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Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises

Thesis (MPhil (Information Science))--University of Stellenbosch, 2008.

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Main Author: Wagner, Roland
Other Authors: Van der Walt, M. S.
Format: Thesis
Language:English
Stellenbosch : University of Stellenbosch
Published: 2008
Subjects:
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access_status_str Open Access
author Wagner, Roland
author2 Van der Walt, M. S.
author_browse Van der Walt, M. S.
Wagner, Roland
author_facet Van der Walt, M. S.
Wagner, Roland
author_sort Wagner, Roland
collection Thesis
dc_rights_str_mv University of Stellenbosch
description Thesis (MPhil (Information Science))--University of Stellenbosch, 2008.
format Thesis
id oai:scholar.sun.ac.za:10019.1/3409
institution Stellenbosch University (South Africa)
language English
Stellenbosch : University of Stellenbosch
last_indexed 2026-06-10T12:42:14.156Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository
publishDate 2008
publishDateRange 2008
publishDateSort 2008
record_format dspace
source_str SUNScholar — Stellenbosch University Repository
spelling oai:scholar.sun.ac.za:10019.1/3409 Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises Wagner, Roland Van der Walt, M. S. University of Stellenbosch. Faculty of Arts and Social Sciences. Dept. of Information Science. SMME Baldrige Knowledge management Competitive intelligence Small business -- South Africa Small business -- South Africa -- Management Small business -- South Africa -- Decision-making Small business -- South Africa -- Information services Dissertations -- Information science Theses -- Information science Thesis (MPhil (Information Science))--University of Stellenbosch, 2008. SMMEs provide opportunities for employment and economic growth for South Africa. SMMEs need to be as prepared as their larger counterparts in the ever-changing local and global business environment. In order to become not only successful but also sustainable, the smaller enterprise must be aware of what is happening in both its external and internal business and operating environment. It is important for these smaller enterprises to take cognisance of changes in the political and legislative environments, as well as changes in customer expectations and competitor behaviour. Knowledge management tools such as competitive intelligence and particularly internal and external benchmarking are vital for the company’s survival. Concepts such as benchmarking for internal and external best practices, as well as competitive intelligence to gain important external decision-making knowledge, can be as beneficial to SMMEs as they are to the large corporate entities. However, knowledge management is largely ignored in the smaller company’s decision-making processes, due to financial and time constraints as well as a lack of the necessary skills to utilise knowledge management tools. Knowledge management can therefore be as important and beneficial to the smaller enterprise’s operations and decision-making mechanisms as it may be to corporations and large companies. The broad goal of this study is to review the literature on achieving best practice by implementing knowledge management in organisations. The examination of the literature and the subsequent description of the outcomes could be used to create awareness that, like larger companies, SMMEs need to process internal as well as external information in order to make strategic decisions. The utilisation of CI tools such as SWOT analysis, PEST analysis and benchmarking allow the company to systematically gather and interpret information. By using the Baldrige criteria, a systematic and continuous approach for learning and improvement is developed. This methodology (the literature review) provides a framework for gaining the knowledge that already exists (in books, journals and on the Internet). By disseminating this knowledge according to the methods described, it is hoped that the research will construct already existing knowledge into a new approach that might benefit the discipline as a whole. From the results of the study, it should become clear that certain aspects of enhancing CI in smaller enterprises require attention. Although there are organisations that assist SMMEs with relevant information, this information is scattered across various sources in different formats. Not much information and assistance is available to smaller enterprises that provides a clear framework of how to achieve internal CI practices by using the CI tools and business models such as benchmarking within the formal structure of the Baldrige criteria. Masters 2008-08-07T09:35:19Z 2010-07-09T11:09:33Z 2008-08-07T09:35:19Z 2010-07-09T11:09:33Z 2008-03 Thesis http://hdl.handle.net/10019.1/3409 en Stellenbosch : University of Stellenbosch University of Stellenbosch application/pdf
spellingShingle SMME
Baldrige
Knowledge management
Competitive intelligence
Small business -- South Africa
Small business -- South Africa -- Management
Small business -- South Africa -- Decision-making
Small business -- South Africa -- Information services
Dissertations -- Information science
Theses -- Information science
Wagner, Roland
Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title_full Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title_fullStr Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title_full_unstemmed Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title_short Achieving best practice through knowledge management : benchmarking and competitive intelligence as techniques for strategic decision-making in small and medium sized enterprises
title_sort achieving best practice through knowledge management benchmarking and competitive intelligence as techniques for strategic decision making in small and medium sized enterprises
topic SMME
Baldrige
Knowledge management
Competitive intelligence
Small business -- South Africa
Small business -- South Africa -- Management
Small business -- South Africa -- Decision-making
Small business -- South Africa -- Information services
Dissertations -- Information science
Theses -- Information science
url http://hdl.handle.net/10019.1/3409
work_keys_str_mv AT wagnerroland achievingbestpracticethroughknowledgemanagementbenchmarkingandcompetitiveintelligenceastechniquesforstrategicdecisionmakinginsmallandmediumsizedenterprises