In the new foundation of world business, only the learning organizations will survive. The most important prerequisite for movement from a traditional and incoherent organization into a dynamic and coherent one is “organizational knowledge management”. Knowledge management can be simply defined as “motivating individuals to share their knowledge with others.
The base of wealth creation in today’s world is knowledge and expertise, so that entrepreneurs create wealth using their knowledge and information.
A Study on the Feasibility of Knowledge Management System Implementation in Finance and Credit Institutions (Case Study: Kosar Finance and Credit Institute)
by Ahmadreza Shekarchi Zade, Ali Cheraghi
http://research.iaun.ac.ir/pd/shekarchizadeh/pdfs/PaperM_9404.pdf
Introduction
In the new foundation of world business, only the learning organizations will survive. The most important prerequisite for movement from a traditional and incoherent organization into a dynamic and coherent one is “organizational knowledge management”. Knowledge management can be simply defined as “motivating individuals to share their knowledge with others (Farnialo, 89).
The base of wealth creation in today’s world is knowledge and expertise, so that entrepreneurs create wealth using their knowledge and information. In The Wealth Creators, Lister Taro predicts a revolution which has taken its movement force from thoughts and introduces the contemporary era as the age of new knowledge and expertise ascendency, emphasizing that the winners in the industrial revolution will be those who understand the nature of the wealth pyramid in a knowledge-based economy earlier than others.
In today’s world two main features of which are increasing complexity and abundant and rapid change, inflexibility and agility of organizations is supplied via knowledge achievement as the key factor of success. Knowledge is known as the alchemy of organizations and a means of creating competitive advantage (Greiner, 2007). Today, all organizations and companies of the world have realized the benefits of knowledge use. Unlike material capital whose value is reduced if it is used, the value of knowledge capital increases when it is used (Davenport & Prusak, 2000). The importance of knowledge and its use has been emphasized in different areas including: social sciences for the purpose of realization of class-free societies and egalitarian distribution of income, organization and management as the key to survival and success and sustainable competitive advantage achievement, and economy as the strategic asset (Azari & Amoyi, 2007), so that today economy has turned into a knowledge-based economy. In this economy, 1) the main resource is knowledge, as the main resources in industrial economy are natural resources and capital, 2) the intangible assets, services and brands are more important than tangible assets for success of today’s companies, and 3) the world is in the form of a network supported by advanced communicative technologies, causing knowledge to pass through the borders and distances without any limitation (Cantner, 2009).
Today, the economy of countries has turned into knowledge and knowledge creation, because knowledge is the origin and base of competitive advantage achievement. It is through correct production, distribution and consumption of knowledge that an organization’s profitability can be ensured. For this important purpose, the staff should become learners and constantly update their knowledge. In individual learning, the ability, capacity and capabilities of individuals increase, eventually leading to a learning organization. A learning organization involves providing cultural, human and technological infrastructures and should be strengthened by designing a knowledge management system (Soltani, 2010).
In the two recent years, knowledge management as a strategic subject has attracted the attention of top managers. This is why measures have been taken including holding special meetings and training courses for documentation of the experiences of branches’ managers, employees and governors. Therefore, the necessity of dealing with knowledge management in Kosar Finance and Credit Institute and consequently management of Region 2 has been well understood. However, due to the fact that this organization is at the beginning of knowledge management establishment, the main issue is considering the preconditions and infrastructures required for successful establishment of knowledge management, because ignoring each one of these infrastructures will definitely challenge administration of knowledge and lead to failure in establishing knowledge management.
Obviously, one cannot expect efficiency and effectiveness from knowledge and make use of its numerous benefits until the way is paved for its use. Accordingly, before taking any measure for implementation of knowledge management system, this question springs up in the mind of researchers: is the status of knowledge management infrastructures in the organization under research adequate for establishment of knowledge management system?