Business Consort

Every organisation contains knowledge, but how well does your business handle it? Is there a single place of truth where everything that is needed resides - or do you lose information when someone leaves, is away on holiday or sick, or moves up to a higher position?

More to the point - do you KNOW what you’re losing?

• You train people and then they leave - you can’t stop that happening, but how do you retain what they’ve learned?
• You promote someone and they move into a different role - how much do they actually hand over to their replacement? Is that factored into their move?
• People are unexpectedly away from work - perhaps from an accident or off sick, or have to take time off to look after a family member. Does the person who has to cover know where to look to find out what they do - and how?
• In multinational or multi-site organisations, someone gets transferred from one place to another - does their knowledge go with them and leave a gap?

Every organisation needs to have a strategy to handle its knowledge risks. Not only to record systems and processes, but to store information on a wide variety of functions. Ideally, that system also needs to have the flexibility to grow with the organisation, and handle change and improvement too.

There is a cliche ‘Knowledge is power’; but that implies exclusivity of knowledge and in today’s world protecting your personal knowledge doesn’t help the organisation to function effectively - in fact, quite the reverse.

Today’s world is based on sharing openly for the benefit of your environment, whether that’s family, community or employer. Just look at the explosion of social media - all based on sharing information and knowledge.

How does your organisation stand up to the knowledge risks?