Knowledge Audit Report Samples
Objectives and aims are some of the most important concepts underlie in an organization for their long run efficacy and potential. The organizations which are able to maintain a powerful tradeoff among their management of objective and apprising positively to their employees are comparatively sounder and effective than that of those organizations which are unable to do the same (Rowley, 2006).
Auditing means to double check the things in order to completely eradicate the ideas of any mishap. Apart from the performance and financial audit, there is a name of Knowledge Audit as well. The essence of Knowledge Management (KM) and Knowledge Management System (KMS) is very important for an organization, and it is equally beneficial for Toyota Motors as well.
Toyota Motors, famous Japanese based automobile manufacturing organization that has its headquartering located in Toyota, Japan. Toyota is a financially stable company of the world, wherein more than 300,000 employees are working with zeal and positive mindset. In terms of manufacturing unit, Toyota is known as the automobile company of the world. The company had managed to generate net revenue of ¥22.064 trillion in the financial year 2013, which was comparatively higher than other automobile manufacturing of the world.
Toyota Motors Corporation (TMC) is one of those organizations of the world that have a positive mindset towards increasing the Knowledge Management within their premises. Theoretically, knowledge management is a process that captures, share and develop the organizational knowledge to make the organization a powerful one. It usually includes business strategies in terms of information technology, marketing and human resources of an organization to achieve the target of the company in a given time frame.
The Wisdom Hierarchy through which TMC take powerful and valuable decisions are as follows
The information comes directly from the finance, marketing and operations departments report directly to the Chief Financial Officer (CFO) of the company. CFO is the right hand of the CEO, entitled to report everything about the company and its latest development to the CEO. CEO will then take the information and knowledge into consideration to makeover on the decision.
Knowledge management is important for an organization to inform the shareholders of the company regarding the objectives and aims of the company which are important for them to sustain in a competitive environment. The knowledge required by an organization to transform it to their shareholders is the knowledge that may affect over their financial and strategic structure. The encouragement and motivation to flourish in the marketplace is the one that impedes the flow of the knowledge for an organization. Liebowitz had identified numerous gaps related to Knowledge Management in their article. One of the major gaps found in the KM is that it requires high amount of communication to communicate the main aim of the company to the employees (Liebowitz, 2000). Considering the fact that KM is very important for the organization, therefore an inclusion of SWOT for the same category is more than important
The type of knowledge requires replicating among the organization and their employees related to long run productivity of the company, and what are some of the major actions that should be consider by the organizations to become effective and powerful. Acquiring of knowledge is important either for the employees as well as for the organizational officials as well. TMC, the company which is selected for this assignment also has a positive mindset in terms of sharing extensive and powerful information among their different heads to promote the KM within their premises with positive mindset.
Liebowitz. (2000). The Knowledge Audit. McGraw Hill Publications
Rowley. (2006). Data, Information, Knowledge, and Wisdom. Volume.2. Saga Publications