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Homework answers / question archive / To provide you with an opportunity to utilise formal and informal networks to access corporate knowledge/memory not held in formal systems and review appropriately

To provide you with an opportunity to utilise formal and informal networks to access corporate knowledge/memory not held in formal systems and review appropriately

Economics

To provide you with an opportunity to utilise formal and informal networks to access corporate knowledge/memory not held in formal systems and review appropriately. 1. In what different ways can you access information? 2. Describe the importance of formal and informal networks and how they are utilised to access knowledge or memory not held in the system. 3. How can you gain a better understanding of how knowledge management affects the daily tasks of different members of staff? What type of information might you need to ask about to review corporate knowledge?

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  • 1). Different ways to access information.
  • Staff reviews
  • Customer feedback
  • Business performance data
  • Surveys /Questionnaire
  • Personal interviews

These are the main ways to gather corporate knowledge which is not held in formal system.

Staff feedback

Staff feedback helps to know the working conditions and their activities. They can freely convey their views about the corporate and they can suggest the needed improvements and solutions of existing problem.
Staff feedback in any form can highlight issues on the shop floor and in working conditions.

Customer feedback

By collecting feedback from customers theycan share their experience whether good or bad and we can kolnow what they really want and what company rellay gives.This helps to identify the business problems.

Business performance data

The business performance data shows the problem faced by the oragnisation and all the needed information.

Surveys and questionnaire

The structured questionnaire and surveys helps to collect the reliable information about an organization.

Personal interview

The another important way to collect information is the personal interview. It helps to get the needed knowledge through well defined questions.

2). Importance of formal and informal network

  • Formal communication is the structured or the offical network in an organization. It includes the policies and procedures, official letters, orders, enquiries, rules and regulations etc.
  • Informal network is unoffical formed on the basis of interrelationship.

Importance of formal network

  • Authority
  • Single source ofinformation
  • Orderly flow of information
  • Effective and clear communication
  • Clear and reliable

Importance of informal network

  • Social needs
  • Defence mechanism
  • Risk reduction
  • Self esteem and self development.
  • Easy spread of information

3). Knowledge management helps to share quality information. It increase the sharing of information and it helps the organization to record and sharing of quality ingormation. Through knowledge management employees learning will be enhance, employess will be adaptive ti any situation and alsobecome more flexible and finallybit increases the job satisfaction. We might seek information which related to an organizations people, process technology, products and organizational performance.