Knowledge Management - Discussion 3 Knowledge Generation Assignment

Knowledge Management - Discussion 3 Knowledge Generation - Assignment Example Techniques utilized are brainstorming, observation, and brainstorming. Organization should first determine the knowledge needed, current organization knowledge, and then fills in the gaps by developing new knowledge or through acquisition. It requires a fast and inexpensive way to use both internal and external knowledge. Knowledge acquisition is used to codify explicit knowledge, as well as converting tacit knowledge into explicit knowledge. It eases an organization, location, and use of knowledge. For this reason, Nestle has incorporated information technologies to the acquisition and share knowledge. Developing knowledge in an organization can be done by getting ideas from customers, suppliers, and creating space for new ideas. The knowledge can be developed through vast array of collaborative research with competition. Today, companies are looking for strategies to access external knowledge creation by collaborating with research institutions. Nestle has approximately 20 research centers all over the world that work together with field research experts. It brings people together with different perspectives in order to generate solutions. However, individual do not share the knowledge freely, and they need to be motivated in order to create, share, and use knowledge. According to Karlsen and Gottschalk (115) knowledge fusion is one of the key processes in knowledge generation. Knowledge fusion is an important component of knowledge management system of an organization. The right information should be available at the right time. Also, it can save time and improve the quality and providing solutions in an organization. Adaptation is the ability of the firm to change by utilizing the existing resources in new ways, opening to change or having high absorptive powers. It is ability to balance between the exploration of new opportunities and the utilization of existing certainties within an organization (Reber 228).