Proplem statment Essay Example | Topics and Well Written Essays - 1000 words - 1

Proplem statment - Essay Example There is a lack of enthusiasm in the workplace and the result is a failure to meet expected outcomes. Another difficulty is the relationship between management or leaders and workers or followers. Within KFIC, as discussed earlier in the module on management change, the making of decisions is kept within the upper layers of management at CEO level and with the company chairman. Others in the company, supposedly in positions of leadership are prevented from making decisions in their own rights as they are not given sufficient information, and have neither the skills required or the authority within the workplace that would enable them to do so. The other members of the work teams are well aware of this situation and this makes for poor co-worker relationships. Information is restricted to an elite and the result is a lack of motivation on the part of both team leaders and others. The leaders are unable to act as leaders and the others feel that there is a lack of support. Only minimal instructions are passed down. The problem is a cultural one within the organization. The lack of information sharing is due to lack of trust and workers are aware of this. The company is concerned with finance and investment. This means that there is much private knowledge which must naturally be safeguarded. However unless leaders and workers have sufficient knowledge they are unlikely to be able to make required decisions and carry out tasks given to a satisfactory level. In 2001 Guthrie discussed how the most successful businesses do not rely only upon their obvious assets, but also depend upon more intangible things such as knowledge creation and information held. This is something that KFIC needs to take hold of. They need to understand the importance of knowledge creation and the process of passing on necessary information. There have been a number of studies on the topic of knowledge management i.e knowledge creation, sharing and transfer according to Mitchell