Condition your Organisation with Knowledge Management and Managerial Excellence

Abstract

Organisational concepts and strategies suggested by the classical organisational theorists have become obsolete with a turnaround in the organisational philosophies driven by the liberalisation, globalisation and privatisation. The concept of organisation as open dynamic systems replaced all functional organisation structures with dynamic and contingent structures. Mere possession of quantitative resources does not automatically ensure efficiency and effectiveness in modern organisations. This is not an exception to human resources even. While it is true that human resources alone provide utility to organisational resources, managerial personnel provide direction and guidance to the rest of human resources. Days were in dreams when it was believed that persons with qualities like intuition, wisdom, attractive personality, decision-making ability, controlling power etc., only become managers. Interestingly the reality is that mangers are not born, but made. In the context of growth in the management education, the world renowned management expert Peter F. Drucker has stated that managers are scarcest resource and hence to be used optimally to attain excellence. Developing professionalism by knowledge management and managerial excellence are the order of the day.