Knowledge management and The competition and volatility in the business world is increasing day by day. Every company is in search of identifying such kind of ways which can help an organization to efficiently increase their performance to reach at the maturity stage and then to retain their position in market for a longer period of time. The traditional ways through which organizations maximize their return on investment and increasing gain competitive edge on their competitors becomes out dated, such as gaining competitive edge through technology, location and cheap labor etc.
Because the turbulence and uncertainty in the business environment continuously increasing and they are not able to gain their competitive edge on their rivals through technology or any other source. Many researchers have found that in a highly uncertain and turbulent environment an organization should focus more on gaining sustainable competitive edge on competitors through their employees because it cannot be imitate until an employee left an organization.
Knowledge Management
The main aim of conducting this study is to identify the impact of the knowledge management and organizational performance in the context of Pakistani firms. This study can batter explain the understanding of knowledge management and how it can affect the organizational performance which becomes the cause of success or failure of an organization. This study also helps organizations to consider their employees as their main important assets and take important initiatives to encourage them to share their knowledge and should also focus more on increasing their ability to manage knowledge efficiently to increase their organizational performance and gain the sustainable competitive advantage on competitors.
Knowledge management and organizational Performance
Knowledge management may be defined as it is the familiarity to any subject or heaving information about something or facts or which an individual acquire through experience.The effective management of the knowledge in an organization always increase the creativity of the knowledge both in terms of quality and quantity which also increases the value and validation of the tacit knowledge. McCall, (2008)argued that the efficient management of the knowledge always include the creation of innovative knowledge, knowledge distribution across the various hieratical levels of an organization and the saving of creative knowledge for the future purpose.
The competition and volatility in the business world is increasing day by day. Every company is in search of identifying such kind of ways which can help an organization to efficiently increase their performance to reach at the maturity stage and then to retain their position in market for a longer period of time. The traditional ways through which organizations maximize their return on investment and increasing gain competitive edge on their competitors becomes out dated, such as gaining competitive edge through technology, location and cheap labor etc.
Because the turbulence and uncertainty in the business environment continuously increasing and they are not able to gain their competitive edge on their rivals through technology or any other source. Many researchers have found that in a highly uncertain and turbulent environment an organization should focus more on gaining sustainable competitive edge on competitors through their employees because it cannot be imitate until an employee left an organization.
Abstract
Now a day’s every organization want to increase their creativity, production, performance, sales, revenue and compete their competitors which can be only possible when an organization have an experienced, skilful and knowledgeable workers who have the ability to analyse the external and internal environment of an organization and empowered to bring changes in the processes of an organization. Furthermore when the employees of an organization are empowered they have the authority to think creatively and also implement the necessary changes in an organization due to which their level of commitment with their organization increases.
However empowerment is a very important management practice and becomes the cause of success but on the other side there is also a fear of control and authority over the workforce. When the employees of an organization are empowered they have the authority to think creatively and also implement the necessary changes in an organization due to which their level of commitment with their organization increases. However empowerment is a very important management practice and becomes the cause of success but on the other side there is also a fear of control and authority over the workforce.
From the results of this study it has been conclude that the psychological empowerment have a very great impact on the organizational commitment of employees. By increasing the psychological commitment of employees organizational leaders will be able to efficiently keep their employees motivated with them for a longer period of time and their intentions to leave an organization will be also decreased which will intern helps an organization to gain competitive edge on their competitors and maximize their profit.
