A strategic pretext for Knowledge- Michael Zack Essay

A strategic pretext for Knowledge- Michael Zack - Essay Example Zack firmly holds his stance when he says that proper & timely ‘knowledge management’ is essential for the successful implementation of a strategy, & henceforth essential for the growth & survival of any organization. He demarcates instances when organizations have accepted & attempted to use the notion of ‘knowledge management’, but failed due to the mismanagement in the ‘procedure of usage’. In this discourse, he dives in to explain the procedures of a successful usage of this unique strategical technique. The writer gives a set of guidelines, norms, decorums & procedure, through which this notion can be materialized from theory to practicality (Zack, n.d., pp.1-2). The author begins with a concise appraisal of traditional strategy & how these concepts can be extended to knowledge as a strategic foundation. The writer denotes that his primary objective is to provide a framework for initiating & facilitating dialogue among strategic managers & KM practitioners concerning the exact strategic function of knowledge. Zack creatively divides the notion of strategy in to four parts: strengths, weaknesses, opportunities, & threats (Zack, n.d, pp.1-2). He calls the quartet by name of SWOT by adding up the abbreviations of all the words. This uniqueness of the Zack’s evaluation makes the notion of KM even more interesting a topic to delve in. Zack emphasizes by saying that a SWOT analysis discovers a firm’s strengths & weaknesses in relation to the opportunities & threats of its existing environment. The discourse advices firms to take strategic actions to restore strengths, counterbalance weaknesses, avert threats & capitalize on opportuni ties. For Zack, proper strategical notions are the perfect balancing acts which could rescue a company from the jaws of annihilation (Zack, n.d, pp.1-2). Zack suggests division of the SWOT framework in to two