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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

30 July 2024

Unleashing knowledge sharing: KIROI step 1 for managers

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Unleashing knowledge sharing: KIROI step 1 for managers


In today's business world, many managers face a key challenge: how to create an environment in which knowledge sharing is not seen as a chore, but as a valuable process. Knowledge sharing is the foundation for innovation, efficiency and long-term success. Companies that consciously organise and promote this process gain significant competitive advantages. In this article, we will show you how you, as a manager, can unleash knowledge sharing and thus transform your company[1].

Why knowledge sharing is essential for modern organisations

Knowledge sharing is much more than just a management practice. It is a strategic tool that enables organisations to learn faster and respond more flexibly to change.[2] When employees actively share their expertise, synergies are created that lead to better solutions and innovative approaches.

Imagine this: A project manager in the finance department has developed an efficient method to automate complex processes. If this knowledge only remains in one person's head, only this one person benefits from it. By systematically sharing knowledge, this proven method becomes a resource for the entire organisation[3], resulting in measurable increases in productivity and cost savings.

Companies often report that a structured exchange of knowledge increases employee satisfaction. People feel valued when their expertise is utilised. They experience themselves as experts in their own field. This significantly strengthens loyalty and motivation[4].

Shaping the culture of knowledge exchange

A culture that promotes knowledge sharing does not come about by chance. Managers are the architects of this culture.[5] They must consciously create a framework in which people are happy to share their experience and knowledge.

Trust as the basis for successful knowledge exchange

Without trust, there can be no real exchange of knowledge. People withhold knowledge if they fear it could be used against them. Or if they are afraid of jeopardising their position[6].

A manager from the consulting sector reported that she established regular learning sessions in which failures are discussed just as much as successes. This took a lot of pressure off the team. Suddenly, people dared to share their mistakes instead of hiding them. The exchange of knowledge intensified dramatically because the psychological sense of security increased.

Managers can build this trust through their own behaviour. If you as a manager openly admit what you don't know, you are signalling that learning is normal here. Uncertainty is accepted. And that is precisely the breeding ground for a genuine exchange of knowledge[7].

Establish transparency and open communication channels

People only share knowledge if there are clear channels for doing so. These can be digital platforms, regular meetings or structured mentoring programmes.

This is particularly evident in the area of software development. Teams that hold weekly knowledge sharing sessions report fewer errors and faster onboarding times for new employees. Regular knowledge sharing creates transparency across the entire code base.

But informal channels are also important. The conversation at the coffee machine, the brief exchange in the corridor - these moments are part of a holistic exchange of knowledge. Modern managers consciously protect time for such moments instead of seeing them as a loss of productivity.

BEST PRACTICE with one customer (name hidden due to NDA contract)A marketing company implemented a company-wide knowledge platform combined with monthly live sessions. Each department presented its learnings for the month. After six months, it became clear that the error rate had fallen by 23 per cent and new employees required 40 per cent less onboarding time. Knowledge sharing became the norm, not the exception. The special thing: The managers asked questions themselves instead of just giving answers. This signalled that learning is continuous and everyone is involved.

Structural measures for systematic knowledge exchange

Structure is needed to ensure that knowledge sharing does not remain sporadic. This means clear processes, defined roles and regular rhythms[8].

Roles and responsibilities in knowledge sharing

Many organisations benefit from different roles in knowledge management. Knowledge brokers mediate between knowledge holders and knowledge seekers. Communities of practice bring experts together. Knowledge managers coordinate the strategic orientation[9].

In a technical company, one person was appointed „Chief Learning Officer“. This person was not the managing director, but an experienced project manager. She moderated the exchange of knowledge between different project teams. It quickly became apparent that tried and tested procedures from one project were systematically transferred to other projects. The exchange of knowledge became measurable and traceable.

Another example from the consulting industry: „mentoring tandems“ have been formed there. An experienced consultant shares their knowledge with a younger colleague. This structured form of knowledge exchange led to better knowledge retention and at the same time to stronger relationships within the team.

Implement regular learning formats

The exchange of knowledge works best when it follows ritualised formats. Weekly jour fixe meetings, monthly workshops or quarterly conferences - the regular rhythm is crucial.

A classic industry such as mechanical engineering shows that companies that systematically process findings from customer projects have measurably better products. The exchange of knowledge between development and sales prevents errors from being repeated.

In concrete terms, this means that a structured debrief takes place after every project. What worked? What didn't? What learnings can we document and pass on? This exchange of knowledge is not left to chance.

BEST PRACTICE with one customer (name hidden due to NDA contract)A financial services provider established a „learn workshop“ after every major project completion. The entire team involved came together to reflect on their findings. This created a strong „we-feeling“ and made the exchange of knowledge a matter of course. After a year, there were clear improvements: Projects became more efficient, the repeat error rate fell by 35 per cent and employee loyalty increased measurably.

Your role as a manager in knowledge sharing

The manager is not simply the manager of these processes. They are role models, enablers and protectors of the knowledge-sharing culture[10].

Living the role model function

People observe their managers closely. If you as a manager are constantly learning, sharing your experiences and talking openly about gaps in your knowledge, this sends a clear signal: knowledge sharing is normal and valuable here.

This can mean that you regularly present findings from your own learning processes. You invite external experts and then hold in-depth discussions. You ask your team for their ideas and experiences - and you really listen.

This is clearly evident in sales: sales managers who regularly share their most successful negotiation tactics with the team and also openly analyse failures create a culture of knowledge sharing. Better results are quickly achieved because not everyone has to learn on their own.

Provide time and resources for knowledge exchange

Sharing knowledge takes time. If this time is not protected, it disappears under the burden of daily tasks. Managers must consciously integrate time for knowledge sharing into the agenda.

In concrete terms, this means not overloading every meeting with day-to-day business. At least 10-15 per cent of the time should be reserved for learning and knowledge sharing. And really protect this time, don't cancel if time is tight.

In the IT industry, progressive companies have implemented „hackathon days“. On these days, everyone can contribute their knowledge to new projects. At the same time, there is an intensive exchange of knowledge across departmental boundaries. The result: innovation increases and cohesion within the company becomes stronger.

Recognition and incentives for knowledge sharing

People need incentives to share their knowledge. These can be intangible - such as recognition and status - or tangible incentives.

Practical examples: Explicitly include knowledge sharing as a criterion in performance reviews. Recognise employees who contribute particularly to the knowledge culture. Officially recognise internal experts. Appoint these people as mentors or trainers.

One HR company rewarded „knowledge sharers“ monthly with small vouchers and additional development opportunities. The signal was clear: knowledge sharing pays off. Participation in knowledge sharing activities increased by 60 per cent as a result.

Digital and analogue tools for effective knowledge sharing

The exchange of knowledge requires tools. These can be digital platforms, but also analogue formats[11].

Digital solutions for knowledge sharing

Wikis, document management systems, e-learning platforms - these tools make it possible to document knowledge and make it accessible throughout the organisation.

An insurance company implemented an internal knowledge database. Every claim was documented with a solution and lessons learnt. This was worth its weight in gold for new employees. They could quickly learn from the experiences of others. The exchange of knowledge became asynchronous - everyone could benefit from the findings at their own pace.

But be careful: technology alone does not create an exchange of knowledge. An empty platform doesn't help anyone. Managers must ensure that these tools are lived, not just available.

The power of presence and personal dialogue

Not everything can be digitalised. Personal dialogue remains indispensable for a genuine exchange of knowledge.

A design agency organises regular „

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#BigData #compliance #Data intelligence #Ethical guidelines 1TP5ManagersBalance 1TP5InnovationThroughMindfulness #artificial intelligence #Learning culture #Sustainability #SmartData 1TP5Corporate culture #Chains of responsibility #Knowledge sharing #Knowledge management

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