June 09, 2013

Knowledge Management: Minimizing the impact of employee turnover and mergers

In my opinion, there are two obvious scenerios where having a knowledge management program will make an instant difference:

1) High rate of voluntary employee turnover: This is a critical issue for many companies. Employees quitting their jobs can cost an organization millions of pounds. This is because when they quit, they take away their knowledge with them. This loss can be clearly minimized by having a knowledge management system.

2) Mergers and Acquisitions: This is again a common occurence in the business world. Huge deals happen fairly regularly now as companies are taken over and others are merged. Each company almost always has a different way of doing things. However, effective knowledge management can mean that lessons are combined and learned. During my internship at Metro, I was lucky enough to experience how knowledge sharing can help ease the post-acquisition period. Metro, which was already the largest cash and carry business in the world, acquired Makro shortly before I started my internship. I noticed how both sets of employees would often talk to each other about their experiences from before the acquisition. I believe this was a good practice regardless of whether they knew what they were doing or not.


- No comments Not publicly viewable


Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

June 2013

Mo Tu We Th Fr Sa Su
May |  Today  |
               1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Search this blog

Tags

Galleries

Most recent comments

  • Hi Wayne, thank you for your kind words. It is really nice to know that you have enjoyed reading my … by Hasan Khan on this entry
  • Great post. I just located your blog and wished to let you know that I have certainly loved reading … by Wayne on this entry
  • Thanks Luisa, I'm glad you agree with me. by Hasan Khan on this entry
  • Hi Hasan! I really share with you the interest on doing practical tasks, I find them very useful in … by Luisa Rodriguez Qui?Ones on this entry
  • Hi Hasan! I agree with you about the importance of life cycle cost management, it is a little bit di… by Luisa Rodriguez Qui?Ones on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXX