Large Companies KM Practices – Dissertation Consulting Company


Large Companies KM Practices

Because knowledge management (KM) requires very significant resource commitment, large companies are in much better position to employ KM practices and gain benefits than those small- and medium- sized enterprises.
Do you agree or disagree with the statement? Why?

I agree with the statement that large companies are in better positions to employ KM practices because they have the resources compared to the small companies. Knowledge management involves creating a system and environment for employees to share their ideas. The major goals of knowledge management are to connect people to information and connecting people to other people (Lee, 2018, p. 4). As such, knowledge management is primarily based on people and information. In developing the knowledge management system that captures the above two aspects, a lot of resources are used since it calls for networking, human resource intervention and creating a path where people can receive and share information. With the amount of funds involved, it is hard for the small business to implement a knowledge management system compared to large companies, which are more resourceful. Small companies might be able to afford a knowledge management system, but based on the cost-benefit analysis, they might not benefit since they do not have enough users of the system. If the system is underused, it means the company will not gain its benefits.Order Now from Course ResearchersTechnical requirements of knowledge management require a lot of resources that small companies might not afford. For example, the system should be flexible, meaning it should be able to handle different types of information, including different structures,  subjects and media. The system should also be scalable, meaning it should support many users and a strong industrial-strength database (Theriou et al., 2016, p. 111). With the many technical requirements involved in the knowledge management system and the need to comply with the industry standards, small companies might not meet them due to the resources required. This means that small organisations will be locked due to inability to afford the cost.

Large organisations take a leading position in benefiting from knowledge management systems. They are endowed with a lot of resources and many users. The availability of many people within the large organisations facilitates the maximum use of the knowledge management system; thus, the company gaining maximum benefits. When compared to small organisations, large companies are likely to gain more from knowledge management systems by improving productivity, decision making, problem-solving, strategic planning, reducing risks and cost of training.

References

Lee, J., 2018. The Effects of Knowledge Sharing on Individual Creativity in Higher EducationInstitutions: Socio-Technical View. Administrative Sciences, 8(21), pp. 1-16.Theriou, N., Maditinos, D. & Theriou, G., 2016. Knowledge Management Enabler Factors and Firm Performance: An Empirical Research of the Greek Medium and Large Firms. European Research Studies, 14(2), pp. 99-133.



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