Driving Knowledge Management

  The KM framework is constantly evolving in the past decades. The importance of managing and leveraging organization’s intellectual knowledge capital to gain competitive advantage has been stressed enough. With the ever-changing business goals, KM is now seen more and more as an integrated mechanism to bring together functional silos rather than an independent operation to manage intellectual knowledge.   Even though the KM framework varies from organization to organization based on the business structure, goals and operations, the evolution of communities, personalization approach with stress on collaborative culture, informal meet ups are some of the trends seen across organizations with end goal to create an environment that is cohesive to knowledge sharing and capturing. However, for KM to succeed and to grow and align with the changing organizational trends and business needs, comes the need to evaluate its performance and measure its success against the defined goals....

  In the last two decades decade, the creation and enablement of knowledge as a source for an organization’s competitive advantage has been highly emphasized.   There has been a paradigm shift in how the organization's knowledge is now viewed and nurtured. Knowledge Management is all about knowledge creation and the activities that support the creation and dissemination at various organizational levels. It starts from instilling a knowledge vision, building a collaborative culture, facilitating conversations, globalizing local knowledge, and encouraging creativity and innovation. The integration of the above processes leading to the generation of new sources of knowledge is the key to the success of any organization. Knowledge can be both explicit and tacit. The knowledge that can be quantified and documented is explicit knowledge. It is tangible and can be conveyed through processes, documentation, books, videos, etc. However, this just forms only a fraction of any organi...

  The effective knowledge harvesting, utilization, and sharing are pivotal to competitive advantage for any organization. As Sir Francis Bacon quoted “knowledge is power”. The channeled knowledge through the Knowledge Management (KM) system helps bridge the skills gap, allowing people to make better decisions and provide efficient and productive results, ultimately leading to time and costs savings.     Knowledge can be broadly divided into two categories: explicit and tacit.   explicit knowledge can be easily codified and retained by the organization via manuals, documents, eLearning courses, etc. However, tacit or intangible knowledge that comes with people’s experiences and expertise can only be retained and channelized as explicit knowledge via the network of KM communities. This knowledge leads to better decisions and outcomes benefitting not only the people but the organization as a whole. Below given are some of the most effective knowledge management prac...