Here is a list of 15 benefits that can result from knowledge management km and. Fundamentally, knowledge management is about applying the collective knowledge of the entire workforce to achieve specific organisational goals. This paper discusses the need for knowledge management in mergers and acquisitions. Km is considered to be a vital connection between other management subsystems in an organization. African indigenous knowledge systems and relevance of. Practicing project management and applying project methodologies to successfully transform partnership, merger, and acquisition projects. Design considerations for knowledge sharing systems specific types of such systems. Knowledge management the most central thrust in knowledge management is to capture and make available the information and knowledge that is in peoples heads as it were, and that has never been explicitly set down, so it can be used by others in the organization.
Optimizing your information management strategy during. Firestone is chief knowledge officer for executive information systems and executive vice president, education, research and membership at the knowledge management consortium international. Apr 10, 2015 lessons from the first merger were used to guide the process for for the second, and lessons from the second acquisition and integration were used to guide the process for several further acquisitions. Modeling tools will assist in gathering the knowledge inherent in existing systems, servers, databases, documentation, applications and business processes.
All organizations can benefit from their people sharing, innovating, reusing, collaborating and learning. Association for information systems ais electronic library aisel all sprouts content sprouts 7172008 knowledge sharing in post merger integration. Knowledge merger we are a bunch of young undergrad bloggers who are trying to merge various pieces of information, compile them and present our assessments and interpretations to help out people around the world. Why knowledge management is important to the success of. Consider clicking here if you want to know more about our focus. Details of these activities are discussed in the following sections. The reason for initiating this research was the intended isit. Understanding information systems integration deficiencies in. Knowledge management develops systems and processes to acquire and share intellectual assets and collective knowledge. For bp, the added value offered by web tech nology is in the field of employee communication during the integration. Advantages and disadvantages of knowledge management. College of management, university of massachusetts lowell, lowell, ma. There are different ways of defining a merger or an acquisition. In addition, the redefined models in this thesis provide a foundation for future research.
The value of the knowledge management approach was seen in the reduced involvement of external consultants in successive mergers. Mergers and acquisitions an architectural perspective. Metadata management tools allow you to gather, collate and integrate all that knowledge in a single location. These lessons learned from the past were applied for the amoco merger. W178 chapter 18 knowledge acquisition, representation, and reasoning knowledge can be used in a knowledgebased system to solve new problems via machine inference and to explain the generated recommendation.
The integration flow diagram gives an overview of each stage of work within the post merger integration process. Knowledge management km is one of the most important systems for any biopharmaceutical company. Ges corporate executive council cec is an example of how one company put a knowledge management system in place to help executives cut. Knowledge management in mergers and acquisitions request pdf. On budget, on time, and within scope defines project success and mergers and acquisitions failure. Contingency approach to managing knowledge in the postmerger. Knowledge management and postmerger integration management. Chapter knowledge 18 acquisition, representation, and reasoning. Silberman college of business administration, fairleigh dickinson u. Merger and acquisition activity in the united states has typically run in cycles, with peaks coinciding with periods of strong business growth. Acquisition and merger process through the eyes of employees. This article focuses on the steps needed for successful implementation of km in a biopharmaceutical company.
Development of a project management methodology for. The purpose is to delineate how and why a merger decision should be made. A descriptive framework is advanced which suggests that the performance of international mergers and acquisitions is a function of successful cultural combination during the postacquisition integration process. I must admit that im jumping on the band wagon of people reacting to and commenting on the merger of microsoft and linkedin. Complex systems and the merger process article pdf available in technology analysis and strategic management 143. However, in the context of promoting african indigenous knowledge systems for sustainable livelihood, it has generally been propagated to incorporate nonwestern beliefs, practices, customs, worldviews, including informal forms of education. Critical it applications and systems may be dated, and there could be risks associated with. Information system integration in mergers and acquisitions. Muhammad asim assistant professor, karachi university business school, university of karachi, karachi, pakistan. It increases the amount of useful, actionable, and meaningful information available, and seeks to increase both individual and team learning.
While many knowledge management maturity models have been proposed, details on how an entitys maturity can be assessed remains elusive pee et al. The new company would definitely help the management to increase the number of customer in it sector. Implication of knowledge management on employees behavior in contemporary business organization dr. The combined effort would result in a big computer and software services business. Knowledge is power in our organizations only if it is available to people that.
Thus, a study of french commissariat general au plan 2002, pp. Specifically, this current merger boom is characterized by. Chapter knowledge 18 acquisition, representation, and. Success factors for integrating it systems after a merger. Implication of knowledge management on employees behavior in. A third contribution relates to the fact that although good governance is valuable, as recent corporate scandals remind us of the importance of good systems of corporate oversight and. As the name implies and sounds you are merging a lot of things between the two companies.
The impact of mergers and acquisitions on information systems. An analysis of knowledge management in a merger session f1. W178 chapter 18 knowledge acquisition, representation, and reasoning knowledge can be used in a knowledge based system to solve new problems via machine inference and to explain the generated recommendation. Having a consistent store of all enterprise architecture. One around the turn of the twentieth century, the second peaking in 1929 the third in the latter half. Understanding information systems integration deficiencies in mergers and acquisitions. The spectrum of knowledge management dave snowden, ibms cio, writes that km is the identification, optimization, and active management of intellectual assets, either in the form of explicit knowledge held in artifacts or as trait knowledge possessed by individuals or. Abdul rahman zaki chairman, karachi university business school, university of karachi, karachi, pakistan dr.
The process of knowledge transfer in mergers and acquisitions. Knowledge management implementation biopharm international. I immediately thought about some work that apqc and one of our past knowledge management km advanced working groups did that was focused on the role of km during a merger or acquisition. Mergers and acquisitions failures are project management failures.
The interviews are analysed with the help of the theoretical framework and other literature through three themes. Lexipols knowledge management system supports these browser versions and higher. The aim of knowledge management is not necessarily to manage all knowledge, just the knowledge that is most important to the organisation. The course focuses on mergers and acquisitions in the context of private as well as publicly traded companies. Knowledge management maturity has been a major topic of research in recent years kochikar 2000, ehms and langen 2002, kpmg 2003, pee et al.
Therefore, until and the new knowledge management joseph m. An acquisition on the other hand is simply a purchase. The main aim of the merger was to enhance the market competition. Some of the common benefits of knowledge management include. Chapter 2 conceptual framework of merger and acquisition. In mergers and acquisitions two cultures are combined, and also two systems of knowledge and insights are. Introduction of merger and acquisition management essay.
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