The first chapter in this book examines the relationships between
absorptive capacity and effective knowledge management through the
analysis of quantitative data drawn from managers and employees in
residential aged care organizations in Western Australia. The
author, Michael Preece, defines absorptive capacity as the ability
of an organization to use prior knowledge to recognize the value of
new knowledge from external sources, assimilate this new knowledge,
and apply it to the benefit of the organization. He provides
valuable training in how service organizations go about
transforming new knowledge into effective actionable business
plans. The second chapter by Mohammad Shamsuddoha provides an
application of system dynamics modelling in firms in the poultry
industry in Bangladesh. This chapter offers deep knowledge of the
"fifth discipline" and beyond. Shamsuddoha uses Vensim, a
simulation-based software package, to build a simulation model with
appropriate equations, formulae, and connectivity to replicate the
real-life operation and outcome in a simulation environment. He
also provides the in-depth knowledge necessary to learn to truly
understand the fifth discipline.
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