Knowledge Gap and Transfer Issues in Financial Management

摘要

A mission lacks of financial resource is a mission impossible. Marine Corps financial managers have the responsibility to manage their commanders' financial resource effectively to accomplish the mission. However, the constant personnel turnover and the lack of a knowledge management system in the Marine Corps financial management process are causing a knowledge gap and limiting knowledge transfer thereby negatively affecting the financial managers' ability to carryout their duty. Fortunately, the recent advent of information technology has made it possible for many organizations to retain and share valuable information among individual employees to improve performance and efficiency. The concept of retaining and sharing knowledge among members within an organization is known as knowledge management (KM). With that being said, the Marine Corps should implement a KM system in the financial management process to correct the knowledge gap and facilitate knowledge transfer that is crucial to the financial managers' overall effectiveness.