Knowledge Management Today s Society Essay - 1476 Words

Knowledge Management in Today’s Society In this executive summary, we will discuss the ability to control and maintain knowledge management in today’s ever-changing society. Society is facing many changes that are impacting the workforce for individuals and organizations as a whole. The baby boomers can be classified as anyone 55 years of age or older, which are referred to as the older workforce. The change between baby boomers being the leading workforce in organizations, in comparison to today’s society where now that trend is changing to the younger generations in the workforce. With the available personnel to work for businesses changing, companies need to find a way to keep the knowledge, skills, and abilities available to their organizations with new employees coming on board. Knowledge Management The hardest situation most companies face, is finding valuable employees to invest company time and assets into. Companies want individuals that can grow, learn, and be valuable to their particular company. With the pool of applicants changing, companies must learn to handle their knowledge management within the business structure. â€Å"Clearly one compelling reason for optimizing the knowledge, skills, and abilities of older workers is the projected growth rate in the country and the workplace† (Odums, 2006, p. 4). While the baby boomer’s generation is retiring, companies need to use them as their assets and teach the younger generation valuable skills. By teaching theShow MoreRelatedscientific management in modern society1673 Words   |  7 Pagesï » ¿Scientific management in modern society Introduction Scientific management also known as Taylorism (Mitchan 2005) is a set of rules that govern job design in manufacturing department. 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