KNOWLEDGE CREATION AND MANAGEMENT

Meaning of knowledge management

Knowledge management is a systematic, Explicit, and deliberate building, renewal and application of knowledge to maximize an enterprise knowledge related effective-ness and returns from its knowledge assets.

Importance
Customer service Information system Finance Hr / Administration Management

Cont.
Increase in productivity Improve quality of production Better coordination Creative thinking

Challenges

Burden of past experience Organization defensive routines. Tunnel vision Bounded rationality

Process

Identify stage Collect stage Select stage Store stage Share stage Apply stage Create stage Sell stage

Difference between IM & KM

Meaning Sources Centralized Focus on productivity Requirement

VIRTUAL ORGANISATIONS AND EMERGING HR TREND

DEFINITION

The organizations which have internal structure and capabilities to facilitate responsiveness to changes in economic and market conditions ,changes in government policies and employment legislation, unemployment, developments in technology and methods of production, competitiveness and removal of skill boundaries.

Characteristics

Power flexibility Informal communication Flat organizations, multidisciplinary teams Customer orientation Organizational boundaries are wage Sharing of information

ADVANTAGES

It saves time, travel expenses Can use consultants from outside Can hire best people regard less of location Employees can accommodate personal and professional life Employees can be assigned to multiple and concurrent teams . Team communications and work reports are available online .

FEATURES

Technology E-mail integration Office system integration Voice mail alert Mobile data

TYPES
Telecommuting e.g. Dow chemicals, xerox . Outsourcing most core competencies e.g. nike Completely virtual e.g. ACOG, IBM

CAREER DYNAMICS

Recruitment under time pressure and requires high skills. Social stability is not very much required. Work pace is variable. Job status and project feedback is very short.

Performance management

Define performance Facilitate performance Encourage performance

Selection process

Familiarity and comfort ability with job. Self motivation Effective communication both orally and in writing Adaptability Knowledge about organizational process Technical self sufficiency Result orientation

FINALLY

VIRTUAL ORGANIZATIONS ARE NEED OF PRESENT

HUMAN RESOURCE IN MERGER AND ACQUISITION

MEANING OF MERGER AND ACQUISITIONS

MERGER:-WHEN TWO OR MORE COMPANIES

DOING SIMILAR BUSINESS GO INTO LIQUIDATION AND A NEW COMPANY FORMED TO TAKE OVER THEIR BUSINESS,IT IS KNOWN AS MERGER COMPANY WHICH CONTROL ANOTHER COMPANY BY ACQUIREING ALL OR MAJORITY OF CARRYING VOTING RIGHT OR CONTROLLING THE COMPOSITION OF ITS BOARD OF DIRECTOR.

ACQUISITION :-A HOLDING COMPANY IS A

STAGES OF MERGER AND ACQUISITIONS

1. PRE-UNION 2.IN-PROCESS UNION 3.POST UNION

WHY MERGER AND ACQUISITIONS FAIL REASON FOR FAILURE:1.EXPECTATIONS ARE UNREALISTIC 2.HASTILY CONSTRUCTED STRATEGY,POOR PLANING,UNSKILLED EXECUTION.

3.FAILURE/INABILITY TO UNIFY BEHIND A SINGLE MACROMESSAGE

4. POWER AND POLITICS ARE THE FORCES ,RATHER THAN PRODUCTIVE OBJECTIVES 5.REQUIRES AN IMPOSSIBLE DEGREE OF SYNERGY 6.CULTURE CLASHES

9.TRANSITION MANAGEMENT FAIL 8.FINANCIAL DRAIN 9.DEFENSIVE MOTIVATION 10 THE UNDERESTIMATION TRAN.COST

MOST OF GLOBAL SUCESSFUL FIRM

Vodafone-hutch deal Tata steel corus deal Jet Sahara merger Air india-indian airlines merger Hindalco,acquisition of novelis inc. Kingfisher-air deccan

KEY TO SUCCESS OF MERGER AND ACQUISITION

WELL-THOUGHT OUT GOALS AND OBJECTIVE DUE DILIGENCE ON HARD AND SOFT ISSUES EFFECTIVE LEADERSHIP TAKING LESSON FROM PREVIOUS EXPERIENCE OPEN COMMUNICATION FRIENDLY CLIMATE

HIGH COMMIREMENT TO THE DEADLINE KEY TALENT RETAINED TRUST BUILDING ACROSS ALL LEVEL OF EMPLOYEES PROPER ALLOCATION OF RESOURSES ACCEPT THE UNWILLING PEOPLE AND PLAN FOR THEIR CHANGE PLANING FOR IN PROCESS AND POST UNION STEPS COMPLETED EARLY TIMELY COMMUNICATION TO

SKILLS AND COMPETENCIES OF HR PROFESSIONALS

Good strategic knowledge to develop and implement the plans of M & A Effective communication skills Motivation skills Analytical ability Thorough knowledge of assessing work culture and bring the changes Planning monitoring and bringing changes effectively.

by:Rishi sachdeva sameer sachin