Quantified Knowledge Management success story number 128; €136 million in one year at Continental
Here is another in our series of success stories quantified benefits, this time from Continental.
The Tyre manufacturer Continental has a number of Knowledge Management initiatives under way, including
- The collaboration platform ConNext, which links wikis, blogs, and community forums.
- More than 16,000 communities, some of which are more like small working groups, while others have several thousand members.
- Lesson learning
- The innovation platform Contivation, for collaborative development of new ideas.
Some 420,000 suggestions were received in 2017, for example, of which more than 360,000 were implemented. This not only resulted in savings of more than €136 million, but is also a testament to the active engagement of our employees with the company and its values.
One of the things to note here is the rate of implementation – nearly 86%. This is at the high end of implementation rates for schemes such as this.