Impact Of Knowledge Management On Organizational Competitiveness

1.2. Statement of the general problem

Adequate knowledge management is companies and organizations has been neglected especially in Nigeria where knowledge generally is not placed at the front burner of the society, this has led to the lack of consistent progress in terms of profitability in Nigeria. This has regrettably spilled over to the economy which today has been a far cry from what it used to be in the 70’s and early 80’s.

Investing in Knowledge is an expensive venture most serious minded and business oriented organizations must invest in, if they are to strategically align themselves above competitors with substitute products/services (Winter, 2002). Creating, Designing, implementing and managing a robust knowledge system effectively in an organization is where most managers find it difficult.

The aim of every KM system is to share knowledge in the organization in the most effective manner and improving performance in the process. This aim is usually not achieved because of poor communication structures that exist in most public or government owned organizations in Nigeria (Orji, 2008). KM goes beyond mere training and retraining of staff to review of lessons learnt from each training. Every member of the organization contributes to the organization by sharing knowledge on a subject matter for strategic positioning of the organization. When there is a cut in the communication flow, knowledge is not effectively shared. According to Orji (2008), an internship student can contribute immensely to an organization by sharing his/her experiences in his/her previous job that could strategically align the organization in a vintage position.

1.3. Aims and objectives of the study

The following are the reasons for undertaking this study

 To know if organizations in Nigeria prioritize knowledge management.

 To know if there is a relationship between knowledge. management and profitability of organizations.

 To proffer solutions on ways of improving knowledge management in Nigeria.

 To advice captains or industries and organizations in Nigeria on the benefits of effectively practicing knowledge management.

1.4. Research questions

1. Do organizations practice effective knowledge management?

2. Is there a relationship between knowledge management and the performance of organizations?

3. How can knowledge management be adequately tapped to ensure economic development in Nigeria.

4. Are there challenges to adequate knowledge management in organizations in Nigeria?

5. Can knowledge management be improved upon for profitability?

1.5. Research hypotheses

H0: knowledge management does not significantly influence organizational competiveness or profitability

H1: knowledge management significantly influence organizational competiveness or profitability

H0: there is a negative relationship between knowledge management and organizational competitiveness

H1: there is a positive relationship between knowledge management and organizational competitiveness

1.6. Significance of the study

This study seeks to examine the extent to which knowledge management influences organizational competitiveness and by extension the economy. Another significance of this study is to educate owners and directors of organizations on the benefits of adequate knowledge management on market competitiveness.

1.7. Scope of the study

This study is restricted to the impact of knowledge management on organizational competitiveness, a case study of Philips consulting limited.

1.8. Limitations of the study

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.