Information and Knowledge Management for Factiva

In: Business and Management

Submitted By chelrohi
Words 5850
Pages 24
EXECUTIVE SUMMARY
Knowledge Management is a process where organization gathers shared knowledge from available resources like databases, paper and human minds and contributes it to places that help in generating large reimburses.
In this assignment, our objective is not only to understand how Knowledge Management functions in the company but also to analyze the challenges and current strategies that the company is facing. We have studied the Knowledge Management system of company named – FACTIVA, USA.
Factiva is one of the top companies in US, formed in 1999. Factiva in past was popularly known as Dow Jones Reuters Business Interactive. In late 2006 Dow Jones bought out Reuter’s stake in Factiva for $160 million. Factiva’s aim is to help its customers with straight facts and figures. Factiva is a leading provider of News Articles and Business Information. Mr. Clare Hart, the President, presently heads Factiva. Factiva’s web – based service provides a collection of information from 14000 Sources such as The Financial Times, New York Times, Wall Street Journal, and Yomiuri Shimbun and Etc. it also contains 400 Newswire Services (Dow Jones Factiva, 2010).
In this assignment we have discussed and analyzed Knowledge Management, its current position and functioning and its challenges with ways given to improve the drawbacks of the company. The structure of the assignment begins with the introduction followed by the questions and answers about the Knowledge Management System in Factiva, USA and the ends with recommendations and conclusion.

INTRODUCTION The term Knowledge has been derived from Greek word “gignoskein” which means to decide upon. According to Tsitchizris and Lochovsky. Information is an “increment of knowledge which can be indirectly taken from data.” In simple terms we can say that knowledge is information, facts or data.
Need for Knowledge…...

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