Tacit knowledge such as craft and know-how, explicit knowledge such as manuals and management system exchanged with each other harmoniously and created a virtuous circle of ever–advancing knowledge management system of Mando. In short, strategic decision of realizing knowledge management incredibly worked well and finally bore the fruit of the rebirth of a deadly-ill company.
It is not too much to say that strategic management will draw more and more attention from all types of organizations in the future. Definition of strategy can be differed from one company to another. However, nobody argues that only the firm establishment of strategic management can guarantee the survival of any given organization.
That’s why companies are strongly pushed to carefully look at the outer circumstances and utilize their own resources at the maximum level. As showed above, Mando Corporation is one of the best role models for strategic management. Undoubtedly, as a strategic concern, knowledge management resurrected a dishonored company into a highly promising star.
As Mr. Oh indicated, without knowledge management, Mando may already have been liquidated. In this point of view, lessons from the story of Mando insist that strategic management should be spread into every single parts of an organization.
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