What I know about Knowledge Management ? ;)
It has been one semester for me to learn about Knowledge Management, at first what I know about Knowledge Management is just some basic information about it. Today, I'm going to talk about what I understood so far about Knowledge Management.
As we know, Knowledge Management are formed from two simple words, which are "Knowledge" and "Management"; however, interestingly both of the meaning and concept of these two words are much more complicated.
Starting with "Knowledge", we all have learned about it is created by having a basic data, turned into information and developed into knowledge. Furthermore, knowledge can bring wisdom to people. Where all of these will be so much important for a company to master.
As in Management, it is how we manage, organize, develop something to be more useful, to be more understandable, transferable, and useable.
Combining these two words, it simply means how a company manage the existing knowledge so these knowledge are able to spread widely and usefully throughout the employees, so that company is able to gain more benefits and competitive advantage.
A "Knowledge Management" comes with 3 components as below:
We can see that how this picture places People as the most important component with 70%. It means that even a company has created a good process and technology to support their knowledge management program; it will never success once the people are not willing to cooperate.
To enable the "people", it has never been easy to any company, because people tend to prefer owning knowledge on its own, not sharing knowledge. So if a company wants to make it Knowledge Management success, it has to start with creating a knowledge sharing friendly environment. Once the people around are willing to share their own knowledge, it is when the knowledge of a company is started to get accumulated.
As theories, there are many talking about knowledge management, one of my previous posts shows the theory, and here is another one from Nonaka and Takeuchi knowledge conversions.
A lot of companies have actually implemented various knowledge management programs, some of them gained huge success, while some of them fail in meeting what they expect for.
For example, the previous video post from me shows how Unilever success in implementing their knowledge management program. *you can take a look at the video.
Another great example is how Bank Central Asia uses Community of Practice to push sharing knowledge and creating knowledge.
Last but not least, what I want to say is, in this era, there are numerous companies that are performing so well, being so creative. But current success never defines future success. The key to keep this success is now depending on how smartly a company is able to manage their knowledge. :D