The Competitive Advantages For A Company Business Essay

In organisation, the director is the individual who will hold duties to do determination for every scheme to run.

Data, information will go a cognition but how to utilize it is more of import. There are some competitory Advantages when the director can command and utilize the cognition.First, knowledge direction helps the directors create the acquisition and invention civilization for company which aid keep the competitory place. To pull off the cognition inside the company, the director will make working status which is the free sharing cognition environment for employees will better the cognition degree but it can ne'er take away the cognition from them.

For illustration: when I worked for the medical equipment company 2 old ages ago, people here worked in the sharing cognition environment. Peoples sharing cognition together, it improves the effectivity of the occupation. Besides, it helps company holding the friendly on the job status and all the occupation was done fluently.Second, through KM, the leader of company can run into the chances to maximise the benefit for the company. The manner the directors catch up the new information and reassign it into his cognition, so it will assist them a batch in doing determination seasonably and precisely about cheaper cost ; higher quality at same cost ; aim a different section etc. therefore they can dispute with their rivals in the market place.

For illustration: when the directors have the information about the market like new policies publishing, the fluctuation of involvement rates of exchange rates, the increasing of oil monetary value or existent estate, they will hold the right determination for the developing schemes of company like the instance at the terminal of 2008, some of the gum elastic production companies in Viet Nam had the information of natural stuff increasing, so they analyzed, forecasted and tried to roll up every bit much as possible the natural stuff of gum elastic. As a consequence, the gum elastic production companies which have knowledge direction good gained the large net income in twelvemonth 2009 about more than 400 % and have the bigger advantage in market.Third, the good cognition direction can make the competitory place for endeavors. With corporations or organisations, the clients play the most strategically of import function. To function the clients good and keep that relationship, the concern should utilize the cognition to cut down their rhythm clip, shorten merchandise development clip, and better client service.

How much informations and information about clients that they have will assist them to better the cognition about the behaviours, civilization and the trueness of their clients to dispute with their rivals in the market place.

KM on back uping directors:

Pull offing the cognition twine will assist the director go a great scholars, minds and performing artists. As we can see that, the informations and information presents are much more than in the yesteryear, and they are besides easier to reach through the improving of engineering like cyberspace, cell phone, telecasting, the fact, books and etc. Learning, believing and executing from those resources help the directors excessively much in make the new cognition.

For illustration: During the on the job clip in Medical company, the director was really cagey. She ever learnt form activities around and shared her cognition to people. Sometimes, when she got problems, she asked the employees around foremost, so she found the information on cyberspace, eventually she brainstormed to use it into her concern.KM helps the director and the concern innovating, making the new thoughts and utilizing the possible thought of organisation.

From at that place, the directors can increase the quality of determinations and rational activities. By sharing the cognition and working in squad, the new thoughts will be formed by the thought of every person. When working in squad, people will portion ideas together. The good thoughts will be contributed through the remarks from the other people in squad. There are many successful coming from the little thought.

For illustration, `` Jacob and Susan D'Aniello, 32 and 31 severally with DoodyCalls corporation, headquarter located at Washington DC, with gross about 1million per twelvemonth, their thought came from the cleaning up Canis familiariss crap in the pace, portion etc. '' or `` Bill Thomas, 53 twelvemonth old with BioScientific Inc. , headquarter located at Phoenix, Arizona, with gross over 1million per twelvemonth, their thought came from bring forthing particular fertiliser from chicken crap with Guano Plus name '' .KM besides helps director deriving more experiences and transforming it into paperss which can utilize when demand it to avoid errors subsequently clip.

When the cognition is saved in papers, it will be easier to happen and utilize once more. For illustration, most of Bank in Vietnam, the information of the clients ever saves in file and on computing machine, so when they need every information of clients, they will easy happen it.

Managerial accomplishments need:

The rapidly development of engineering has effected to the directors today. More and more cognition transportation between silent cognition and explicit cognition, so that the directors should accommodate with the new changing. Therefore they should hold some accomplishments need for the new state of affairss to utilize the cognition for the organisation.

First, in the organisation, the ways to reassign cognition to the employees are really of import, so the accomplishment demand for the cognition reassigning procedure is communicating accomplishment. In corporation, the directors should reach with their staffs, employees or workers to research and cognize the cognition degree of their labour force. From that, they use their communicating accomplishment to convey the cognition demand to their labour force to better their cognition degree. For illustration: in my internship term in ACB bank, I saw that the director of this subdivision frequently went down to the staffs working topographic point to see, speak and understand the working abilities and how their employees work.

After that, he decided some staffs to fall in into developing category to better the cognition for the occupation demand.Second, determination devising accomplishment is besides really of import to the director in KM to take the organisation to last in the market. It is really clear that every move of concern base on the determination of the director. The effects of cognition in the concern operation are really immense and there are many illustrations of right or incorrect determination all over the universe, for blink of an eye, in twelvemonth 2002 Yokel! had a opportunity to purchase Google for a mere about $ 5 billion but Yahoo did n't make that so now they lose a opportunity to purchase Google because of the market value of Google about $ 170billion.

In Vietnamese parlance has `` a millimetre to a stat mi incorrect '' , therefore the director should be ever smart, careful and determined when doing determination.

Decision:

In recent old ages, the Management of Knowledge has been one of the concerns of many concerns or organisations. This paper led you to the definition of informations, information, and cognition and besides the cognition direction. It besides led you to the chief parts of this paper including in 3 parts: the first is the competitory advantages that the cognition direction brings to the concerns.

The 2nd part is the benefits that the director additions from direction of cognition. Last, another relevant part is accomplishments demand for the director when utilizing and presenting the cognition in the concern.