Evaluation of an organization

Determining the potential for growth over the long run requires conducting an organizational study. In order to assess the chance that a corporation will be successful over the long and short terms, regulatory analysis examines both internal and external organizational elements. In establishing the organization's competitive position relative to other organizations selling the same items, external analysis is crucial (Park, 2015). For a company to grow, knowledge management is crucial. Because of this, the goal of knowledge management offers a foundation for assessing whether the organization is competitive on both an internal and external level.
Since there is a lot of information regarding the market trends and concepts that require exploration, assessment of the external environment is essential in the day to day activities of an organization. Consequently, knowledge management advocates for a system that takes into consideration the need for creating new knowledge to be applied in a firm as well as the dissemination of the information. As a result, knowledge management advocates for a structured approach to ensuring effective and efficient transfer of knowledge to the decision makers on time (Mason, 2017). In the event where the organizations practice hoarding of information from other people and firms, there is a likelihood that unfair competition will occur.

Abandonment of information hoarding is vital in ensuring there is the straightforward analysis of the external competitive environment. Adoption of information sharing underlines a perfect platform for providing an adequate analysis of the external competitive environment. Competitive success is based on the strategy adopted with regards to the allocation of the physical and financial resources. Moreover, strategic management of the intellectual capital is essential for determining and analyzing the external competitive environment (Park, 2015). Failure to fully exploit knowledge has adverse effects on business. Consequently, analysis of the external knowledge is necessary since it has a high potential of ensuring the prosperity of an organization. The knowledge acquired from the external competitive environment is necessary for displacing or employing labor, capital and natural resources as the readily available economic resources.

Knowledge of the external competitive context ensures there is a shift from the local economy to the national and even the transnational one. Hence, leading to the nationalization and globalization of business. Nationalization and globalization of business are essential in increasing the profit margin of a given organization (Park, 2015). Moreover, it enables the firm to take into consideration several factors that are important in boosting its competitive advantage over other competitors by improving the production and marketing techniques adopted by the company. Similarly, knowledge management with regards to external competition will ensure a firm can quickly identify the areas that require improvements to boost its competitive advantage. Knowledge sharing plays a significant role in understanding the structure adopted in an organization as far as management is concerned. The hierarchical fabric of a firm can be restructured to ensure the firm has a competitive advantage over the others (Mason, 2017).

The Human resource, technology and process elements of Knowledge sharing

Knowledge sharing ensures that employees are easily shared between organizations either on a long term or short-term contractual basis. Thus, an organization is bound to benefit by sharing talented employees hence a boost its competitive edge in the market. The task and result orientation, as well as the closed nature of several market economies, ensure the market economy does not form barriers likely to limit the knowledge sharing but instead generating strict frameworks that allow the existence of stipulated manners of knowledge sharing. Moreover, exchange of the human personnel plays a significant role in boosting the innovation level of individual employees. The employees gain an intrinsic motivation as far as they are trusted to undertake tasks outside their organizations. Moreover, knowledge sharing leads to better rewarding of the human personnel. The employees will work harder since they will be sure of a better reward (Mason, 2017).

Knowledge sharing ensures there is an improvement in the production processes of an organization. The enhancement of the production processes is as a result of increased innovation level arising from knowledge and information sharing between teams. The shared personnel bring along the business cultures from their organizations. The entrepreneurial culture introduced by the contracted employees is bound to improve the work ethics in the firm hence improving the production level and in return boost the competitive edge for the business (Park, 2015). Similarly, Knowledge sharing plays an integral in innovating new techniques as well as production processes since the contracted employees can compare, manipulate and contrast the production mechanisms used in their parent organizations with the contracting firm.

Technology plays an integral role in the transformation of the activities of a company. Technology is essential in knowledge sharing since technological advancement has enabled faster dissemination of information. Moreover, appropriate implementation of technology in an organization ensures there is a more rapid access to information by both the members of a given group as well as others (Mason, 2017). The technological option of extranet serves as a ground for ensuring the effective collaborative working between individuals in different organizations is achieved. Also, the extranet as part of technology provides an organization can keep tabs on the mechanisms adopted by other agencies that are capable of improving the operations of the firm in question.





























References

Mason, M. K. (2017, February 5). Knowledge Management: The Essence of the Competitive Edge. Retrieved from Moyak.com: http://www.moyak.com/papers/knowledge-management.html

Park, S. & Kim, E (2015). Revisiting Knowledge Sharing from the Organizational Change Perspective. European Journal of Training and Development, 769-797.