Therein lies the rub. For example, GE’s Change Acceleration Process (CAP) program includes management development, business-unit leadership, and focused workshops. I’m a career coach, business consultant/organizational trainer and former Fortune 500 executive. Everything else in our lives, money, health, things, love, they can all come and go. Transform knowledge and awareness into effective action. Effective knowledge management reduces operational costs and improves productivity because it provides seven key benefits: Spend less time recreating existing knowledge. All Rights Reserved. Winners learn to see the world as it is. With the right knowledge, they weigh their options and beat the odds to procure favourable outcomes. But if you are the first one to find the flawed assumption that everyone else is relying on, that is opportunity that you just might be able to carry all the way to the bank. In today’s world, the only thing your organization can know for certain is that tomorrow will be different than today. Currently new cases of COVID-19 in Arizona are doubling every 7 days. Allah Almighty says in Holy Quran: “And say: My Lord, increase me in knowledge.” (Quran 20:114) It protects us from many difficulties. Change comes in many forms, and if you want to succeed you’d better keep up. General Relativity in 90 seconds for National Geographic. The world will tell you when the tidal wave is coming. We can see the difference between 1st world countries and 3rd world countries. By changing the way you approach knowledge you can learn to avoid the pitfalls responsible for 80% of business failures, while at the same time identifying opportunities for innovation and competitive advantage. Knowledge helps you in forecasting the likelihood of a harmful event happening and putting in place effective systems to deal with them. ICU beds in the state are already full. The key take-away for executives is that knowledge is a resource that enables organizations to solve problems and create value through improved performance and it is this point that will narrow the gaps of success and failure leading to more successful decision-making. If someone can’t tell you how they would know that they are wrong, they don’t have a clue whether they are right. I'd be happy to talk with you about my services as coach, keynote speaker and thought partner. It requires learning to look at the world differently. By proactively implementing knowledge management systems, companies can re-write the old saying, “Change is inevitable, growth is optional” to “Change is inevitable, growth is intentional.”, Speak up! Join in live, Mondays and Thursdays at 5:30 EDT, 4:30 CDT, 2:30 PDT, or watch later. This overload of data is making knowledge management increasingly more important. Facilitates decision-making capabilities, 2.) If scientists do not stand up for what is real, who will? If you don’t see it coming, change will take you down before you know what hit you. I enjoying hearing from and engaging with people. Islam is a religion of knowledge. The U.S. Army’s After Action Reviews (AARs) are an example of a knowledge management system that has helped build the Army into a learning organization by making learning routine. The CEC is composed of the heads of GE’s fourteen major businesses and the two-day sessions are forums for sharing best practices, accelerating progress, and discussing successes, failures, and experiences (Garvin, 2000, p. 195). Knowledge sharing is essential for a company to achieve success, since it can facilitate decision-making capabilities, build learning organizations (through a learning routine) and finally, stimulate cultural change and innovation. We hold on to past assumptions, and imagine that they will remain valid into the future. Managers are bombarded with an almost constant stream of data every day. Turning a blind eye on reality can be a recipe for disaster. Jeff Hester LLC, 5301 S. Superstition Mountain Dr., Suite 104 #171, Gold Canyon, AZ 85118. As the marketplace becomes ever more competitive, one of the best ways to stay ahead of the curve is to build your organization in an intelligent, flexible manner. How better to ride out a global pandemic? Real opportunity comes from being first to an idea that others have missed. Identify and reassess crucial assumptions. Data can offer managers a wealth of information but processing overwhelming amounts can get in the way of achieving high-quality decisions.

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