Strategy is in Knowledge Management(18)

Strategy is in Knowledge Management

- Verifying Resources: To the eyes of the top management, people in Mando were the most valuable and rare resources to overcome the dark era and to attain the sustainable competitive advantage. In that Mando's employees had always been highly observed and evaluated in the market, human capital were also turned out to be non-substitutable.

- Managing Resources: Now the question is how to manage and systemize the tacit knowledge of the people. At this point, Mando introduced the concept of knowledge management. Adopting and establishing knowledge management throughout the organization, Mando succeeded in developing new technology and bridging partners all over the world in the most efficient way.

Strategy is in Knowledge Management(16)

Global Mando, strategy is in knowledge management

Starting in 2006, Mando designated the knowledge asset assessment and management system as the top priority of CKO (Chief Knowledge Officer). Consequently, Mando set up the overt goal and evaluated the performance of knowledge management, which brought the active participation of the employee and never-ending commitment of the management. On top of that, Mando has changed the corporate culture so that employees can freely use the communities of practice into works. 

For example, through community of practice activities, employees defined what Mando's core competency was in terms of the competitive advantage and recreated core knowledge. Additionally, in pursuit of global communities of practice between oversea investors and partners, Mando widened knowledge management activities even outside the company.

Strategy is in Knowledge Management(4)

Global Mando, strategy is in knowledge management

Mando's competitive advantage lies in knowledge management through which all employees share, utilize and recreate core knowledge of the organization. Thus, the essence of Mando's knowledge management as the core organizational strategy can be defined as not mere 'information system' rather something 'human-based'.  

It is because Mando has been endlessly raking values by inserting the clothes of knowledge management on the top of information system.

Strategy is in Knowledge Management(1)

Global Mando, strategy is in knowledge management

It isn't too much to say that there are no companies which do not emphasize the importance of strategic management in their business. From functional and business strategies to organizational strategies, companies all around the world pay enormous attention to strategies on a daily basis. 

It is because they suppose the success of business highly relies upon strategic management. Thus, they argue that companies must come up with and develop proper and timely strategies to achieve competitive advantages. 

Improving the Quality of MBA Education in Korea, Japan and China(12)

Improving the Quality of MBA Education in Korea, Japan and China - Integrating East & West

Starting Korea, our first action plan is to underscore the importance of Eastern-Western value integrated MBA education in the academic and corporate sector by all means. Then, we will propose the new MBA education model to schools, companies, Ministry of Education of each country and contact companies to join the new MBA curriculum launch and support the schools at the same time. 

Throughout all these efforts, if students will have more skills, expertise to increase productivity and will be more rounded globally and companies will also have greater competitive advantages, we can dare to say our model for innovation, the brand-new MBA education model, succeeds in adding values to the stakeholders of MBA education in Korea, Japan and China.

Enhancing the Quality of MBA Education in Korea, Japan and China(2)

Improving the Quality of MBA Education in Korea, Japan and China - Integrating East & West

Negative point of view is also found out even inside the academic field. For example, Ikujiro Nonaka, a professor at JAIMS and one of the most influential scholars in the management academy, claims that professors do not know the real business world. He went on saying that professors tend to focus on abstract theories and models without enough hands-on experiences. 

However, we insist that an Eastern-Western value integrated MBA education would be a competitive advantage to companies, particularly in Asian context. And the integrated MBA education could raise their value within companies consequently.

Strategy in Knowledge Management(8)

'Global Mando', Strategy is in Knowledge Management

According to the company, productivity was estimated to escalate by more than 200% and 20 billion won-equivalent outcomes were achieved due to the global R&D knowledge management. Besides, Mando did full-page revision of its intellectual assets such as company codes, information system manuals and quality management system into a 'global Mando standard manual'.

One of the distinguished aspects of the Mando's knowledge management is the unique performance evaluation indexes. Mando came up with its own evaluation tools which measure how much knowledge management contributed to the corporate performance on the strategic purpose.

Starting in 2006, Mando designated the knowledge asset assessment and management system as the top priority of CKO (Chief Knowledge Officer). Consequently, Mando set up the overt goal and evaluated the performance of knowledge management, which brought the active participation of the employee and never-ending commitment of the management.

On top of that, Mando has changed the corporate culture so that employees can freely use the communities of practice into works. For example, through community of practice activities, employees defined what Mando's core competency was in terms of the competitive advantage and recreated core knowledge. Additionally, in pursuit of global communities of practice between oversea investors and partners, Mando widened knowledge management activities even outside the company.

Strategy in Knowledge Management(1)

'Global Mando', Strategy is in Knowledge Management

It isn't too much to say that there are no companies which do not emphasize the importance of strategic management in their business. From functional and business strategies to organizational strategies, companies all around the world pay enormous attention to strategies on a daily basis.

It is because they suppose the success of business highly relies upon strategic management. Thus, they argue that companies must come up with and develop proper and timely strategies to achieve competitive advantages. 

This could explain why a huge number of companies seem so obsessed with strategies. In other words, to succeed in business, companies should create powerful strategies by all means. Otherwise, they even can’t guarantee survival in this era of fierce competition.

Knowing strategies definitely makes organizations to think and prepare for the future. All in all, strategic management already takes in the every aspects of corporate operation. The question is how an organization can execute it.