Knowledge management as strategy for k-economy: Looking at Malaysia environment

The paper study on the knowledge management contribution in K-Economy.Every company faces the challenge of how to best manage its knowledge assets to generate value for the marketplace and obtain competitive advantage Such advantage derives from special capabilities that are rare, valuable, non substitutable, and costly to imitate Historically, the focus was on capabilities involving tangible assets, knowledge is widely recognized as the source for competitive advantage, with the tangible assets representing the physical manifestation of but a fraction of this knowledge As companies scramble to develop strategies for more proactively and strategically managing their knowledge, the field of Knowledge management (KM)receives increasing attention from trade organizations and academic journals.From this study it was found that to improve the chances of conclusively demonstrating value to the K-Economy, a new KM implementation in an innovation organization should address issues such as organization's goals and strategies, access tacit knowledge, provide search tools, promote creativity, capture new learning, and build a supportive culture,insufficient communication, failure to integrate knowledge, lack of time to learn ,lack of training .a senses there was little personal benefit in knowledge management

Knowledge management in evaluating technology: Study on how firm select their technology needs

This paper study the approach of the Knowledge Management concept in making assessment of the technology investment evaluation and benefits identification.It is thus with the increasing amount of technology investment and substantial evidence of failure, together with claims of gaining competitive advantages Evaluation of technology benefits in most cases concerned mainly with either the classification of types of benefits or the initial assessment and justification procedures for identifying and evaluating potential benefits which technology project may deliver.Technology on it own does not deliver benefits.If benefits are derived from technology through business changes, then it is reasonable to assumes that the implication of these changes be assessed before the technology being utilized in order to quantify the potential the potential benefits.It was found out that the decision to invest resources into technology is taken with the help of actin plan (a strategy)aimed at achieving the technology investment target like efficiency (quality of service) improving business process (modeling) and specification of technology benefit objectives.When the evaluation dictates a change to the system, benefit profiles and programmers are updated; it is the perspectives for the technology selection