“A good decision is based on knowledge and not on numbers.”
– Plato
Knowledge Management is a transversal discipline that enables organizations to share the right knowledge with the right people at the right time in order to improve performance.
“The only irreplaceable capital an organization possesses is the knowledge and the ability of its people. The productivity of that capital depends on how effectively people share their competence with those who can use it.” – Andrew Carnegie
Organizations that fail implementing Knowledge Management face common pitfalls, among which: reconstructing the past, reinventing the wheel, repeating the same mistakes, wasting precious time searching for valuable information or looking for the experts, while all needed answers were already available with each departing member.
Practical examples
A senior expert employee can share his knowledge with junior employees to help them learn, improve their skills and be more efficient. This knowledge transfer will improve the support service, and will have a direct impact on clients' satisfaction.
Sharing lessons learned and best practices with the relevant teams helps in optimizing the production quality and delivery, by reducing errors and improving the production cycle. This will reduce production costs, and enhance the global performance of the company.
A short list of Knowledge Management benefits
Knowledge is often confused with Data and Information. Hereafter are definitions and examples to clarify the difference.
Data is raw content, which by itself has no meaning or value.
A restaurant sales check including two large burgers and two bottles of soft drinks, this is data: if not put into context and understood by the reader, it has no value.
Information is data that was put in context.
For the restaurant manager, the data in the sales check has a meaning: it helps him evaluate and compare the daily sales of burgers and soft drinks.
Knowledge "is information combined with experience, context, interpretation, and reflection. It is a high-value form of information that is ready to apply to decisions and actions" (Davenport et al. 1998).
The daily sales of burgers can be used to take the right decisions and actions, such as predicting the correct amount of bread to purchase. The relationship between the quantity of bread to be ordered, the quantity of bread currently in the inventory, and the daily sales of burgers, this is knowledge.
Knowledge Management is about creating and managing the activities and processes in order to get the right knowledge to the right people at the right time. Knowledge activities help organizations create, store, retain and share their knowledge, and use it in order to improve the performance of the organization.
"KMS is a class of Information Systems which objective is to support construction, sharing and application of knowledge in organizations" (Alavi and Leidner, 1999), and to facilitate Knowledge Management.
Raise the awareness on the role of knowledge management, as a key success factor and a competitive advantage.
Create and promote a Knowledge Sharing Culture as part of a Knowledge Management initiative.
Give presentations, trainings and workshops on the different phases of Knowledge Management implementation.
Set the Knowledge Management objectives, and determine the requirements.
Implement Knowledge Management systems and tools adapted to the relevant knowledge activities.
Set measures to assess the impact of Knowledge Management on performance.
Founder and consultant: Pascale Hatem
My experience in Knowledge Management started in 2001 at Murex Services where I contributed to the knowledge management implementation and to the development and implementation of the corporate Knowledge Management System.
My interest and passion for this subject went beyond my professional activities, so I started an executive doctorate program at Dauphine Paris (EDBA) to learn what the scientific studies on Knowledge Management have uncovered and to share my experience on the field with the academic community.
Academic research topics within the EDBA (Executive Doctorate in Business Administration) program at Universite Paris Dauphine:
Professional workshops attended on Knowledge Management
Speaker at presentations and seminars
International academic conferences attended