READIT - 2009 - Indira Gandhi Centre for Atomic Research

3. WHY IT IS NEEDED IN AN ORGANIZATION?
Companies are realizing that their competitive edge is mostly the brainpower or
intellectual capital of their employees and management. Many organizations are
overloaded with information but starving for knowledge. The following can be
considered as KM drivers
• Reductions in staffing create a need to replace informal knowledge with formal
methods.
• Competitive pressures reduce the size of the work force that holds valuable business
knowledge.
• The amount of time available to experience and acquire knowledge has diminished.
• Early retirements and increasing mobility of the work force lead to loss of
knowledge.
• There is a need to manage increasing complexity as small operating companies are
trans-national sourcing operations.
• Changes in strategic direction may result in the loss of knowledge in a specific area.
• Most of our work is information based.
• Organizations compete on the basis of knowledge.
• Products and services are increasingly complex, endowing them with a significant
information component.
• The need for life-long learning is an inescapable reality.
In order to stay ahead of the pack, companies must leverage their knowledge
internally and externally to survive. With web-based and intranet technologies, the
connectivity and possible sharing of knowledge are greatly enabled to build the
knowledge infrastructure of the firm. Knowledge management is believed to be the
current savior of the organization and it deals with the conceptualization, review,
consolidation, and action phases of creating, securing combing coordinating and
retrieving knowledge.
4. KNOWLEDGE MANAGEMENT POLICY OF IGCAR
“IGCAR will consistently endeavor through concreted efforts of all it’s
employees to generate, achieve, manage and disseminate the valuable Knowledge for
improving it’s productivity and achieve & sustain world class leadership in all it’s
Scientific & Technological R & D activities”.