"Visions of World Benefit & Global Responsibility: Perspectives of McGill Students

Thursday, July 26, 2007

Knowledge Management

In our information society in which "creation, distribution, diffusion, use, and manipulation of information is a significant economic, political, and cultural activity," (Wikipedia: http://en.wikipedia.org/wiki/Information_society) our ability to received, process, absorb, and discard this exploding volume of information and knowledge has become far stretched to its limits. As we approach these limits of human abilities, there comes a necessity to process information more effectively, a process of sorting out the less important, to discard the useless, along with gaining intellectual capital. It is crucial for an organization in our current era to develop their individual systems of Knowledge Management.

Throughout history, the Chinese have stated that to "Know thy enemy, know yourself; your victory will never be endangered." (Sun Tsu, 1910) These ideas can be reapplied in adaptation the new world of conflict, as in the recent years there have been "and increasing recognition of the importance of information technology" (http://www.la.utexas.edu/research/cgots/Papers/53.pdf).

As information becomes a universal leverage to power, one who manages knowledge and intelligence most efficiently will grasp the strength to run ahead of the game. Knowledge Management of the future will require Organizations to consciously put priority in safe guarding their intellectual capital. In a similar fashion to the way Google Search ranks its search results, one must develop strategies appropriate to their organizations, to sort through data efficiently, and prioritize information by importance, relevancy, accuracy, as well as creativity, and innovativeness. Not only focusing effort on utilizing such existing capital, the organization is encouraged to maintain a high level of research and development, in all aspects of social and intellectual capital. This will prove to be a crucial aspect of maintaining an organization on its sharpest edge, and ahead in the global corporate race.

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