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

12 September 2024

Mastering knowledge sharing: KIROI Step 1 for decision-makers

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In today's world, knowledge sharing is an indispensable factor for companies that want to be dynamic and future-orientated. Decision-makers in particular are faced with the challenge of finding suitable strategies for systematically recording and efficiently sharing knowledge in order to promote innovation and strengthen cohesion. KIROI provides support in accompanying this process step by step and implementing it in a practical manner.

Knowledge sharing as a strategic basis for managers

Decision-makers regularly face the issue of how knowledge can be shared in a structured way within their team or organisation. The exchange of knowledge must not be limited to random conversations or pure documentation. Rather, a systematic approach is required that encompasses explicit knowledge such as manuals as well as the implicit experiential knowledge of employees.

For example, one logistics company reports on the introduction of digital platforms that enable drivers to share any challenges that arise directly with the head office and with each other. This enables problems to be recognised more quickly and solutions to be developed in a practical manner. Similarly, a medium-sized mechanical engineering company uses regular workshops to transfer knowledge between experienced technicians and young employees. A software company has also implemented an internal wiki that is continuously maintained by the teams in order to keep documentation up to date and make knowledge available at all times.

How KIROI Step 1 supports decision-makers in knowledge sharing

KIROI supports managers in the development of a customised knowledge exchange strategy. Step 1 focuses on analysing existing knowledge flows and identifying obstacles. The aim is to understand where there is a need for relevant knowledge and how knowledge is currently flowing or being lost.

In a project with a financial services provider (name anonymised), for example, it was found that important market information was mainly contained in emails and was rarely passed on in a structured manner. By introducing a collaborative platform, the exchange of knowledge was channelled and documented. In addition, employees were able to access relevant data and analyses via integrated dashboards, which significantly accelerated decision-making processes.

Similarly, KIROI also supports companies in the healthcare sector that want to improve the exchange of knowledge between nursing staff and doctors. Here, structured communication channels and regular feedback sessions help to capture implicit knowledge and make it usable for the entire team.

A third example from the manufacturing industry shows how KIROI has introduced workshops that favour cross-departmental exchange. In this way, innovations were created that led to the improvement of production processes across departments.

Practical tips for sustainable knowledge sharing

The combination of culture, technology and processes is important for a successful knowledge exchange strategy:

  • Promote an open corporate culture: Transparency and trust encourage employees to actively share their knowledge.
  • Use technological aids: Collaboration platforms, intranet or wikis enable simple and permanent access to knowledge.
  • Initiate regular dialogue rounds: Whether in the form of regular meetings or workshops - direct dialogue promotes the transfer of implicit knowledge.
  • Making knowledge visible: Good documentation and traceability enable everyone to obtain information quickly and develop further.
  • Use practical examples: Managers should utilise successful knowledge exchange initiatives in their own environment as a stimulus and at the same time obtain feedback.

Many organisations experience an increase in innovative strength and employee satisfaction as a result. The experience gained from projects with KIROI shows that it pays to approach knowledge sharing systematically and involve all levels.

BEST PRACTICE with one customer (name hidden due to NDA contract)

With KIROI's support, an international service provider established a digital platform that simplified the exchange of knowledge between departments. Not only were project standards communicated in a standardised way, but best practices from different branches were also made visible. The result was shorter decision-making processes and noticeably more productive collaboration.

Knowledge sharing as a driver for progress and cooperation

Companies often report that the targeted exchange of knowledge has improved their ability to respond to market developments in an agile manner. Especially in times of digitalisation and increasing complexity, the demands on internal communication and documentation are constantly growing.

For example, a listed company uses knowledge sharing to secure the wealth of experience of long-standing employees for the induction of new team members. Implicit knowledge, for example about customer relationships or processes, is consciously made visible and passed on. This not only supports continuity but also the ability to innovate in the long term.

If these processes are accompanied from the outset with the manager as the pacemaker, as KIROI envisages, acceptance and success increase significantly. Insights into the right management and support round off a successful exchange of knowledge.

My analysis

Today more than ever, knowledge sharing is a decisive factor for companies that want to remain competitive. With its Step 1 for decision-makers, KIROI offers a sound basis for improving knowledge sharing in a targeted manner. The combination of analysis, practical examples and accompanying strategy development enables managers to utilise the often underestimated value of shared knowledge. This creates impulses that promote employees and strengthen the organisation as a whole.

Further links from the text above:

Knowledge exchange in knowledge management: tools & methods - tixxt

Knowledge sharing - What is it? Definition & Tips

Knowledge sharing: The ultimate guide - Easygenerator

What is knowledge sharing and why is it important? - Klutch App

Knowledge transfer | Definition, methods & examples - persomatch

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