The Effectiveness of Knowledge Management and Business Intelligence for Increasing Financial Performance. (A Case Study: Petroleum Development Oman)

Abstract

The purpose of this study is to know about the effectiveness of integrating knowledge management and business intelligence for increasing the financial performance of Petroleum Development Oman Company. Based on the impact of this integration to increase the organization’s performance, the data has been collecting through primary and secondary sources. The main objective of this study is the integration between knowledge management and business intelligence and its effect on the financial performance of the company. In this research, two methods were discussed as direct influence and indirect influence. In the direct influence method, the company will use information that is generated by the process of knowledge management system and prepare the reports through business intelligence system for the company’s financial plans and activities. After that company can make appropriate financial decision to improve and develop the current financial plan and strategies. Another way is the indirect influence of the integration through focuses on intellectual capital and human resources development through education and training, enhancing innovation and using their capacities and skills in work. However, both influences contribute to increase efficiency, productivity, sales, profits, and reduced cost. Thus improving the company's performance and its financial performance, which contributes to sustainable the company in its business field market and maintains its competitive advantage.