GLG News Analysis

What to do to convert a company with their knowledge

October 08, 2010

Summary

To achieve the leadership a company knowledge should be developed and to guide it to the market. In a world that is more competitive day to day the intellectual capital it is a key to reach business success.

Analysis

To achieve the leadership a company knowledge should be developed and to guide it to the market. In a world that is more competitive day to day the intellectual capital it is a key to reach business success. It is very known that there are many queries that are questioned around this statement and they intercept the day by day operations of companies: is knowledge the same as information? What  make organizations at the moment in relation to the strategic analysis of the knowledge the they have. Everything that implies and what defines to the implicit and explicit knowledge in the market, it has to do with the capacity to act and that it supposes a tremendous power in having an effective administration of the knowledge. Why all of this is so important?, because the speed in the globalized world is the most important thing according to the guru and venturesome multimillionaire Bill Gates, when one doesn't respond an electronic mail immediately the competition will make it immediately for you. In good terms we have a lot of information in a computer without doing or making anything with it. Just looking information from the past. Knowledge is the on-line benefit of computers with information that serves us and the real important thing is people (Human Capital). The administration of knowledge has taught us that the most important thing is “human development”; the machines in the companies don't work without the human capital. In countries that have are developed in an exorbitant way in the last years, we realize that most of they have invested in the human development as for example: Costa Rica, Singapore among many others. We have to motivate owners and CEOs, to have better practices in the administration of  knowledge, collections of other experiences of the models as companies like Motorola (NYSE:MOT), Skandia, Dow Chemical (NYSE:DOW), Shell Oil and many more are just waiting to share their experiences, furthermore they case studies in the best business schools. Many tools exist to determine the value of the information on strategy design and strategy with the business, models that outline address selection in effectiveness, exist but the best practices in a highly successful organizations are part of the pattern that gives a special characteristic of the system of experiences and values of their culture in the learning curve experience . In developed and emergent countries, the public sector is generally the one that takes initiative to be able to implement systems and to make and take the best decisions in the social and economic area. All this based on their competitions in the human resources and so that the attention is very clear in guiding all the decisions to the quality from the service to the client and the citizens. This is what marks the success in their politicians. That is to say that the factors of Internet and the most decisive factors that make that the administration of the knowledge has a competitive advantage are key element to be to able to in the mechanical thing that the systems work and that they look who was based it in the knowledge of the organization. In other words, the general indicators in the planet indicate that the leadership in the market comes from the hand of the capitalization of the knowledge in the company. The invitation for all the managers is to understand how to do the administration of the knowledge and its application in the human development to valorize the human capital that one has in its own company. Know the knowledge inside and to take advantage of it is what gives a competitive advantage in the markets that every day are more efficient by the majority that are taking quick decisions or are left out of the competition.

Bernardo Javalquinto 

Economist