Managing knowledge for international projects

Submitted by:Shivangi Saxena

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.

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

Institutions

Works at instinct level

InstiTutors your mind, heart and body

tutCharge you either positively or negatively

ion

Institutions creates followers with a good charge

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.

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.

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.

Knowledge FLOW • The theory of knowledge conversion assumes that knowledge is created, converted

and flows through a spiral like process involving four steps:

Socia

lizat

ion

Com

bina

tion

Exte

rnal

izatio

n

Inte

rnal

izatio

n

Case study

Preliminary findings • Importance of knowledge on Global Projects:

Knowledge about the local project environment is necessary

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

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.

Thank You…