Knowledge Management – Best Practices for Organizations

Knowledge Management (KM) is becoming an essential component of organizational improvement. KM if practiced well will foster an environment of innovation and thought-leadership.

Knowledge sharing is the key theme for knowledge management implementation.

What are the best practices in Knowledge Management?

1. Digital Workplace Setup
The workplace must be conducive for collaboration and knowledge sharing.
2. Employee Retention
Latest technologies and infrastructure will retain the best employees.
Easy information access, social communication between employee, collaboration, etc., will keep employees motivated.
3. Build a knowledge ecosystem
A knowledge repository for ease of sharing and managing organizations information assets
4. Organizational Culture
Flexible work culture with no hierarchy. A friendly work culture that accepts employee contributions and feedback
5. Knowledge Management Process
Goal setting and clear process milestones to measure the effectiveness of KM Initiatives.
6. Knowledge Management Technology
The database and knowledge center must be constantly updated. The software technology must support easy knowledge sharing among employees. It will also aid in increased business productivity.

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[dr.randhirpushpa]

Relevant to organizations in the current market situation. Employees are spending upto 30% of their time looking for information and knowledge. These offerings are definitely going to help improve productivity.