One organization reported that the next anticipated wave of almost 700 retirements would mean the loss of over 27,000 years of experience. If that know-how and those skills (or better ones) can be hired on the open market, or if the succession planning has been meticulous and a highly qualified successor can step right into the vacancy then it's certainly not a significant problem for the organization.
Authors of Critical Knowledge Transfer (Harvard Business Review Press, 2015) found that managers often don’t know what they have lost until after the expert leaves — and by then, it may be difficult to recover. In after-the-fact stories, we heard about critical losses in four areas in particular:
The price tag associated with such losses were estimated to be as much as 20 times the more visible, tangible costs of recruitment and training.
Read the Harvard Business Review article about the importance of knowledge transfer, which has been published today:
Almaty Management University has recently appointed Dr. Zoltán Csedő, Managing Partner of Innotica Group, as a PhD supervisor within their PhD Program of Business Administration. The PhD theses are going to be focused on knowledge management, since there is a great interest in Central Asia regarding knowledge management strategies and systems, both from academic and business perspectives.
Dr. Csedő is going to contribute to the doctoral research, and Central Asian regional ambitions aiming the integration of local business traditions with global scientific and business excellence, as well as international best practices.
Almaty Management University is a leading business education and research institution in Central Asia, having more than 3,000 students and 277 academic staff. Its mission is to train a new generation of socially-responsible business leaders in Central Asia, with reliance on international integration, business cooperation and the energy of creative and proactive team of professionals, aiming at bringing personal success to clients, partners and staff.
/On the photo: Mr. Gaidar Uteshev (Director, Almaty Management University) and Dr. Zoltán Csedő (Managing Partner, Innotica Group) at a traditional Kazakh festival organized by the University/
The digital future will require numerous new technology solutions across all industries, as well as all departments of both private and public sector organizations. The 2014 Symposium of T-Systems Hungary is going to provide technology answers to several digital challenges, across 12 sections, as follows:
Meet us at the Budapest Congress Center, tomorrow, the 12th of November, and let's have a chat about the digital future and the role of knowledge management.
According to the International Energy Agency, energy security has many aspects: long-term energy security mainly deals with timely investments to supply energy in line with economic developments and environmental needs. On the other hand, short-term energy security focuses on the ability of the energy system to react promptly to sudden changes in the supply-demand balance.
Each aspect of energy security involves a deep understanding of the complex energy environment that requires efficient knowledge management. Meet us at the 'Security in the Energy Supply' conference of Napi Gazdaság, on the 11th of November, and let's discuss how could we support you.
Read more at http://www.napigazdasag.hu/konferenciak/12/
A collaborative knowledge management system could overcome the constraint that “the content in the system is only as good as the people’s ability to use it” – in other words the knowledge is not meaningful without an understanding of the nuance behind it, according to a recent research of INSEAD Professors.
Executives’ working lives are busier than ever and asking them to contextualise the knowledge that they share through the knowledge management system can prove to be a challenge, but knowledge driven online networking could provide an obvious solution.
Read more at http://knowledge.insead.edu/organisational-behaviour/the-power-of-knowle...
