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The relationships between k-management, corporate entrepreneurship and firm's financial performance


A. Rahman, Badruddin (2006) The relationships between k-management, corporate entrepreneurship and firm's financial performance. In: Knowledge Management International Conference and Exhibition 2006 (KMICE 2006), 6-8 June 2006, The Legend Hotel Kuala Lumpur.

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Abstract

In a study of Sungai Petani industrial companies, it was observed that while knowledge management offers cost savings, the real value is in more forward-looking managers that are technological entrepreneurs working in adaptive organizational environments. These managers are fundamental drivers of the technological innovation process. Their activities will create new resource combinations to make innovation possible, bringing together the technical and commercial worlds in profitable ways. Their administrative capabilities must be deployed both effectively and efficiently. Technological entrepreneurship can involve one individual (individual entrepreneurship) or the combined activities of multiple participants in an organization (corporate entrepreneurship). These companies derive benefits in faster product development, improved decision-making, more skilled employees, and enhanced services that better meet customer needs. These benefits will surface in measures such as cycletime reductions, better resource returns, higher product satisfaction indexes, and increased employee education levels. Many of the organizations surveyed now recognize that knowledge management is critical to the survival and growth of their business. They are aware of the need to distribute information throughout the organization by making use of a variety of operational knowledge management techniques. Their main concern is to connect people to the system being used for the distribution and transfer of knowledge. Knowledge management gives balance by linking the building of company's knowledge to business strategy.

Item Type: Conference or Workshop Item (Paper)
Additional Information: (ISBN) 983-3282-90-3
Uncontrolled Keywords: K-management, corporate entrepreneurship, financial performance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: College of Business
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 29 Nov 2011 08:14
Last Modified: 29 Nov 2011 08:14
URI: http://repo.uum.edu.my/id/eprint/3566

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