Knowledge Management practices can be highly improved through supporting work culture advance minority communities.
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KM is a core function of organizations. It is practices by all organizations irrespective of whether they have a formal KM function or not.
There is a need for Leadership to appreciate what KM can do so that they can benefit from it.
I am highlighting a few aspects of KM that are important:
1. Ability to safeguard and grow core competencies (Know-how and Know-why): Typically done through collation, categorizing & storing key contents
2. Growing Thought Leadership: Interventions like Communities of Practice are powerful ways of growing Thought Leadership in any area of focus
3. Employee Productivity: Productivity of employees is correlated with easy access to information & knowledge. KM interventions go a long way in enabling employee productivity.
4. Cost Savings: Systematic reuse of proven knowledge can easily bring down overall costs ( 20-25%) & it largely depends on the discipline with which reuse is practiced
5. Revenue growth: By applying After Action Review techniques, we can achieve faster growth with higher predictability.
6. Agility & decision making: The ability to make decisions faster depends on how easily relevant information & knowledge is available. KM can easily enable this.
Dr. Randhir is a well-known KM Consultant, Author, and Instructor.
Click here to visit his company site, ACIES Innovations...
Knowledge Management practices can be highly improved through supporting work culture advance minority communities.
...
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