'Global Mando', Strategy is in Knowledge Management
In doing so, Mando shortened the required time for the development of new technology and invigorated R&D. At the same time, by compiling knowledge through community of practice activities, Mando encouraged all employees see and learn the know-how of in-house experts.
Mando's knowledge management does not just stay in sharing, utilizing and creating corporate knowledge. Rather, it advances to global network which ties foreign investors and partners together. The central research center in Korea led the development projects of the new technology and global R&D.
Furthermore the center established and operated the optimal 'global R&D response system' by collecting customer demands and technology information in close cooperation with research centers in Beijing and India, technology centers in America and Germany.
'Global Specification Management System' is the best example. From the planning stage to the mass production and quality control level, product information of both domestic and overseas investors and partners was efficiently exchanged throughout the whole process of product development.
'Global Mando', Strategy is in Knowledge Management
As an example, let’s talk about the intelligent car project which was under development at that moment. The central research center was deeply involved in advanced development. In other words, the central research center mainly provided the concept of technology and devised necessary electronic and controlling technology.
Furthermore, the center performed prototype tests as well. In the meantime, once the quality and specifications of a product fixed, local research centers took the responsibility of the mass production and after sale services.
Right after the development project of the intelligent car began, in-house experts armed with related knowledge and experiences immediately rushed to the corporate research centers.
These experts who had been at Mando at least over 5 years were the owners of core technologies in their own R&D (Research and Development) area. They acted as go-betweens to transplant their knowledge into co-workers who joined the development project.
'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.
