Favorite The knowledge you gain each working day is worth about $14, according to an anslysis of salary increases. Median salaries for engineers vs years of experiencefrom the Engineering Income and Salary Survey 2012 People often say “you can’t value knowledge” In a strict sense, that is probably true, but
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Shared by Nick Milton April 3, 2018
Favorite There is a well known saying; “Good, Fast, Cheap – pick any two.” It’s wrong. Good Fast Cheap by CEA+ on Flickr The idea behind this saying is that there is a certain amount of work to be done to deliver a task, service or product, and that work
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Shared by Nick Milton February 13, 2018
Favorite One of the ways in which KM adds value is through helping poeple do work faster and better. Here is a story of howAccenture estimated that value. Accenture make documented knowledge available to their staff through a portal known as KX. IN order to estimate the value delivered through KM
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Shared by Nick Milton January 31, 2018
Favorite Here is a reference to a great story about the value of simple KM in healthcare The story is taken from a California State University blog on KM, and references an earlier Times Magazine story, available to subscribers. The Time magazine is ostensibly about doctors’ pay, but also describes
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Shared by Nick Milton December 18, 2017
Favorite The most important thing you can do for KM within your company, is help people to understand the value. Today I bring value, by Kimberley Kling, on Flickr I often say that “knowledge management is how people would manage their organisations if only they knew the value of their
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Shared by Nick Milton October 24, 2017
Favorite As part of our series of stories and examples of quantified value from KM, please find below three examples from a 2015 article in the UAE National, entitled “Knowledge management is power for companies” An example of KM in action is the case of El Paso Corporation – a
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Shared by Nick Milton September 22, 2017
Favorite What would it be like if organisations treated money the way they treat knowledge? Hands counting $100 bills, by Hloom Templates on Flickr This is a simple thought experiment, which you can use with your senior managers to get them to think differently about knowledge. We know knowledge is
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Shared by Nick Milton August 2, 2017
Favorite There are many ways in which Communities of Practice add value to an organisation, 27 of which are listed here. Here is a 28th way. There is a really interesting analysis of Communities of practice from the Geneva Knowledge forum which looks at CoPs in several large multinationals, and which points
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Shared by Nick Milton July 7, 2017
Favorite From a blog post called “In praise of Knowledge Management” come the following examples of quantified KM value, all from customer service centers; Image from wikimedia commons “A leading European mobile phone retailer saw a stark increase in contact deflection of 27.3 percent while markedly improving NPS (Net Promoter
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Shared by Nick Milton June 21, 2017
Favorite As the 111th entry in our ever-growing list of examples of Quanitified Benefit from Knowledge Management, here is a story on value and value measurement at Goodyear Tire Company, described by KM World Magazine. Gooryear Blimp by Mark Turnauckas on Flickr Goodyear use what they call “value pyramids” for
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Shared by Nick Milton June 14, 2017