Knowledge and information transfer have become increasingly important to organizations everywhere and knowledge is now recognized as a valuable intangible asset. The building of knowledge generation capabilities within CAK is aimed at creating an organization with the flexibility to meet new challenges.
The expected outcome of KM initiatives is to enhance individual, team, and organizational capability and thereby increase organizational capacity. Together, these outcomes are envisaged to spur overall productivity, improve the quality of decisions, and contribute to growth as well as achievement of Vision 2030.
Further KM aims to increase knowledge and skills of individual staff – arising out of learning and innovation in the knowledge process, engender positive attitudes, strong moral and ethical values – foundations of individual capability development. In turn, individual capabilities collectively contribute to organizational capability and societal capacity in so far competition matters are concerned.
At a higher level, organizational capability focuses on these aspects to achieve sustainable growth and competitive advantage by:
- Improving internal processes and systems
- Developing core competencies
Designing innovative strategies
The Knowledge Management function also enhances organizational capability to create, reorganize, disseminate widely, and embody knowledge in new products and services is critical when faced with, including but not limited to:
- Shifting markets
- Rapid product obsolescence
- Financial upheavals
Knowledge Management at CAK also enhances networking and collaboration that can stimulate the creative potential of individuals and organizations to seize the enormous opportunities in society for growth and development. Ultimately, enhanced public and private sector collaboration raises awareness and heightens the positive effects of fair competition across all sectors of society.