Knowledge comes in all shapes and sizes and so do the tools we use to make sense of it. In KMWorld's latest White Paper titled "Best Practices of Knowledge Management" you can read about how organizations today actually work with Knowledge Management to turn their knowledge into value!
"By now, what we call the “2020 Information Age”, knowledge has become an asset. As a business organization, operating to improve and diversify assets, you may be wondering how on earth did an asset become:
And all the while you thought, your eLearning efforts had been enough to generate “knowledge” within your company to coax in enough ROI, the much anticipated green bills."
Do you “play favorites” with certain employees? Most managers would probably say “no,” but people often harbor unconscious perceptions that can influence day-to-day decision-making and job reviews of the employees they manage.
Studies on performance reviews show that several factors unrelated to employee performance can impact evaluations conducted by managers.
Such favoritism—or even perceived favoritism—can lower employee morale and lead to discrimination lawsuits. That’s one reason it’s important for managers to recognize nonperformance-related perceptions that can unintentionally impact evaluations—for better or worse.
Companies around the world are cutting back their financial-incentive programs, but few have used other ways of inspiring talent. We think they should. Numerous studies1 have concluded that for people with satisfactory salaries, some nonfinancial motivators are more effective than extra cash in building long-term employee engagement in most sectors, job functions, and business contexts. Many financial rewards mainly generate short-term boosts of energy, which can have damaging unintended consequences. Indeed, the economic crisis, with its imperative to reduce costs and to balance short- and long-term performance effectively, gives business leaders a great opportunity to reassess the combination of financial and nonfinancial incentives that will serve their companies best through and beyond the downturn.
A recent McKinsey Quarterly survey2 underscores the opportunity. The respondents view three noncash motivators—praise from immediate managers, leadership attention (for example, one-on-one conversations), and a chance to lead projects or task forces—as no less or even more effective motivators than the three highest-rated financial incentives: cash bonuses, increased base pay, and stock or stock options (exhibit). The survey’s top three nonfinancial motivators play critical roles in making employees feel that their companies value them, take their well-being seriously, and strive to create opportunities for career growth. These themes recur constantly in most studies on ways to motivate and engage employees.
Inclusive leaders get the best out of all their people, helping their organisations to succeed in today’s complex, diverse national and global environment. Through their skills in adaptability, building relationships and developing talent, inclusive leaders are able to increase performance and innovation.
Inclusive leadership is leadership excellence. The way we do business is changing. Customers and employees are becoming more diverse. The development of the knowledge economy means flatter, less hierarchical structures in organisations. Increased agility is the necessary response to emerging markets, economic downturn and the cultural change inspired by social media and new ways of communicating.
The organizational structure of a firm has to move alongside its program in knowledge management. Unless this happens, sustained success remains a euphoria for the organization. It is the same belief that has largely led authors Stephanie Barnes and Nick Milton to compile the book “Designing a successful KM Strategy.” The book is out for preorders and has already garnered rave reviews from some eminent critics. Interested readers have the opportunity to preorder a copy at Info Today.
Designing a Successful KM Strategy by Barnes and Milton presents a practical and step wise solution to a firm’s information management strategy. The unique quotient of the book lies in the fact that the book has been designed in line with the fact that each firm has a set of subjective and unique goals and needs. In order to fulfil these objectives, there is a flowchart of comprehensive ideas that the firm can undertake. Each of the steps mentioned in the book is centered on creating a healthy knowledge management strategy for businesses and organizations.
The book combines over 20 years of experience by the two authors and is filled with a bevy of important and insightful tips on Km and successful organizational strategy making. The authors claim that successful implementation of the points in the book will help readers connect their business strategy with the KM strategy that they propagate. The book will also help to understand who are the key stakeholders in the business and keep them engaged in the business, according to the authors.
The PR manager of the publication house recently spoke to journalists. He said: “The purpose of the book we are publishing is simple. We will help identify the business drivers in the business that Knowledge Management is going to support. The book will also help in identifying knowledge areas that are integral to business strategy.”
About the Authors
Stephanie Barnes and Nick Milton are experienced authors in Business and Organizational Help forte. The two authors have recently come out with a joint venture on Knowledge management: “Designing a Successful KM Strategy”.
Being innovative means solving a problem in a unique and creative way. Companies like Google, Apple, GE and Facebook have made billions because innovation is a principal value in everything they do. Given the positive associations with it, every organization likes to think it fosters innovation, but unfortunately, the truth is often much different.
Some companies are doing away with traditional top-down, manager-led performance reviews and relying on the rank-and-file for employee evaluations.
The system provides more valuable information about each worker's performance than a review by just one person would, Mr. Garrity says. That's particularly true at Hearsay Social, because it has very few formal managers, most employees work across multiple teams, and leadership changes from project to project.
"We are decentralizing as much decision making as we can, so we also need to decentralize reviews..."
"We are decentralizing as much decision making as we can, so we also need to decentralize reviews," says Steve Garrity, the chief technology officer. at Hearsay Social Inc., a San Francisco-based social-media software company with some 90 employees.
But the process, which the firm plans to do twice a year, is also time-consuming and complicated, he says, and it may not work as the employee count grows.
...crowdsourced feedback may not provide better data....feedback may gravitate toward positive and negative extremes...
...Crowdsourced evaluations go a step beyond traditional 360-degree reviews, which are generally more structured and often involve lengthy surveys.
"...Another potential downside is "rating fatigue" and lower quality information..."
But critics argue that crowdsourced feedback may not provide better data. Like online restaurant or product reviews, feedback may gravitate toward positive and negative extremes, says Tracy Maylett, chief executive of DecisionWise. ...Another potential downside is "rating fatigue" and lower quality information, he adds.
Inspiration is a stimulating feeling that we seek to motivate us, to continue pressing forward through hardships and to find meaning amidst chaos. What inspires us is sometimes found in the rarest of forms. It is sometimes in plain sight. It is often stumbled upon without intention, and it is sometimes graciously handed to us in the form of wise words, spoken by experienced and influential minds.
For those who are feeling aimlessly lost in the journey to find themselves, those who are feeling stuck under the darkest clouds waiting for a ray of sunshine and those who simply need a dose of encouragement, heed these words of wisdom.
From some of the most gifted minds to the greatest influencers of our generation; from currently eminent leaders to those illustrious leaders who made a difference and left us too soon, here are some of the most inspirational speeches of our time in chronological order.
The last few years have presented an unprecedented shift in the computing world as PCs are being replaced with mobile devices. But now that a large portion of the market has already shifted, what comes after it?
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Creating engaging newsletters with your curated content is really easy.