Showing posts with label knowledge management. Show all posts
Showing posts with label knowledge management. Show all posts

Sunday, 15 April 2012

Reflections: Online Information Conference 2011

Pretty exhausting, incredibly insightful and hugely enjoyable: that would sum up my three days as Chairman of this year’s Online Information Conference 2011, held at the Olympia Conference Centre between 29th November and 1st December. The last time the event will be run at this venue, but more about that later.

It was impossible to be everywhere and hear all of the presentations, so my reflections are by necessity limited to what I personally heard, saw or facilitated. To provide some overall context, the conference provided a forum dedicated to learning, debate, professional development, technology reviews and assessments, expert discussion and case-study presentations on what I would broadly describe as the ‘Information Professions”. There were four themed tracks:

  • Going mobile: Information and Knowledge on the move
  • Social Media: Exploiting knowledge in networks
  • Building a framework for the future of the information profession
  • New frontiers in information management
  • Search and Information Discovery

The conference opened with a keynote presentation from Craig Newmark on the topic “Effective Social Media: Past, Present and Future”.

Craig is possibly best known as the founder and inspiration behind Craigslist, the largest online local classifieds and community moderated forum service in the world. He modestly refers to himself as a “Customer Service Manager’ for Craigslist, which he himself describes as diminishing role. His time is increasingly devoted to his philanthropic efforts, as defined by the Craigslist Foundation (“….a connector to bring together nonprofit leaders, business, government, philanthropy and craigslist community members to take greater responsibility for where they live, play and work”), and the recently launched Craigconnects (“Using technology to give the voiceless a real voice, and the powerless real power”).

Craig covered quite a lot of ground in his presentation, from the earliest examples of “social media” as defined by Gutenberg,Luther and the role of the printing press in achieving massive social change, to today’s use of social media and the internet to engage with and connect people and groups with similar interests.

His focus is now very much on the nonprofits sector, where he spends about 60 hours of his working week. He referred to the scope and depth of the nonprofits sector as a “sea of help”, but pointed out that many of these people and organisations need help themselves in making more effective use of social media. He identifies Craigconnects as being a “hub”,  helping nonprofit organisations that have similar aims and objectives to connect and collaborate together. He also sees social media as a way of getting more people involved in legitimate nonprofits, and to maybe identify the fake nonprofits, i.e. those that spend most or all of their income on themselves.

Another key theme to emerge from Craig’s keynote was the issue of fact-checking in the news business.  Craig was keen to emphasise that he was not a journalist or an expert in the news industry, but felt that the disinvestment in investigative reporting and fact-checking had eroded the trust in news media. Craig was no doubt referring to the US press, but it seems to me there is some resonance on the issue of trust with the UK press, as reported via the Leveson inquiry . In fact, “trust” was a recurrent theme in both Craig’s keynote, and the keynote for the second day of the conference by Rachel Botsman (see later reference), and as Craig noted: “Trust was the new black”.

The key elements of the fact-checking debate is described in more detail in this article by Craig, recently published in the Huffington Post.  However, perhaps more memorable and particularly poignant is one of Craig’s remarks I noted from his keynote: “The press should be the immune system of democracy”.

A pre-conference podcast by Craig is available from the Online Information website.

Rachel Botsman was the keynote speaker on the second day of the conference. Rachel is a social innovator who writes, consults and speaks on the power of collaboration and sharing through current and emerging network technologies, including how it will transform business, consumerism and the way we live. She is the co-author with Roo Rogers of: What’s Mine is Yours: The Rise of Collaborative Consumption. TIME magazine recently called Collaborative Consumption “One of the top 10 ideas that will change the world.”

Rachel is based in Australia and couldn’t be with us in London, so we had a 35-minute video that Rachel had produced especially for the conference, followed by 20 minutes of questions and answers via a live link-up with Rachel in Australia.

The keynote was broadly based on the book (a highly recommended read). It gives a stark perspective of western societies’ 40-year addiction to hyper-consumerism, and the impact this is having on people, society and the planet’s resources. The key question is whether we can continue as we are for the next 40 years or more, or whether we have to consider other economic models. I’m guessing that the broad vote is for the latter, which is why we’re witnessing the explosive growth of what Rachel refers to as “Collaborative Consumption”

Collaborative Consumption is the process of sharing, bartering, lending, trading, renting, gifting and swapping, reinvented and massively scaled using internet and social network technologies. Rachel described three main systems:

Product Service Systems

Based on the idea of paying for usage of a product without needing to own the product outright.  Car sharing or bike sharing are typical examples. Witness the huge success of bike sharing schemes such as London’s Barclays Bike Hire.

Redistribution Markets

Redistribute used or pre-owned goods from where they are not needed to someone or somewhere where they are. Examples of this type of market  include Freecycle and Craigslist .

Collaborative Lifestyles

It's not just physical goods that can be shared, swapped and bartered. People with similar interests are forming groups to share and exchange assets such as time, space, skills and money.  Examples include The Tuttle Club ,  The Cube and Landshare.

Rachel was keen to emphasise that these new and emerging peer to peer (P2P) models, utilising the power and reach of the internet and social networks to massively scale, can and will co-exist with the traditional business to consumer (B2C) services. Though there is evidence that some B2C corporates are adapting their services to deliver the same sort of flexibility offered by the P2P market. For example BMW’s recently announced car sharing scheme.

Rachel’s video included a few case studies of how “micro-entrepreneurs” are creating products and services by renting selling or trading “idling time” – i.e. the time that a product or service is not being used. This could be the car that sits on the driveway for 22 hours out of every 24, the spare room that only gets used when there are visitors, or that power-drill in the tool cupboard that has only been used for 3 minutes. Services such Airbnp (room renting), Zipcar (car renting) or TaskRabbit (paying for someone to do a chore) were all mentioned. Rachel had asked the founders of TaskRabbit what was the most requested task. The answer – perhaps unsurprisingly – was assembling IKEA furniture! So, if there are any budding IKEA experts reading this – get yourselves registered on TaskRabbit and start earning some extra money!

Inevitably the issue of “trust” came up, as in who would we trust to drive our car, or stay in our house? Evidence from the many P2P services that have sprung up over the past two years would indicate that broadly speaking, people are good and considerate and that there have been very few instances of theft or vandalism (though not to trivialise the impact this may have had on the victims). Rachel went on to say that we will increasingly come to rely on our “Reputation Capital”, as an indicator of trust when transacting products and services in this emerging (and potentially huge) P2P market.

Reputational Capital might typically be defined or influenced by our engagement with online and offline communities and marketplaces. As such (and as I noted in my closing remarks), we’re increasingly familiar with “social media”, “social networks” and “social business”, we now need to seriously consider “social reputation”, i.e. how we act and behave online. Our own Reputational Capital will be a valuable commodity that we all need to nurture and protect as we become increasingly reliant on the internet as a marketplace.

I’m not sure if Craig or Rachel will be reading this blog, but if they are, grateful thanks from me, the organising committee and the delegates for your excellent and inspiring keynotes.

In the interest of brevity, I will limit the remainder of my reflections on the overall three days of the conference to a few bullet points. These are based on my personal observations or comments from the delegates.

  • There was a huge volume of “tweets” on Twitter – more than I’ve seen at any previous conference. The conference hashtag was #online11. Twitter was used by the conference delegates to share what they were hearing and seeing, and as a channel for raising questions to the presenter (there was a Twitter Moderator at all of the sessions to ensure any questions were picked up and answered).
  • We wanted to encourage more interaction with and between delegates at this conference. There was a “speed networking” event, facilitated by FutureGov Consulting and utilising the Simpl.co website for submitting new ideas or offers of help. This didn’t quite go as planned, mainly because it was scheduled against too many other events. A lesson learnt for next time.
  • Some great audience participation at the “Essential Competence – Demonstrating Value” session facilitated by Ian Woolerand Sandra Ward, where delegates were given real coins of the realm (pennies) to vote on a range of options for measuring the value of information and knowledge services. All of the coins were returned afterwards (clearly an honest crowd!).
  • David Gurteen ran one of his eponymous Knowledge Café’s. It was well attended and we received some good feedback. Speaking to a few delegates afterwards I was just slightly surprised that none of them had previously attended a Knowledge Café – which is a fairly well-established process for encouraging conversations and networking. At least they will now be able to take this process back to their respective organisations. Some photos from the Knowledge Café.
  • The was a lot of interest in the “Going Mobile” track. Maybe these statistics from a recent article in The Wall go some way to explaining this:
    • 35% of UK mobile users access social networking sites on their phones (European average is 23%)
    • Mobile social networking use in France, Germany, Italy, Spain and the UK nearly doubled in the last year, with 55m mobile users accessing Facebook, Twitter, etc., in September alone.
    • 26% of mobile social networking users reported receiving coupons, offers, or deals on their phones.
    • Growth in the number of mobile users accessing social networks on a daily basis has surpassed the growth of total mobile social networking adoption
    • 71% of the European mobile social networking audience, accessed Facebook via a mobile device in September—the largest mobile audience of any social network—and an increase of 54% in the past year.
    •  47% of UK mobile users are using smartphones (European average is 40%)
    • 45% of the UK mobile users are using apps, (European average 35%).
  • There was a lot of interest in “Big Data” (part of the New Frontiers in Information Management Track). I moderated a number of these sessions, and came away with the impression that there is a lot of ‘activity at the coal-face’ in this field, but still relatively few examples of how business or user value is being created or delivered. For me, still on the hype curve, but some promising developments on the horizon.
  • Digital content (presentations, video, audio) from the conference is gradually being uploaded to the Online Information website and a live stream at Wavecastpro – so keep an eye out for new content appearing.

I’ll just round this off by mentioning that next year Online Information will be moving to a new venue at ICC London at ExceL, scheduled for 4-6 December 2012. This offers state of the art conferencing facilities, a much improved delegate experience, and better integration between the conference and exhibition elements. Something to look forward to in 2012.

I hope those who that attended the conference found it as informative and exhilarating as I did – I await to see the feedback with some anticipation.

For anyone else, I hope this brief summary might give a taster of what it was all about, and perhaps you might be tempted to attend next year’s event.

Until next year – have a great Christmas and a happy New Year!

Stephen Dale

Chairman, Online Information Conference 2011.

 

Sunday, 11 December 2011

Reflections: Online Information Conference 2011

Pretty exhausting, incredibly insightful and hugely enjoyable: that would sum up my three days as Chairman of this year’s Online Information Conference 2011, held at the Olympia Conference Centre between 29th November and 1st December. The last time the event will be run at this venue, but more about that later.

It was impossible to be everywhere and hear all of the presentations, so my reflections are by necessity limited to what I personally heard, saw or facilitated. To provide some overall context, the conference provided a forum dedicated to learning, debate, professional development, technology reviews and assessments, expert discussion and case-study presentations on what I would broadly describe as the ‘Information Professions”. There were four themed tracks:

  • Going mobile: Information and Knowledge on the move
  • Social Media: Exploiting knowledge in networks
  • Building a framework for the future of the information profession
  • New frontiers in information management
  • Search and Information Discovery

The conference opened with a keynote presentation from Craig Newmark on the topic “Effective Social Media: Past, Present and Future”.

Craig is possibly best known as the founder and inspiration behind Craigslist, the largest online local classifieds and community moderated forum service in the world. He modestly refers to himself as a “Customer Service Manager’ for Craigslist, which he himself describes as diminishing role. His time is increasingly devoted to his philanthropic efforts, as defined by the Craigslist Foundation (“….a connector to bring together nonprofit leaders, business, government, philanthropy and craigslist community members to take greater responsibility for where they live, play and work”), and the recently launched Craigconnects (“Using technology to give the voiceless a real voice, and the powerless real power”).

Craig covered quite a lot of ground in his presentation, from the earliest examples of “social media” as defined by Gutenberg,Luther and the role of the printing press in achieving massive social change, to today’s use of social media and the internet to engage with and connect people and groups with similar interests.

His focus is now very much on the nonprofits sector, where he spends about 60 hours of his working week. He referred to the scope and depth of the nonprofits sector as a “sea of help”, but pointed out that many of these people and organisations need help themselves in making more effective use of social media. He identifies Craigconnects as being a “hub”,  helping nonprofit organisations that have similar aims and objectives to connect and collaborate together. He also sees social media as a way of getting more people involved in legitimate nonprofits, and to maybe identify the fake nonprofits, i.e. those that spend most or all of their income on themselves.

Another key theme to emerge from Craig’s keynote was the issue of fact-checking in the news business.  Craig was keen to emphasise that he was not a journalist or an expert in the news industry, but felt that the disinvestment in investigative reporting and fact-checking had eroded the trust in news media. Craig was no doubt referring to the US press, but it seems to me there is some resonance on the issue of trust with the UK press, as reported via the Leveson inquiry . In fact, “trust” was a recurrent theme in both Craig’s keynote, and the keynote for the second day of the conference by Rachel Botsman (see later reference), and as Craig noted: “Trust was the new black”.

The key elements of the fact-checking debate is described in more detail in this article by Craig, recently published in the Huffington Post.  However, perhaps more memorable and particularly poignant is one of Craig’s remarks I noted from his keynote: “The press should be the immune system of democracy”.

A pre-conference podcast by Craig is available from the Online Information website.

Rachel Botsman was the keynote speaker on the second day of the conference. Rachel is a social innovator who writes, consults and speaks on the power of collaboration and sharing through current and emerging network technologies, including how it will transform business, consumerism and the way we live. She is the co-author with Roo Rogers of: What’s Mine is Yours: The Rise of Collaborative Consumption. TIME magazine recently called Collaborative Consumption “One of the top 10 ideas that will change the world.”

Rachel is based in Australia and couldn’t be with us in London, so we had a 35-minute video that Rachel had produced especially for the conference, followed by 20 minutes of questions and answers via a live link-up with Rachel in Australia.

The keynote was broadly based on the book (a highly recommended read). It gives a stark perspective of western societies’ 40-year addiction to hyper-consumerism, and the impact this is having on people, society and the planet’s resources. The key question is whether we can continue as we are for the next 40 years or more, or whether we have to consider other economic models. I’m guessing that the broad vote is for the latter, which is why we’re witnessing the explosive growth of what Rachel refers to as “Collaborative Consumption”

Collaborative Consumption is the process of sharing, bartering, lending, trading, renting, gifting and swapping, reinvented and massively scaled using internet and social network technologies. Rachel described three main systems:

Product Service Systems

Based on the idea of paying for usage of a product without needing to own the product outright.  Car sharing or bike sharing are typical examples. Witness the huge success of bike sharing schemes such as London’s Barclays Bike Hire.

Redistribution Markets

Redistribute used or pre-owned goods from where they are not needed to someone or somewhere where they are. Examples of this type of market  include Freecycle and Craigslist .

Collaborative Lifestyles

It's not just physical goods that can be shared, swapped and bartered. People with similar interests are forming groups to share and exchange assets such as time, space, skills and money.  Examples include The Tuttle Club ,  The Cube and Landshare.

Rachel was keen to emphasise that these new and emerging peer to peer (P2P) models, utilising the power and reach of the internet and social networks to massively scale, can and will co-exist with the traditional business to consumer (B2C) services. Though there is evidence that some B2C corporates are adapting their services to deliver the same sort of flexibility offered by the P2P market. For example BMW’s recently announced car sharing scheme.

Rachel’s video included a few case studies of how “micro-entrepreneurs” are creating products and services by renting selling or trading “idling time” – i.e. the time that a product or service is not being used. This could be the car that sits on the driveway for 22 hours out of every 24, the spare room that only gets used when there are visitors, or that power-drill in the tool cupboard that has only been used for 3 minutes. Services such Airbnp (room renting), Zipcar (car renting) or TaskRabbit (paying for someone to do a chore) were all mentioned. Rachel had asked the founders of TaskRabbit what was the most requested task. The answer – perhaps unsurprisingly – was assembling IKEA furniture! So, if there are any budding IKEA experts reading this – get yourselves registered on TaskRabbit and start earning some extra money!

Inevitably the issue of “trust” came up, as in who would we trust to drive our car, or stay in our house? Evidence from the many P2P services that have sprung up over the past two years would indicate that broadly speaking, people are good and considerate and that there have been very few instances of theft or vandalism (though not to trivialise the impact this may have had on the victims). Rachel went on to say that we will increasingly come to rely on our “Reputation Capital”, as an indicator of trust when transacting products and services in this emerging (and potentially huge) P2P market.

Reputational Capital might typically be defined or influenced by our engagement with online and offline communities and marketplaces. As such (and as I noted in my closing remarks), we’re increasingly familiar with “social media”, “social networks” and “social business”, we now need to seriously consider “social reputation”, i.e. how we act and behave online. Our own Reputational Capital will be a valuable commodity that we all need to nurture and protect as we become increasingly reliant on the internet as a marketplace.

I’m not sure if Craig or Rachel will be reading this blog, but if they are, grateful thanks from me, the organising committee and the delegates for your excellent and inspiring keynotes.

In the interest of brevity, I will limit the remainder of my reflections on the overall three days of the conference to a few bullet points. These are based on my personal observations or comments from the delegates.

  • There was a huge volume of “tweets” on Twitter – more than I’ve seen at any previous conference. The conference hashtag was #online11. Twitter was used by the conference delegates to share what they were hearing and seeing, and as a channel for raising questions to the presenter (there was a Twitter Moderator at all of the sessions to ensure any questions were picked up and answered).
  • We wanted to encourage more interaction with and between delegates at this conference. There was a “speed networking” event, facilitated by FutureGov Consulting and utilising the Simpl.co website for submitting new ideas or offers of help. This didn’t quite go as planned, mainly because it was scheduled against too many other events. A lesson learnt for next time.
  • Some great audience participation at the “Essential Competence – Demonstrating Value” session facilitated by Ian Woolerand Sandra Ward, where delegates were given real coins of the realm (pennies) to vote on a range of options for measuring the value of information and knowledge services. All of the coins were returned afterwards (clearly an honest crowd!).
  • David Gurteen ran one of his eponymous Knowledge Café’s. It was well attended and we received some good feedback. Speaking to a few delegates afterwards I was just slightly surprised that none of them had previously attended a Knowledge Café – which is a fairly well-established process for encouraging conversations and networking. At least they will now be able to take this process back to their respective organisations. Some photos from the Knowledge Café.
  • The was a lot of interest in the “Going Mobile” track. Maybe these statistics from a recent article in The Wall go some way to explaining this:
    • 35% of UK mobile users access social networking sites on their phones (European average is 23%)
    • Mobile social networking use in France, Germany, Italy, Spain and the UK nearly doubled in the last year, with 55m mobile users accessing Facebook, Twitter, etc., in September alone.
    • 26% of mobile social networking users reported receiving coupons, offers, or deals on their phones.
    • Growth in the number of mobile users accessing social networks on a daily basis has surpassed the growth of total mobile social networking adoption
    • 71% of the European mobile social networking audience, accessed Facebook via a mobile device in September—the largest mobile audience of any social network—and an increase of 54% in the past year.
    •  47% of UK mobile users are using smartphones (European average is 40%)
    • 45% of the UK mobile users are using apps, (European average 35%).
  • There was a lot of interest in “Big Data” (part of the New Frontiers in Information Management Track). I moderated a number of these sessions, and came away with the impression that there is a lot of ‘activity at the coal-face’ in this field, but still relatively few examples of how business or user value is being created or delivered. For me, still on the hype curve, but some promising developments on the horizon.
  • Digital content (presentations, video, audio) from the conference is gradually being uploaded to the Online Information website and a live stream at Wavecastpro – so keep an eye out for new content appearing.

I’ll just round this off by mentioning that next year Online Information will be moving to a new venue at ICC London at ExceL, scheduled for 4-6 December 2012. This offers state of the art conferencing facilities, a much improved delegate experience, and better integration between the conference and exhibition elements. Something to look forward to in 2012.

I hope those who that attended the conference found it as informative and exhilarating as I did – I await to see the feedback with some anticipation.

For anyone else, I hope this brief summary might give a taster of what it was all about, and perhaps you might be tempted to attend next year’s event.

Until next year – have a great Christmas and a happy New Year!

Stephen Dale

Chairman, Online Information Conference 2011.

 

Friday, 24 September 2010

Thriving as a 21st Century Information Professional

  I will be addressing the Network for Information and Knowledge Exchange (NetIKX) members at their meeting on Wednesday 29th September about the challenges and opportunities facing information professionals in today’s information rich – time poor environment. To some extent this is going back to my roots, having been more closely involved in the dark arts of ‘knowledge management’ (and specifically on-line communities) these past few years.  However, information management and knowledge management are two sides of the same coin, and I’ve always made the connections between them when talking about either.
I quite like simple definitions, so for anyone confused by the terms ‘information management’ and knowledge management’, here’s a useful pointer:

Information Management is about organising stuff…..

…..Knowledge Management isn’t!

So, having cleared up any confusion there, I’ll just mention that my presentation to NETIX will be about organising yourself to become more knowledge aware. The full synopsis (an oxymoron?) of the presentation is as follows:
The volume of information continues to grow at an exponential rate; new tools, products and web services appear almost daily. The recession has hit hard but nothing seems to stem the tide of innovation. If anything, the economic climate has fuelled even greater innovation and allowed companies to be even more radical in the way they use the information tools and platforms now available. These are challenging times for the information professional. We all need to be able to work smarter, acquiring and developing the skills to become more effective knowledge and information workers. The talk/presentation will pinpoint the tools and behaviours that can help us develop and sharpen our skills and embrace the opportunities for collaboration and knowledge sharing now available. Specifically:
  •  how to develop the filters and lenses to overcome 'information overload'
  •  understanding the barriers to engagement and collaboration and how to overcome them
  •  how we can break down the information/knowledge silos that exist in the organisation
  •  how 'Web 2.0' and 'Social Media' tools can support personalized learning and self development
I will make the slides available on slideshare subsequent to the meeting, but don’t want to spoil any surprises (and there are some) by posting prematurely. Suffice to say I’ve identified five key steps to help information professionals make the most of the information-rich environment we now live in, and how to tap into and connect with the ‘networks of knowledge’ that are fast becoming the fundamental DNA of the social web.  On a slightly more provocative note, I will also challenge the perception that we are indeed information rich and time poor; trends over the past several hundred years have given us increasingly more leisure time – it comes down to how we as individuals use this time.  Much food for thought!
If any of this stirs your interest or curiosity, come along to the session on 29th September.
A note from the organisers:
If you are a NetIKX Member or  join NetIKX now there is no charge. Non Members are welcome to attend at a charge of £50.  If you have not attended a NetIKX meeting before we are offering a reduced fee of £25, refundable if you join, so that anyone interested in joining NetIKX can come along and try us out.

Monday, 14 June 2010

Knowledge Management - Measuring Return on Investment

A common and recurrent theme that I keep coming across is how to measure the value of knowledge management, e.g. the return on investment (ROI) of implementing a knowledge management strategy. This may cross over into having a social media strategy where the goal is to support knowledge sharing, so I’ll use these terms – KM Strategy and social media strategy interchangeably in this particular context.

I don’t doubt the importance of being able to measure results and it’s the job of managers to ensure they get value out of any investment in training, technology, organisational development or whatever.  However, these things are notoriously difficult to measure – for example – how do you put a price on a conversation? This led to me thinking about turning all of this on its head and considering how we should measure the cost of NOT having a knowledge management or social media strategy, or NOT making any change.

Using this approach we can at least examine the current status quo and determine whether business processes, capacity, staff knowledge etc. are fit for purpose.  So, rather than spending time and effort creating a business case for a KM or SM strategy, ask managers to justify why things should stay as they are.

Some pertinent questions for managers might be:

  1. Are your staff currently motivated and inspired?
  2.  Do your staff have all the relevant information to do their jobs effectively?
  3. Do your staff have the right tools for the work they are being asked to do?
  4. Do your staff understand their place in the wider organisation and their input and output dependencies for the business processes they contribute to?
  5. Do your staff have adequate opportunities to share knowledge and information with other parts of the organisation? Are they encouraged to do so?
  6. Are you confident that you can react to rapidly changing demands on your staff?
  7. Do you have sufficient knowledge and information to consider the impact of external events on you and your staff and to plan accordingly?
  8. Do you know what your customers are saying about you (within and external to your organisation)?
  9. Do current policies and guidelines support or hinder you and your staff in their work?
  10. Does your manager fully understand what you and your staff do?

There are probably other questions that could be asked, but the key point is that any question which triggers a negative response is potentially a catalyst for change.  This also means it could become a performance indicator if change is agreed, i.e. using qualitative or quantitative techniques.

So, we have the beginnings of a measurable approach to change; we know where we are now and we should know what the desired outcomes are. The difference is what we need to measure.

Of course, the problem remains that not all changes can be measured in strictly cash value terms, which is what many people consider to be the true meaning of ROI. I go back to the point I made earlier – how do you measure the value of a conversation or some information shared?  The answer is, you don’t, and the sooner that everyone recognises this the better. Measuring impact can be just as important as measuring value.  The impact might be things like improved customer satisfaction (measured using surveys), or less time to complete a task, or improved staff morale (measured using surveys). Any of these can – and potentially will – have an effect in terms of cash value to the organisation, but I firmly believe that converting impact to cash value is an exercise in futility, since more often than not, the formulae and algorithms have too many variables.

So, in terms of ‘ROI’, think ‘Return on Impact’ rather than Return on Investment when considering Knowledge management strategies, and develop the strategy from the starting point of getting staff to justify the present  status quo.  After all, change is part of life, and as Darwin once said:

It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.

 

 

 

 

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