ASE1 Data, information, and Organizational knowledge

Every company has, to a greater or lesser extent, an information subsystem -that is, a means by which it gathers data, interprets it, and makes it available to employees through a distribution system. Whether we are talking about marketing information, cost projections, accounting results, or internal quality reports, every company depends on knowledge to support its planning, decision making, and control.
So how does knowledge fit into the picture? The emergence of the field called knowledge management in the last 10 years or so has highlighted some key propositions:
a? All organizations are storehouses of knowledge that operate in information-rich environments made up of people and things both inside and outside the organization itself
a? Organizations organize, interpret, and evaluate this information to solve organizational problems
a? Knowledge is the primary mechanism for processing and utilizing information
a? Peoples brains are the key knowledge resource of any organization
a? Codified knowledge stored in books, audio and video tapes, and computer systems can be an important knowledge resource as well
a? There are organizational processes and strategies generally and IT management processes and strategies in particular that can significantly enhance the ability of organizations to use their knowledge resources to solve organizational problems effectively
Several of these themes will come up again in later modules in this course. But by way of introduction to the subject, lets take a look at some views of how knowledge works (these are the REQUIRED readings):
Leonard, D., & Swap, W. (2005). The Knowledge Coach. HBS Working Knowledge. Retrieved from:article/print/40343
Wiig, K.M. (N.D.) On The Management of Knowledge. The Wiig Group. Retrieved from Main_Page
and read about that theory in-depth, then (3) write a 3 page essay that discusses how data, information and knowledge are applicable in the context of that theory, or vise-versa. Be sure your discussion demonstrates that you understand the meanings and differences between data, information and knowledge. In your discussion give a real-world example of data, knowledge and information in the context of your theory and provide some commentary on that scenario as to what was done right, what could be better to achieve a better outcome.
Case assignment expectations:
Your assignments will be graded following these expectations:
Precision: the questions asked are answered.
Clarity: Your answers are clear and show your good understanding of the topic.
Breadth and depth: The scope covered in your paper is directly related to the questions of the assignment and the learning objectives of the module.
Critical thinking: It is important to read the a?required readingsa? posted in the background material plus others you find relevant. Your paper should include important concepts from these readings and incorporate YOUR reactions and examples that illustrate your reflective judgment and good understanding of the concepts.
Your paper is well written and the references are properly cited and listed (refer to TUI guidelines Well-Written-Paper.pdf)
Your paper meets the page requirements not counting the cover page or the references pages.