Knowledge Needs
Managing information and knowledge in an organization has never been more important, as an aging population is seeing experienced staff leaving, and those that remain are required to do more with less in highly competitive markets. According to 2016 Forbes report, "Experienced leaders of the baby boomer generation continue to retire at a pace of 10,000 per day." This translates into an organization needing to build the knowledge, experience and wisdom necessary for subsequent generations of the workforce to successfully run their organizations." Maureen Metcalf, Metcalf & Associates, Forbes Coaches Council
The Challenge
- There is pressure on organizations to work more efficiently and coherently
- Information and knowledge overload within an organization is widespread
- The right knowledge is needed to drive innovation and mitigate risks
Experienced staff are leaving the organization, taking knowledge with them Knowledge management focuses on organizational objectives such as:
- Improved performance, competitive advantage, innovation
- The sharing of lessons learned, integration and continuous improvement of the organization.