Abstract

Application of knowledge management on the Internet is increasing. This is because the Internet offers new opportunities to use the knowledge assets, defining new types of knowledge assets, and spread even outside the organization. On the Internet itself now appears social media as a system of Internet-based knowledge sharing. Social media itself is nothing new, but now has changed into enabling more interactions in a more interactive ways and the number of the users has increased more then ever. The results showed knowledge management and social media have almost the same components. This allows the role of social media on the application of knowledge management, such as a collaboration tool with a clear business objective.

So, here it is and tell me what do you think about it.

Role of Social Media Applications On the Internet In Knowledge Management Process

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2. The Tide of Social Media Books
3. The Strategic Potential of The Internet, Strategy and the Internet

The Strategic Potential of The Internet

Many have argued that the Internet renders strategy obsolete. In reality, the opposite is true. Because the Internet tends to weaken industry profitability without providing proprietary operational advantages, it is more important than ever for companies to distinguish themselves through strategy. The winners will be those that view the Internet as a complement to, not a cannibal of, traditional ways of competing.

This is another group presentation we did on Corporate IT Strategy class. The presentation will walk you through a paper called The Strategic Potential of The Internet, Strategy and the Internet by Michael E. Porter published by Harvard Business Review or the HBR. Since all HBR paper is a looooong one, you might find this helpful.

Still though, read the whole paper to get in touch with the very inspirational minds of Mr. Porter.  You can find the paper here:

1. Strategy and the Internet
   and
2. Strategy and the Internet

This paper talked how people especially business so eager to jump into the intenet and made a big deal out of it. Not to mention to be the first mover myth. Remember the big dot com falls? But by doing so they had forgotten their strategy and just hoping everything will be settled after they used the internet.

Instead of doing so, Mr. Porter suggest that we use the internet as a complement and that the internet hype (and so called the new economy) is making its way to the end. And that every thing with an “e” must be merged into the business strategy. Eventually the “e” factor will become business as usual. It is not that we shouldn’t be using it. We ought to, but in the right way.

You can put it this way. Imagine internet as phones, televisions, and radio in their first days, but much moooore cooler I never thought it that way until my lecturer gave the analogy.

I have read it and find it difficult to understand because it doesn’t tell us the structure of the paper. So, this might help you.

Structure of the paper:

• Distorted Market Signals
• A Return to Fundamentals
• The Internet and Industry Structure
• The Myth of The First Mover
• The Future of Internet Competition
• The Internet and Competitive Advantage
  The Six Principles of Strategic Positioning
  • Operational Effectiveness
  • Strategic Positioning
• The Absence of Strategy
• The Internet as Complement
  Words for The Unwise: The Internet’s Destructive Lexicon
  The Internet and The Value Chain
  Strategic Imperatives for Dot-coms and Established Companies
• The End of The New Economy

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1. Role of Social Media Applications on The Internet in Knowledge Management Process
2. Fundamental Concepts and Theories in Knowledge Management

Web Comparison

This is a group presentation we did on class. Here we did a comparison for 3 international consumer product. In this case they were Nokia, Samsung Mobile, Sony Ericsson. You might find it interesting.  Before jumping into the comparison in detail, I want to highlight some points, such as how cell phones (They are the big 3 in cell phones industry) has evolved and why web is important for these companies?

• Most cellphone user internet literature and familiar with e-commerce.
• User diversity
• User need detail info of the product (specification, dimention,etc)
• Upgrade/download system or other application  (even can drive more profit)
• Vendors need third party development to improve their platform

You also can find some unique characteristics in these webs, such as:

• Region based websites
• Cool flash usages
• Aps store
• Microsite for certain products (mostly flash based)
• Mobile site
• Different sites for different kinds of users incl. developers
• Social media integrated (campaign, etc)

Find out more about it on this presentation and tell me which one is the best web according to you

What drived company from the past up until now:

Cost (70′s) –> quality –> speed –> creativity (21st century)

This is why knowledge management is important. Because it can drive creativity and as a repository of it.

Industrial economy (commercial products) –> knowledge economy(service and expertise)

These two will be a business outcome to the company.

Some new customer expectation includes:

• customized or even personal product, almost a unique one for each customer
• multipurpose product and service
• practical and easy

From the 5 P of knowledge management the most difficult one is people because it is the most difficult aspect to deal with.

The most important point from the effective knowledge culture is openess, honesty, and concern for others is encouraged because this can drive all the other point.

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1. Role of Social Media Applications on The Internet in Knowledge Management Process
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