Posted: September 18th, 2023

Mgt 403 discussion 1. Differentiate between data

Mgt 403 discussion 1. Differentiate between data, information, and knowledge.
Click on the following link to watch a short video. Listen to the video carefully to understand the concepts highlighted.

Write a brief paragraph based on your understanding about the concepts highlighted in video.
How communities of practice support organizations? Which type of community is best for the organization you work in?
pleas give references not copy.

References

The video elucidates these concepts helpfully. Data refers to unorganized facts and figures without context, like customer names and sales figures. Information arises when data is organized and structured, providing meaning and purpose. For instance, compiling customer data into a list presents information. Knowledge builds on information by applying human expertise, experience and judgment. It represents the synthesis of information through critical thinking.
Communities of practice effectively support knowledge sharing in organizations. They cultivate knowledge through social interaction among practitioners with common interests. Members learn from each other’s expertise through active engagement and discussion of challenges, best practices, and lessons learned (Wenger, McDermott, & Snyder, 2002).
The type of community most conducive depends on organizational needs and culture. Innovative firms may benefit most from an open community where diverse perspectives spark new ideas. Hierarchical companies could apply a guided community with leadership guidance on strategic priorities. Healthcare organizations may prefer domain-specific communities focused on particular specialties or patient populations (Li et al., 2009).
In summary, the video helpfully distinguishes key knowledge management concepts. Communities of practice effectively foster organizational knowledge when tailored to the culture and goals. Further exploration of specific community models could yield insights for any organization.
References:
Li, L. C., Grimshaw, J. M., Nielsen, C., Judd, M., Coyte, P. C., & Graham, I. D. (2009). Evolution of Wenger’s concept of community of practice. Implementation Science, 4(1), 1-8. https://doi.org/10.1186/1748-5908-4-11
Wenger, E., McDermott, R. A., & Snyder, W. (2002). Cultivating communities of practice: A guide to managing knowledge. Harvard Business Press.