4 Nov 2003
Strategic KM
Editing by FT Liu
Singapore is facing unprecedented unemployment in recent years as the economy responds to the structural changes resulting from the rise of China as a manufacturing superpower. Worst hit are those workers aged 40 and above. How can these workers capitalise on the experience they have accumulated over the years? Delegates turned up at KM Asia 2003 hoping to find some answers…
Touted as Asia’s largest and most prestigious KM event, KM Asia is into its 3rd successive year. Dr. Thomas Davenport, co-author of the best selling KM book, Working Knowledge: How Organizations Manage What They Know, launched the event with his thoughts on "Moving along the KM curve". He referred to two of his more recent books – “What’s the big idea?” and “The Attention Economy”. In the first book, he discusses how KM as an idea has matured and over time it will become as pervasive as, say the Quality Movement. In the second book, he talks about how time and attention, not information, are now the scarcest commodities - with big implications for KM. Looks like books are an effective means of knowledge transfer.
The second speaker was the Asst Commissioner of the Singapore Police Force, Mr. Ang Hak Seng. After reminding the audience that he is basically a policeman, he went on to share the 3P model (People, Product, Process) adopted for KM in the Police Force. The model has been used effectively to cripple a major loan shark syndicate, address complaints of Thai foreign workers and more recently, the handling of the SARS crisis. The KM model in the Singapore Police Force has been evolved to handle the “realm of the unknown” as in the SARS case. This will be especially useful for companies in a time of great change and uncertainty in the world.
Henrik Martin, CEO of Intellectual Capital, Sweden introduced the concept of Intellectual Capital (IC) - the factors not shown in the traditional balance sheet but which are of critical importance to a company’s future success. He followed with an actual case study of how a company’s IC was assessed using his company’s IC Rating methodology which focused on Human Capital, Organisation Capital, Relational Capital and Business Recipe. The result was that although the company was hugely profitable today, its customers do not consider them strategic and the lack of internal structures makes them highly vulnerable to losing future business due to their inability to deliver. Potential buyers of the company hesitated due to these new revelations of the company! Given that the Singapore economy is projected to grow at only 1% this year, the Singapore Government should take stock of its Intellectual Capital by doing an IC Rating on the country.
Three other KM case studies were introduced from Unilever, HSBC and Jones Lang LaSalle. Sam Marshall, KM Specialist from Unilever used KM to tackle business problems. Steve Ellis, Senior KM Manager from HSBC gave a depressing account of how his team had struggled with introducing KM to a hugely profitable organisation. He gave an example of capturing key knowledge (through a structured interview) from the HSBC CEO who recently retired after working for “decades” in the company. Christof Widmer, Head of KM from Jones Lang LaSalle, succeed in implementing KM under the guise of Client Relationship Management. His advice, also shared by Steve, was to call any KM initiative by the latest buzzword in the organisation so that people can relate to it.
If Singapore were to take the advice from these three gentlemen, KM would probably be used as a tool to tackle unemployment and should be launched under the guise of Remaking Singapore!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Do you want to see an alternate account of KM Asia? Visit elearningpost.com, Martin Laycock's London Knowledge Network site, or Sam Marshall's Blogspot.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
View our KM Asia Photo Report
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Recent Comments