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Practice of Knowledge Management; Case Study of Wal-Mart Inc
Wal-Mart is an Ameri washstand multinational stack running a chain of large discount departmental stores and wargonhouse in several countries. Wal-Mart inc. was started in 1962 and incorporated officially in 1969 and began trading stock as a publically held company in 1970. At current, Wal-Mart international experiences a rapid growth and it has acquired 4, 573 stores along with 730, 000 associates evident in 14 countries that are out of the US continent. The company has wholly possess trading operations in Brazil, Argentina, Canada and the United Kingdom. In addition to these wholly have international operations, Wal-Mart has several joint ventures in China as well as a number of majority owned subsidiaries. Wal-Mart operates under different banners in most of its international stores simply they all work towards the same goal; enabling their customers turn in money and live a better life.
Knowledge management refers to the practices and strategies that a company uses in an attempt to create die and enable adoption of strategic insights and specific experiences (OLeary, 2002). This knowledge can be embodied in either individual or organizational practices or processes.
Successful business firms and companies have affiliated hefty investments towards development of internal knowledge management efforts. unitary such company is Wal-Mart Stores Inc. which through this effort has emerged the worlds largest corporation.
Knowledge has to be organized for it to be useful and valuable. Depending on what use will be made of it, knowledge should be organized differently. Addicott et al, (2006, identified four dimensions to knowledge management. These are connectedness, completeness, situation and congruency.Â
Creation of knowledge is brought about through recognition of gaps live in an organizations knowledge management practices. Choo, (2002), says...If you postulate to get a full essay, order it on our website: Orderessay
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