International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online)

Facilitating Global Economy Process through Human Resource Re-engineering and Knowledge Management
Elham Shahmandy, Abu Daud Silong, Siti Akmar Abu Samah

Abstract
Finding the nexus between human resource re-engineering and knowledge management is vital in facilitating the economic process. This is due to the need for the knowledge management system to be in place as the component in the new training system that is skill-enhancing. To achieve this, three approaches of re-engineering process have to take place namely thinking capital improvement based on business process re-engineering, changing organizational values based on knowledge management categories and outcome approach to training. To play a major role in human resource re-engineering in knowledge management, there is a need to attend to the whole scenario encompassing the concept of providing education or learning on demand, leveraging information and expertise to improve organizational innovation, responsiveness, productivity and competency. Additionally, factors concerning critical knowledge management can be identified as culture, management, incentives and measurements of cost and service. It is very clear from the various implementation on case studies that by applying good management framework and expediting improvement in innovations; productivity and competency have been achieved by major organizations through adopting re-engineering, re-tooling and re-literating the human resource. Furthermore, it has become a crucial requirement in facilitating the organizing, gathering, structuring, analyzing and making information available for decision makers to devise and implement various economic development programmes. This paper reviews the components of knowledge management that emphasize knowledge environment concepts with leading organizations which will enable new paradigms for assessing and measuring the country’s economic empowerment in the global economy. The salient features described in this paper also cover knowledge management, knowledge categories, knowledge types and strategic business objectives in which knowledge management plays a leading role in the years to come in promoting global economy.

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