Create a 13 page essay paper that discusses Knowledge Management Plan for Ford Motor Company.
The research on the firm’s reports has led to the assumption that the firm’s existing knowledge management system needs to be updated. The CommonKADS Methodology (a scheme proposed by Martins et al. (2003) is used – appropriately customized – in order to support the growth of the firm’s performance. Through the suggested system – as described analytically below – a series of benefits will be achieved: a) increase of firm’s competitiveness in its industry, b) improvement of communication and cooperation in the internal organization environment, c) stabilization of the firm’s growth – referring to the potential of the firm to face the market turbulence.
The implementation of the suggested knowledge management plan in the particular organization has revealed a series of organizational weaknesses – a fact that could threaten the performance of the plan. however, the plan’s policies have been appropriately customized in order to face the relevant challenges. The existence of a mechanism that will closely monitor the progress of a plan helps to eliminate the risks regarding the specific initiative.
The current study focuses on the presentation and the explanation of a knowledge management plan that could help Ford Motors Company to increase its competitiveness. The various phases of this plan are critically analyzed by referring to the company’s characteristics and needs. At the same time, the existing knowledge management system is evaluated – at the level that it can be used simultaneously with the suggested knowledge management plan. The period of the suggested project has been set to 3 years. however, it could be extended if necessary – after careful examination of the potential implications of such an initiative.