Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header about About Home Profiles articles Tools forums inspirational quotes About facebook Twitter YouTube Blog
Share for a Cause











Five Myths about Knowledge Management

Guest post by: Ian Windle

Article Overview: Knowledge Management is a common business phrase that is often misunderstood. Here is a short article that dispels the myths around it and demonstrates what it really is.

Free Download - BUILDING A HIGH PERFORMING TEAM By Ian Windle
Name: Email:

Five Myths about Knowledge Management

There are a number of myths surrounding knowledge management and how it affects business.

The first myth is that it is based in information technology. Knowledge management did not arrive with modern technology: it is about people, not IT. Technology merely enables knowledge to be captured more efficiently. But knowledge management can exist in a simple form between two people. If Mr A tells Mr B how a particular machine works and Mr B then goes on to explain this to some staff, the knowledge is being managed. IT has an important part to play in large conglomerates, where vast amounts of information have to be captured. But merely capturing knowledge in a database, no matter how sophisticated it is, is not enough. Access to information placed by someone else is not access to knowledge. Knowledge can be acquired only through learning and learning can take place only when a subject is understood and new information can provide new insights. Just as learning by rote may help people pass exams, knowledge management is little use unless there is a true understanding of the subject. A formal programme helps people to learn for themselves and share information more freely. For this to work properly, a number of things must be in place. People have to be motivated to search out information, through people or systems; in other words, information has to be perceived to add value to the individual’s role. Once it has been “accessed” it has to be user-friendly and relevant. It is no good being an expert and telling people all you know, because the recipient will not necessarily take it in. If the information is relevant and meaningful, people will listen or read and think about it. They need to be able to use others as a sounding board to confirm their thoughts and will need time to consider the information. From an organisational point of view, the important thing is that the conclusion, or the learning, is the “right” one. If the information is confusing, obtuse or incorrect, then so will be the conclusion. The idea of lining people up in the direction the organisation has mapped out is then lost.

The second myth is that knowledge management is new. Knowledge management is a philosophy of allowing people to perform to the best of their abilities, using knowledge available to them from sources within and outside the organisation. It was around long before the first intranet. Organised agriculture was developed in the eastern Mediterranean and spread to Europe 4,000 years ago as an early form of knowledge management. A group of people took their knowledge and shared it with others, developing processes along the way.

The third myth, knowledge management is not a fancy new management tool; it involves everyone in the organisation. If a company is going through a change such as a merger or acquisition, staff need to know the reasons for the change and how it will affect them before they will “buy into” it. A memo from the chief executive is not enough. Consider the acquisition of a small company with a strong brand presence by a large global blue-chip company. Staff in the smaller company will have many questions about the rationale for the acquisition - who they will work for, whether the brand will be protected and so on. The senior team from both organisations may have sat down over many months, to analyse the market, the acquired company, the competition, the value of the brand and internal issues such as the restructuring. The senior team’s conclusions are then sent out in slide presentations, e-mails and corporate newsletters. What they overlook is that people need to hear the story for themselves and then be allowed time to understand the issues for themselves. They need to figure out that the acquisition was essential for both organisations and that the merger will provide a more successful organisation than two separate entities. Only when people have been allowed to reach these conclusions themselves will they have really transferred knowledge, learnt and bought into the change. Of course, true knowledge-sharing and learning do not always mean agreement. But they do allow people to understand the issues and, if they feel strongly, they can always leave.

The fourth myth is that knowledge management is a passing fad. Many blue-chip companies have long had knowledge officers and departments. Shifts in job expectations mean that employees will not just go to the company offering the highest salary but to an organisation that develops and nurtures its employees, allowing creative input and self-development. Companies need to trust their staff and allow them greater freedom. The culture of a company has a big impact on whether people share knowledge or just keep it to themselves. You cannot manage knowledge; you can only manage the environment that leads to the knowledge being shared.

The final myth is that knowledge management is expensive to implement and makes no difference to the bottom line. If you think knowledge is expensive, try ignorance. Knowledge management programmes are not there just to increase staff morale. A knowledge management strategy is a commercial one. It is true that at 5.30pm, a company’s most expensive assets walk out through the door. To improve the bottom line, your assets must work efficiently. Do they?


Related Articles
  The Employment Tests Myth
  The 3 Biggest Myths of Entrepreneurial Leadership
  Is Using Past Success In Hiring A Mistake?
  Seven Marketing Myths that Devastate Business
  Clearing Up The Myths About Strategic Thinking and Planning
  10 Greatest Pharmaceutical Sales Myths: Exposed
  THE “SECRET RECIPES” OF LEADERSHIP
  Five MLM Myths You Must Dispel Before Your Prospects Will Join You.
  Is having a website a requirement in the RFQ RFP process today
  The Myths & Realities of Customer Relationship Management CRM
  Clearing Up The Myths About Seeking Advice and Help, According To Your Strategic Thinking Business Coach
  What IT Systems Are Critical for a Retail Supply Chain?
  Do Not Fall Into These Internet Home Based Business Myths
  Advantages of One-on-One Computer Training
  The Top Ten Myths And Realities About Business Coaching According To Your Strategic Thinking Coach
  8 Marketing Truths that Will Make You More Profitable
  Debunking Franchise Myths
  Network Marketing In The 21st Century
  Shattering The 5 Most Dangerous Presentation Myths
  Are Multiple Supply Chains Important (Survey Response 1)

Home > Leadership > Ian Windle > Five Myths about Knowledge Management >
Article Tags: change, engagement, knowledge management, leadership, learning

About the Author: Ian Windle
RSS for Ian's articles - Visit Ian's website

Ian Windle. Owner and Managing Director, LiveChange Ltd LiveChange Ltd www.livechange.co.uk Founded LiveChange in 2006. At the heart of LiveChange is a behavioural change model that is applied to the way we think and therefore the way we design and deliver all our client programmes. LiveChange works with leadership teams, and middle management through to whole organisations to create alignment behind their vision, goals and strategies. This is achieved through a team of consultants, learning designers and graphic designers who work in partnership with clients to really get underneath their key issues, agree a pla n and create a programme that addresses their issues and delivers success. LiveChange work covers a number of areas including the Improving sales, Leadership development, Innovation, Vision and strategies, Product launches, Organisational and brand values, Organisational systems and processes and Mergers and acquisitions.

Click here to visit Ian's website
Dashed Line

Ian Widle's Blog
More from Ian Windle
BUILDING A HIGH PERFORMING TEAM
10 Organisational predictions for 2010
MAKING GREAT PRESENTATIONS
Great Stories Change Cultures
Your Core Values may be a waste of time


Related Forum Posts
No B.S. Time Management No B.S. Time Management - A great book I read on Time Management is No B.S. Time Management for Entrepreneurs by Dan Kennedy.
Hello all... Hello all... - Hello everyone - this is just a short intro. My name is Evie Parsons and I'd just like to say hello to everyone. As everybody knows that nowadays forums are the best source of Knowledge, and through forums we can learn a lot. I look forward to meeting you all and wish you the best of success.
Which kind of industries are you interested in? Which kind of industries are you interested in? - Ecological or E-business or Investment or Finance or Management or Non-Profit or Retailer or others.
Re: Service Or Product? Re: Service Or Product? - I agree with starting a Service-based Business in the economy. Here is what I think is critical: 1. Researching that your Service business has a market. 2. Marketing the Service with as much leverage as possible. 3. Product-izing the Service (aka Package Expert Knowledge). This will only help elevate you as "the" expert in your niche and make you accessible to people in different price points.
Re: Franchise of a popular call center Re: Franchise of a popular call center - If you have knowledge in running a call center and know how to manage it effectively then it sounds like it’s a good business for you. Workforce management relates to employee matters like payroll, HR, and employee training. Knowledge management relates to research, strategies, innovations and the effective use of technology. In both cases your prime clients are corporate sectors especially those who want to reduce their cost and increase performance at all levels.


Recommended Article for You close

  The Employment Tests Myth

Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article

Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Is the Media to blame for losses in super?

ROSI Return on SUNK Investment

Are You My Mentor

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.