All entries for May 2007
May 10, 2007
Thoughts Derive from Journals
Maintenance should not be treated as an extra cost. To me, it is a chance, a chance to differentiate your business from rest of competitors; a chance of quality improvement whilst act as a cost (long term and Cost Of Poor Quality) saver; it could bring profit and competitive advantages. Many authors recognized the value to have a holistic, strategic and proactive maintenance policy that combine different type of approaches to maximum flexibility and reach better cost-effective position. But just understands the issue is not enough, people need to start acting on it. An article that published at 2005 indicates that many businesses had awareness about the importance of maintenance, but the actual spending that committed to maintenance is inadequate.
In my opinions, many companies still can not get rid off the old habit of chase Quick Fix, or Big Move. In here Quick Fix refer to short term solutions that create temporary benefit without thinking about its afterward impact or even ignoring the further development. I use the word ?¡ãBig Move?¡À to represent the solutions such as, buying new machine (capital investment), redundancy (cut out headquarters, middle managers, and workforces) or Business process restructure. The approach of Big Move is flawed, but the main reason is people abuse them. Company tend to use these approaches as the only hope of improvement, and most of time they applied it without strategic view and carefully consideration on its consequence, they just abuse these methods or blindly follow the fashion.
May 09, 2007
Thoughts Derive from Books
There are some interesting points that have been found from the research so far about the Knowledge Based Asset Management (KBAM) essay. As many authors mentioned, the focus of Knowledge Management should be on Knowledge sharing rather then Knowledge creation. In my opinion, the underlying reason is for the best use of knowledge and increase probability to maximum the value of existing knowledge.
For one single entry of knowledge, different people will have different use of that knowledge and therefore, create different value from same thing. With a large collection of the idea for potential application. This knowledge is become valuable asset to the organization.
And also, this single entry of knowledge will bring different clue to different people and create / derive innovative thinking. This knowledge is become valuable lesson learned / experience to individuals (as a personal improvement)
Therefore, the most important thing is not blindly analysis knowledge or collect data, the focus should be sharing, let more people get involved and create an opportunity of contribution and sharing thoughts / ideas. It leads to a proactive team effort that could increase the probability to generate maximum benefit from knowledge.
Organizations should not just create condition for knowledge collection, but also create a culture, company policy and facilities that enable and encourage people (become habit) to sharing their experience / thoughts and with discussion, learning from others and even apply brainstorm or other seminar techniques to best use the existing knowledge and create valuable asset / capital from it.