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  You are here » Home » Knowledge Management (KM)
Knowledge Management (KM)
» What is Knowledge Management?
» Why is Knowledge Management important to your business?
» How can SkillBase assist?
  What is Knowledge Management?
Knowledge Management can be defined as the concept in which an organization consciously and comprehensively gathers, organizes, shares, and analyzes its knowledge in terms of resources, documents, and people skills.
  Why is Knowledge Management important to your business?
Today’s business environment is characterized by continuous, often radical change. Such a volatile climate demands a new attitude and approach within organizations — actions must be anticipatory, adaptive, and based on a faster cycle of knowledge creation.
Some of the current challenges businesses face include:
•   A growing emphasis on creating customer value and improving customer service
•   An increasingly competitive marketplace with a rising rate of innovation
•   Reduced cycle times and shortened product development times
•   A need for organizational adaptation because of changing business rules and assumptions
•   A requirement to operate with a shrinking number of assets (people, inventory, and facilities)
•   A reduction in the amount of time employees are given to acquire new knowledge
•   Changes in strategic directions and workforce mobility that lead to knowledge loss
  How can SkillBase assist?
Based on a proven and previously used methodology Skillbase’s approach to capturing and reusing knowledge can make a difference to the desired performance outcome. With our partnership with one of the leading organizations in the world, SkillBase has access to some of the best KM consultants and resources in the world – with widespread experience in working with diverse organizations from the Oil Industry to Financial organizations.
This following information will provide you with a brief process for implementing a Knowledge Management Initiative that is used by Skillbase. You may be interested in just some or all of the below steps of effective Knowledge Management. Although they are listed as separate and sequentially, they eventually need to be considered as inter-related components, as part of a holistic approach to Knowledge Management.
1) Knowledge Management Assessment and Survey
Help you to quickly assess your organisation or teams orientation and readiness for knowledge management.
2) Knowledge Management Education
The organisation and its personnel may be totally new to Knowledge Management and be glad to start from the beginning and simply 'soak up' anything they can, or the organisation may be familiar with Knowledge Management and keen to improve your understanding further.
3) Knowledge Management Consulting
Provide you with a good understanding of Knowledge Management a well proven and robust KM methodology that will help develop a compelling KM Strategy and Business case.
4) Knowledge Management Roles and Responsibilities
Assist you with identifying and implementing the new Knowledge Management Roles and Responsibilities. The new roles and responsibilities that need to be performed to implement the strategies and perform the processes for effective Knowledge Management implementation.
5) Knowledge Management Processes, Methods and Tools
Assist you with evaluating, piloting, designing, improving and implementing improved knowledge driven work practices, processes, methods, tools and techniques.
6) Knowledge Competencies
Assist you with developing and managing the new knowledge competencies to be able to perform the new Knowledge Management roles and responsibilities, perform the new Knowledge Management processes and methods, and to use the new tools and knowledge technologies.
7) Knowledge Networks
Assist you with developing and/or participating in effective Knowledge Networks and Communities of Practice to be able to better suface and share the most valuable tacit knowledge that often gets locked away in the heads of individuals.
8) Knowledge Management Technologies
Assist you with developing and implementing the new hardware and software technologies, such as Knowledge Portals, Knowledge Servers, Knowledge Bases and Collaborative work spaces to support the new Knowledge Management Processes, Methods and Tools.
9) Knowledge Management Measures
Assist you with measuring the effectiveness of implementing Knowledge Management and the Business benefits derived.

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