Globalization and fast technological innovations are changing the world markets and competition at enormous speed. The current years have shown that both production as well as employment are no longer limited to a specific geographic location. A more global workforce occurred partly caused by the desire of multinational companies to also benefit from professionals and engineers outside the domestic markets. Competition increased, supported by deregulation processes which decreased the domestic protection for many companies. With the fall of the former Soviet Union new political systems emerged. Almost all former communist states changed to capitalism opening new markets with millions of possible customers. All together, this new environment has lead to a higher degree of competition, consumer choices, complexity and uncertainty combined with many business failures and shorter product life cycles (Dessler 2002; Yaw, De brah & Smith 2000).
Inhaltsverzeichnis (Table of Contents)
- Business environment
- Fast changes in the environment
- Necessary changes for companies
- Effects on Human Resource
- Knowledge Management
- Intra-/Inter-organisational competencies
- Communities of Practice, Knowledge communities& knowledge networks
- Tacit knowledge Assets/ Resources
- Employee training and development
- Employee selection
- Career development
- Transformation plan
- Weaknesses of KM
- Black and Ulrich's statement
- What capabilities are needed?
- How is it possible to gain these capabilities?
- Criticism of the statement
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document aims to analyze the impact of rapid changes in the business environment on companies and their human resources, specifically focusing on the importance of knowledge management and the implications of globalization. It delves into the key changes companies need to undergo to compete in a globalized world and highlights the strategic role of human capital in achieving success.
- The impact of globalization and technological innovation on business environments.
- The crucial role of knowledge management in adapting to a rapidly changing business environment.
- The strategic importance of human resources and their skills in driving organizational success.
- The necessity of companies to become more responsive, adaptive, and value-driven in a globalized market.
- The challenges and opportunities presented by the shift towards a more service and knowledge-oriented workforce.
Zusammenfassung der Kapitel (Chapter Summaries)
The first chapter examines the profound impact of globalization and technological advancements on business environments. It discusses how these forces have accelerated competition, increased consumer choices, and led to shorter product life cycles. The chapter also explores the necessary changes companies must undertake to adapt, including restructuring, becoming more responsive, and developing a focus on quality and human capital.
The second chapter dives deep into the topic of Knowledge Management (KM). It outlines the importance of intra- and inter-organizational competencies and explores different types of knowledge communities and networks. The chapter further examines the role of tacit knowledge as a crucial asset and discusses the impact of KM on employee training, development, and selection.
The third chapter presents the Black and Ulrich statement, outlining the capabilities companies need to achieve and how these capabilities can be gained. This chapter also provides a critical analysis of the statement, highlighting potential limitations and challenges.
Schlüsselwörter (Keywords)
This work focuses on the key concepts of globalization, knowledge management, human resource management, organizational change, and competitive advantage in a rapidly changing business environment. It explores themes such as technological innovation, workforce transformation, strategic human capital, and the role of knowledge communities and networks in achieving organizational success. The text examines the implications of these concepts for companies, particularly highlighting the need for responsiveness, adaptation, and a focus on quality and value in a globalized market.
- Quote paper
- Sebastian Martin (Author), 2005, Knowledge Management. An Overview, Munich, GRIN Verlag, https://www.grin.com/document/42860
