Siemenss knowledge management strategy Essay Example | Topics and Well Written Essays - 2000 words

Siemenss knowledge management strategy - Essay Example This essay discusses that the ability of the government to protect and make effective use of the intellectual capital of the workforce declines with an increase of the retirement rate among the federal workforce. The agency loses its timely decision making ability with the lack of critical knowledge. Where there is lack of knowledge management, agencies are neither able to execute their projects in a timely manner nor they able to complete the project within the estimated cost. Having assessed this dilemma, a representative of the Aberdeen Group said, â€Å"Knowledge workers today are losing productivity in an endless search for information they know resides in the organization but is not easily accessible†. One way for an agency to spread the critical knowledge of program to a wide range of stakeholders is by implementing an effective knowledge framework along with an enterprise-wide strategy of knowledge management. Teams benefit from this flexibility by gaining a way to com prehend the effects as well as interdependencies of the constantly changing environments along the project’s life. The data an agency has at a certain point in time is nothing more than mere representation of the temporal circumstances. There needs to be an appropriate knowledge management strategy in place to understand the relation of the data with different variables and to use it in the decision making process. The knowledge management strategy enables the workers to use the knowledge in the decision making process as they are able to completely understand different aspects of the knowledge. This paper looks into the knowledge management strategies implemented by the Siemens Company. Literature Review The Frid’s Knowledge Management Model Various strategies and models have been conventionally proposed for knowledge management. One of such models is the Frid’s Knowledge Management Model. The Frid’s Knowledge Management Model divides the assessment leve ls of knowledge management maturity into five levels. These five levels are â€Å"knowledge chaotic, knowledge aware, knowledge focused, knowledge managed, and knowledge centric† (Haslinda and Sarinah, 2009, p. 195). The first level proposes that organizations tend to comprehend and implement the Frid framework of knowledge management by working upon the vision, objectives, and indices of knowledge management. In order to optimize on their potential of knowledge management, organizations tend to advocate and adapt the departmental vision of knowledge management. The second level of knowledge awareness considers organizations to be at a higher step than the ones at knowledge chaotic. At this point, organizations need to focus on the development on a road map of knowledge management and a collaborative working with the office of knowledge management. The third level requires organizations to cover the aspects of implantation just like in the lower two levels. At this level, org anizations need to integrate the knowledge management into the process engineering, develop initial infrastructure of service, training and knowledge management, and make the budgets inclusive of knowledge management. â€Å"[T]he fourth level termed as knowledge managed adopt the fundamental activities suggested in level one, two and three other than organizations should attempt to embed knowledge management in performance reviews and also in business plans apart† (Haslinda and Sarinah, 2009, p. 193). Knowledge centric is the highest level of the implementation maturity of knowledge mana