               T+D               58.6               (June               2004):               40-45.

    Academic               Search               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    29               May               2008.

    http://search.ebscohost.com.
                   Prokesch,               Steven               E.

    "Unleashing               the               Power               of               Learning:               An               Interview               with               British               Petroleum's               John               Browne."               Harvard               Business               Review               75.5               (Sep.

    1997):               146-168.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    11               Apr.

    2008.

    <               http://search.ebscohost.com               >.
                   Robertson,               Maxine,               and               Geraldine               O'Malley               Hammersley..

    "Knowledge               management               practices               within               a               knowledge-intensive               firm:               the               significance               of               the               people               management               dimension."               Journal               of               European               Industrial               Training               24.2-4               (2000):               241.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    19               Apr.

    2008.

    <               http://search.ebscohost.com               >.
                   Rozwell,               Carol.

    "Findings:               What's               Learning               Got               To               Do               With               It?"               Gartner               Incorporated.

    Stamford,               CT.

    9               Apr.

    2008.
                   Skyrme,               David               J.,               and               Debra               M.

    Amidon..

    "New               measures               of               success."               Journal               of               Business               Strategy               19.1               (Jan.

    1998):               20.

    Business               Source               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    26               May               2008.

    http://search.ebscohost.com.
                   Williams,               Alan.

    "KM-project               ROI               should               be               visible               to               directors."               KM               Review               5.6               (Jan.

    2003):               8.

    Academic               Search               Premier.

    EBSCOhost.

    Excelsior               Coll.

    Lib.,               Albany,               NY.

    29               May               2008.

    .






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