Managing knowledge for international projects
- 1. Managing knowledge for international projects Submitted by: Shivangi Saxena
- 2. Introduction • Population has been rising for the market countries and they would need to provide its citizens with the basic needs like – water supply, roads, power, telecom infrastructure • The emerging countries will not be able to satisfy the citizens with the existing funds. • Hence, the involvement of financial institutions from the international community arises.
- 3. International firms • Firms who derive at least 25% of their revenue from operations in countries outside their home market. • They have to deal with people from all horizons and encounter differences which cause risks and they add to the cost. • The basic issues are due to the economic, political and cultural reasons. • They also cause delay in completion of the projects • Lack in knowledge of the local institutions also generates issues
- 4. Institutions Works at instinct level Insti Tutors your mind, heart and body tut Charge you either positively or negatively ion Institutions creates followers with a good charge
- 5. Institutional theory • Scott & Meyer : Symbolic and behavioral system containing representation, constitutional and normative rules together with regulatory mechanism that define a common meaning system and give rise to distinctive actors and action routines. • Meyer & Rowan : Social process obligations or actualities that come to take on a rule like status in social thought or action.
- 6. Institutional theory • Regulative Elements : includes machinery of governance (rules, laws, surveillance machinery, sanctions and incentives. • Normative Elements : focuses on perspective, evaluative and obligatory dimensions of social life • Cultural – cognitive elements : focus of cultural anthropologists, cross – cultural psychologists and organization scholars.
- 7. Knowledge based theory • Organizational knowledge is a resource with at least the same level of importance as capital. • Global firm engaged in multiple projects across the world is interested in using its collective knowledge to achieve higher performance. • If an organization lacks structured ways of learning and sharing, it can lose time and resources spend on repeating the same mistake or re-inventing the wheel.
- 8. Knowledge FLOW • The theory of knowledge conversion assumes that knowledge is created, converted and flows through a spiral like process involving four steps: Socialization Combination Externalization Internalization
- 9. Case study
- 10. Preliminary findings • Importance of knowledge on Global Projects: Knowledge about the local project environment is necessary
- 11. Preliminary findings Mobilization of knowledge on Global projects • Getting the right knowledge within the organization to the right people and project at the right time. • The companies that do not have an IT platform in place rely almost exclusively on socialization methods
- 12. conclusions • IT platforms allow codified institutional knowledge to be transferred • Socialization methods are used to share the more tactic and subtle components of normaltive and cultural cognitive knowledge.
- 13. Thank You…