Ads503 Notes 7 - Ty
Ads503 Notes 7 - Ty
K-CREATION
INTRODUCTION
§ KM has been with mankind for more than 8000 years
§ The question has now shifted to the subject of knowledge management, which
perhaps will bail out and justify additional trillions of dollars worth of spending
§ It entails a collective visioning as :
§ how sharing knowledge can enhance organizational performance
§ the reaching of a consensus among the senior management of the
organization
Implementing KM involves..
What knowledge to share?
: know-how
: best or good practices
: knowledge of clients or customers
: competitive intelligent
: knowledge processes
- aim at making the existing business - poses greater risks than internal
work better, faster or cheaper, by arming sharing programs
the front-line staff of an organization with - raising complex issue of
higher quality, more up-to –date and confidentiality, copyright and in
easily accessible tools and inputs to do the case of the private sector, the
their jobs , and so add value for clients or protection of proprietary assets.
save costs. - but it may also offer greater
potential benefits.
Knowledge Management
The 10-Step Knowledge Management Road Map
Introduction
} KM is a complex activity
} Cannot deliver business impact without a concrete plan
} 10-step road map will guide you through:
◦ Strategizing
◦ Designing
◦ Developing, and
◦ Implementing KM initiative
} Roadmap is NOT a Methodology
} KM strategy will have to be unique to the company
In this first step, you gain an understanding of various components that constitute the
knowledge management strategy and technology framework. By analyzing and accounting
for what is already in place in your company, you can identify critical gaps in the existing
infrastructure. Consequently, you will be able to build upon what already exists. The key lies
in accurately identifying and fixing what will work as a part of the knowledge management
system and what will not. There is no silver bullet for knowledge management: Anything
making that claim is fraught with immense risk. Instead of telling you what components to
build upon, I will guide you through the process of making those decisions specifically in the
context of your company. Although leveraging existing infrastructure is the logically,
scientifically, rationally, theoretically, common sensically, and financially right approach, it
also stands a better chance of generating stronger management support for your knowledge
management project because of the perception that you are not completely abandoning the
“old” existing investments.
Specifically, as a part of this first step, we focus on the following:
1. Understanding the role of your company’s existing networks, intranet, and extranets
in knowledge management. You will analyze, leverage, and build upon data mining,
data warehousing, project management, and decision support system (DSS) tools
that might already be in place.
2. Understanding the knowledge management technology framework and its
components.
3. Considering the option of using knowledge servers for enterprise integration, and
per- forming a preliminary analysis of business needs that match up with relevant
knowledge server choices.
4. Integrating existing intranets, extranets, and GroupWare into your knowledge
manage- ment system.
5. Understanding the limitations of implemented tools and identifying existing gaps in
your company’s existing technology infrastructure.
6. Taking concrete steps to leverage and build upon existing infrastructural
investments.
Codification: Personalization:
- More focused on technology - Focused on connecting
that enables storage, indexing, knowledge workers through
retrieval, and reuse. networks.
- Suited companies that - Better suited to companies that
repeatedly deal with similar face “one-off” problems and
problem and decision. depend more on tacit
knowledge and expertise than
on codified knowledge
Knowledge drives strategy, and strategy drives knowledge management. Without a clearly
articulated link between knowledge management and business strategy, even the world’s
best knowledge management system will deliver zilch. Business strategy is usually at a high
level, and, dare I say, with lofty goals. Developing systems is always at a low level:
Specifications and features are needed, not abstractions, visions, or business ideas. The
second step in the 10-step road map allows you to make the connection between these
two: Raise knowledge management system design to the level of business strategy and pull
strategy down to the level of systems design. As a part of the process of creating this
alignment between knowledge management and business strategy, Chapter 6 describes
what you must do:
When such alignment between your knowledge management and business strategy is
clearly established from the outset, you can be sure that your knowledge management
system is moving in a direction that holds promise for long-lasting competitive advantage
and that it will actually benefit both your company’s employees and its bottom line.
Your first big choice is the collaborative platform. You can choose to use an open standard,
such as the Web, or opt for a packaged solution such as Lotus Notes or a similar proprietary
group support platform. We will reason through the choice of the preferred collaborative
platform to decide whether the Web or Notes is better suited for your company. You must
also create profiling mechanisms for push- and pull-based knowledge delivery while
balancing cost versus value-added for each additional enabling component. Specifically, as a
part of this third step, you must:
You do this after considering the ways in which work is done in your own company. The
choice of these components will vary according to the different corporate cultures and work
norms that exist in different companies.
A knowledge management project must begin with what your company already knows. In
the fourth step, you audit and analyze knowledge, but first you must understand why a
knowledge audit is needed. Then you assemble an audit team representing various
organizational units as described in Chapter 8. This team performs a preliminary assessment
of knowledge assets within your company to identify those that are both critical and the
weakest. As a part of this step you will:
Strategic Position A
internally safe, externally vulnerable (because all
K is explicit/codified), low TK, competitors don’t
have more K, best case scenario, very few
companies fall here, a spot for companies
pursuing KM effectively, K is already well
Strategic Position B
high EK, high TK, EK also
explicated by competitors, excellent
scenario for an efficacious KM
initiative & support, a well funded
KM, technology is major &
important, externally safe but there
is a risk of key employee leaving the
company and join competitor.
Strategic Position C
In the fifth step on the KM road map, you design the knowledge management team that will
design, build, implement, and deploy your company’s knowledge management system. To
design an effective knowledge management team, you must identify key stakeholders both
within and outside your company and identify sources of expertise that are needed to
successfully design, build, and deploy the system while balancing the technical and
managerial requirements.
We examine the issues of correctly sizing the knowledge management team, managing
diverse and often divergent stakeholder expectations, and applying techniques for both
identifying and avoiding critical failure points in such teams. Specifically, you must take the
following steps to design an effective team for implementing knowledge management:
1. Identify key stakeholders: IT, management, and end users; manage their expectations.
2. Identify sources of requisite expertise.
3. Identify critical points of failure in terms or unmet requirements, control, management
buy-in, and end user buy-in.
4. Balance the knowledge management team’s constitution—organizationally, strategical-
ly, and technologically.
5. Balance technical and managerial expertise that forms a part of this team.
6. Resolve team-sizing issues.
This step integrates work from all preceding steps so that it culminates in a strategically
oriented knowledge management system design.
7) DEVELOP KM SYSTEM
1. Develop the interface layer. Create platform independence, leverage the
intranet, enable universal authorship , & optimise video & audio streaming
2. Develop the access & authentication layer. Secure data, control access, &
distribute control
3. Develop the collaborative filtering & intelligence layer , using intelligent
agents & collaborative filtering systems. Looking options to buy intelligent
agents versus easy & free tools that can be used to build your own
4. Develop & integrate the application layer with the intelligence layer & the
transport layer.
5. Leverage the extant transport layer to take advantage of existing networks
that already in place in your company
6. Develop the middleware & legacy integration layer to connect the KM
system both to true legacy data & “recent” inconsistent legacy data
repositories & databases left behind by custom systems that your company
needs to retire for reasons of cost or lack of functionality
7. integrate & enhance the repository (storage) layer
Once you have created a blueprint for your knowledge management system (step 6), the
next step is that of actually putting together a working system.
If you choose the Internet rather than depend on a proprietary collaborative platform, you
can convert your company intranet to a front end for your system.
1. Develop the interface layer. Create platform independence, leverage the intranet,
enable universal authorship, and optimize video and audio streaming.
2. Develop the access and authentication layer. Secure data, control access, and
distribute control.
3. Develop the collaborative filtering and intelligence layer, using intelligent agents and
collaborative filtering systems. We look at options to buy intelligent agents versus
easy and free tools that can be used to build your own.
4. Develop and integrate the application layer with the intelligence layer and the
transport layer.
5. Leverage the extant transport layer to take advantage of existing networks that are
already in place in your company.
6. Develop the middleware and legacy integration layer to connect the knowledge
management system both to true legacy data and “recent,” inconsistent legacy data
repositories and databases left behind by custom systems that your company needs
to retire for reasons of cost or lack of functionality.
7. Integrate and enhance the repository layer.
The seven layer of the KM system architecture-pg.127 of Tiwana
Phase 3 Deployment
8. Deploying with result-driven incrementalism (RDI) methodology
9. Leadership issues
1. Understand the need for a pilot knowledge management system deployment, and
evaluate the need to run one; if it is needed, select the right, nontrivial, and
representative pilot project
2. Identify and isolate failure points in pilot projects
3. Understand the knowledge management system life cycle and its implications for
knowledge management system deployment.
4. Eliminate the “big-bang” information packaging methodology, the waterfall
methodology, and systems development life cycle (SDLC) orientation
5. Understand the scope of knowledge management system deployment
6. Use the RDI methodology to deploy the system, using cumulative results-driven
business releases
7. Decide when to use prototypes, and when not to use them
8. Convert factors to processes
9. Create cumulative results-driven business releases by selecting releases with the
highest payoffs first
10. Identify and avoid the traps in the RDI methodology
Well-executed deployment will ensure that the knowledge management system is
well received by the users for whom it is built.
The most erroneous assumption that many companies make is that the intrinsic value of an
innovation such as a knowledge management system will lead to its enthusiastic adoption
and use by their employees. Knowledge sharing cannot be mandated: Your employees are
not like troops; they are like volunteers. Encouraging use and gaining employee support
require integration of business processes with knowledge management system use, and
new reward structures that motivate employees to use the system and contribute to its
infusion, championing, and training. Above all, it requires enthusiastic leadership that sets
an example to follow.
As part of this one but last step on the knowledge management road map, you need to:
1. Understand the role of a chief knowledge officer and decide whether your company
—big or small—needs to formally have a CKO at all. This decision further requires an
understanding of how a CKO relates to the CIO, CFO, and CEO. If you decide not to
appoint a CKO, who else can best play that evangelist’s role?
2. Organize the four broad categories of the CKO’s or knowledge manager’s
responsibilities. To do so, you must understand the CKO’s technological and
organizational functions. We examine the backgrounds most successful CKOs come
from.
3. Enable process triggers for knowledge management system success.
4. Plan for knowledge management success using the knowledge evangelist as an agent
for selling foresight. Selling foresight is as hard as selling oxygen, but not as hard as
selling the Brooklyn Bridge: It is difficult, but it can be done.
5. Manage and implement cultural and process changes to make your knowledge
management system as well as your knowledge management strategy succeed.
Many companies hastily appointed CKOs out of a fear of being left behind, only to realize
later that they did not really need one. You do not always need a CKO, per se, and Chapter
13 guides you through that choice.
PHASE 4 EVALUATION
10. EVALUATE PERFORMANCE, MEASURE ROI,& INCREMENTAL REFINE THE KMS
- Understand how to measure
- Calculate ROI for KM investments
- Decide when to use benchmarking as a comparative knowledge metric
- Use quality function deployment for creating strategic knowledge metric
- Real-options analysis of returns and performance
- Metric for Performance Evaluation
The tenth step—measuring return on knowledge investment (RoKI)—must account for both
financial and competitive impacts of knowledge management on your business. This step
guides you through the process of selecting an appropriate set of metrics and arriving at a
lean but powerful composite.
In this last iterative step on the 10-step knowledge management road map, you will do the
following:
We also look at ways to classify and evaluate processes using The APQC Process
Classification Framework. We also see how successful companies have approached metrics,
what errors they have made in the past, and how you can learn from their mistakes.
Being able to measure returns serves two purposes: It arms you with hard data and dol- lar
figures that you can use to prove the impact of effective knowledge management, and it lets
you refine knowledge management design through subsequent iterations.
METRICS
Metrics, also known as ‘measures’ or ‘key performance indicators’ (KPIs), are simply a tool
for assessing the impact of a particular project or activity.
Using Metrics Allows:
} Targets to be set
◦ Metrics provide clearly defined goals and scope for projects, allowing for
more concrete design, planning and implementation. Metrics state “this is
what we plan to do, and this is the benefit it will have”.
} Success to be assessed
◦ Metrics provide very specific ’success criteria’ for projects, allowing the
outcomes to be assessed at the end of implementation.
} ROI to be estimated
◦ In the current times of tight IT budgets, there is an expectation that projects
will deliver quantifiable benefits. This is often defined in terms of ‘return on
investment’ (ROI). Without strong metrics, estimating ROI is little more than
guesswork.
} Ongoing viability to be tracked
◦ Metrics continue to provide value beyond initial implementation.
Appropriate measures will quickly highlight issues, allowing them to be
resolved before they grow or spread.
} Lessons to be learnt
◦ By providing a concrete way of assessing the success (or lack of) various
approaches, a greater understanding can be gained. This can then be applied
when establishing new initiatives.
Benchmarking can also help organizations identify areas, systems, or processes for
improvements—either incremental (continuous) improvements or dramatic (business
process re-engineering) improvements.
Benchmarking is used to measure performance using a specific indicator (cost per unit of
measure, productivity per unit of measure, cycle time of x per unit of measure or defects
per unit of measure) resulting in a metric of performance that is then compared to others.
In project management benchmarking can also support the selection, planning and delivery
of projects.
Leveraging Knowledge
LEVERAGING (improve) WHAT EXISTS
§ Enhancing organizational intelligence by creating a system that enable
people/workers to improve their work processes in order to expand their quality of
work life.
§ Technology’s most valuable role in KM is broadening the reach and enhancing the
speed of knowledge transfer.
§ Even the formal notion of KM is relatively new but the concepts and
facilitating technologies have existed for years.
§ Primary role that computing has to play in knowledge management is therefore that
of storing, which includes searching, retrieval, and networking
§ Most of the technologies that support KM processes and activities have been around
for many years.
§ Collaborative synergy
- Successful KM-collaboration and collaborative success, If KM system cannot support
collaboration, knowledge sharing, learning, and continuous improvement, it's not
worth the bother
§ Decision support
§ Flexibility and scalability
§ KMS has and needs room to grow and change with the business that it
supports
§ Ease of use
§ KMS has to be easy to use
Identifying
8. APO Knowledge Management Assessment Tool
knowledge
9. Knowledge Cafés
10. Communities of Practice
17. Advanced Search Tools
18. Knowledge Clusters
19. Expert Locator
20. Collaborative Virtual Workspaces
22. Knowledge Mapping
23. KM Maturity Model
24. Mentor/Mentee
Tools for Creating knowledge
1. Brainstorming
2. Learning and Idea Capture
4. Learning Reviews
5. After Action Reviews
7. Collaborative Physical Workspaces
9. Knowledge Cafés
10. Communities of Practice
13. Knowledge Bases (Wikis, etc.)
KM TOOLS
(1) Asset Management
Many organizations own vast numbers of patents and do not necessarily leverage the costs
of ownership as well as they could with the potential of their use for further innovation.
- doing the proper analysis of the portfolio's worth can bring one of the strongest
immediate returns on investment as a knowledge management project.
(2) Extranets
An extranet is…….
a centralized electronic repository of information (typically accessed via computer
from a company's web site).
The users are specific clients who want an immediate tie to the company, the
information it has, and their work with the company.
There is unlimited potential for the uses of extranets including access to static
information like advertising, newsletters, client specific work product, and online
resources.
There are also applications for interactive tools for collaborating and more.
An extranet is frequently a portion of a company's web site that is password
protected for use by authorized clients.
(4) Intranet
An intranet is a centralized electronic repository of information (typically accessed
via computer on a company's network with a browser based for interface.
There is unlimited potential for the uses of intranets including access to static
information like HR forms, work product, and online resources
-as well as interactive tools for learning, collaborating and more.
There are solutions for small businesses who want to build an intranet solution without
tremendous expense either in infrastructure (technology or staff) and time.
(3)Distance Learning
There are a variety of ways to educate members of your organization virtually rather than
relying on travel into "in person" seminars.
Save time and money by considering technology that can simulate a physical classroom,
electronic modules, and real-time lectures and synchronous sessions.