Organisation culture and change management Assignment

Organisation culture and change management - Assignment Example In the previous decade, the field of knowledge management was new and had generated anxiety and excitement and also achieved increased recognition for the potential that it had to influence the freshly recognised asset called knowledge and in the process bootstrapped the effectiveness of organisations. During the same decade, the conception emerged that it was possible for organisations to learn and create competencies from that learning that would eventually lead to agility and competitive advantage (Bennet & Bennet, 2004). The fact is that knowledge management is quite a new field, so still a significant amount of learning in the way of trial and error is happening. Nevertheless, knowledge management has been victorious in developing quite an important number of processes that are successful and established its value to quite a number of firms as they still keep putting efforts to respond and understand the prospects and threats that arise from a tumultuous environment. A few insta nces of successful knowledge management processes are knowledge sharing, knowledge acquisition and knowledge audit. While organisational and individual learning have been given recognition as an essential factor for substantial period of time in an environment that is always changing, the idea of organisational learning in comparison to knowledge management is relatively new. This study would mainly focus on their relationship. After providing useful definitions for few of the concepts such as knowledge, organisational learning and knowledge management, the discussion will also involve the importance of organisational learning & knowledge management for being the key factors for achieving organisational competitive advantage and superior performance (Bennet & Bennet, 2004). Data, Information & Knowledge To gain a proper understanding about the relationship of knowledge management and organisational learning, at the outset, an explanation of knowledge can be provided. Knowledge can b e best explained as the ability to take necessary and effective action, with the identification that ability includes both actual and potential capability. Knowledge can be in the mind of a person and/or implementing it in the correct way that is taken in a desired situation. It signifies that an action is of use when it provides the desired and anticipated results. Most of the thoughts that are considered normally to form knowledge (Information, Predictability, Facts, Experience, Concepts, Truths, Theories, Intuition, Judgement and Insight) help in adding to form the ability and understanding that are essential to take necessary action, they all can possess knowledge. Organisations and teams might possess knowledge in collective form (both actual and potential) and thus, be able to take actions that any individual cannot take. While knowledge lays emphasis on making sense and understanding (the â€Å"how and why†), information is about being aware of something (the â€Å"wh at and who†