The role of knowledge in operation management in general Essay

The role of knowledge in operation management in general - Essay Example Knowledge is viewed as the most imperative resource in any organization that wishes to prosper. Management of the resource is hence viewed as a discipline used for identifying, collecting, organizing, storage, and use of knowledge. Currently, companies operate in a highly competitive environment and hence there are more factors that lead to enterprise success. Previously, a company’s success was determined by investment of capital, size, and ability of labor, and availability of raw materials. However, an organization’s level of knowledge innovation from managers is a foremost influence of success and proper management. Knowledge management has been on the fore front during this new era where organizations run in a competitive market. Operation management traditionally used is not an appropriate strategy as a result of the rise in global competition. Knowledge in operation management helps in managing information, expertise, and knowledge through the operation management process. There are also knowledge management systems that assist managers in making better informed resolution (Waltz, 2003). Over the years, there has been a need to capture and distribute knowledge in organizations, and protect it like any other important asset. Operation managers should help in the process of leveraging knowledge chattels and information resources. They are also responsible for overseeing knowledge assets from acquisition to application, by use of controlled methods. Knowledge in an organization is embedded and passed using a number of aspects counting policies, traditions and identity, system, routines, document, and individual employees’ organizations (Dwivedi, Butcher, 2009). Knowledge in operations management is built by use of human resources, structural resources, technical resources and cultural resources. Combined they assist in proper use of