Knowledge management, social networks and innovation Coursework

Knowledge management, social networks and innovation - Coursework Example al., 2011). The present day managers are developing their sustainability and competitiveness to meet with the diverse needs of the consumers based on effective management of their knowledge within the organisation. With continuous management of knowledge, organisations are currently developing their status within the business domain (McAdam, 2000). Knowledge Management (KM) has emerged to be a useful tool for developing the overall structure of organisations, further enhancing the ability of organisations to perform. Identifiably maintaining an effective institutional performance and enhancing the same have only were possible with the proper management of knowledge and through nurturing a culture of ongoing learning (Gloet & Samson, 2012). In this regard, the paper elaborates on the different needs of organisations to maintain their leadership with the effective management of knowledge. The paper also proposes to analyse the implication of organisational learning and knowledge management for developing various needs of the dynamic business environment. Organisational Learning (OL) is a process prominent within the present day organisations and is even noted to be affecting the operations that are undertaken by the same. The process follows a trend of creating as well as transferring knowledge to enhance the ability of organisation to perform. This process of learning is largely acceptable among the masses as it enhances the ability of employees to impart and share knowledge that they have gained over the years based on their experiences and knowledge from operations (Dixon, 1999; Torlak, n.d.). The organisations plans to foster the knowledge that employees have gained over the years based on the diverse situations they have faced through the dynamic business environment. Notably, the development of organisational learning has paved way for action-based learning and ability of the individuals to learn has in turn enhanced significantly. With the integration