MIT Sloan Management Review

Corporate Strategy, Management of Technology and Innovation

 

Successful Knowledge Management Projects

By Thomas H. Davenport, David W. De Long and Michael C. Beers

January 15, 1998

Eight key factors can help a company create, share, and use knowledge effectively.

Scholars and observers from disciplines as disparate as sociology, economics, and management science agree that a transformation has occurred — knowledge is at center stage.1 Knowledge is information combined with experience, context, interpretation, and reflection. It is a high-value form of information that is ready to apply to decisions and actions. While knowledge and information may be difficult to distinguish at times, both are more valuable and involve more human participation than the raw data on which we have lavished computerization during the past forty years. Given the importance of such an asset, it is not surprising that organizations everywhere are paying attention to knowledge — exploring what it is and how to create, transfer, and use it more effectively. Knowledge management, in particular, has recently blossomed.2

Unfortunately, however, abstract musings on the importance of knowledge, or on the emergence of knowledge-based economies and organizations, too often dilute discussions. Conceptual analysis is of little use to practitioners faced with questions about what specifically they should do as managers of knowledge.

In this article, we address the practical realities of the sometimes heady subject of knowledge management by focusing on a tangible, pragmatic entity, the knowledge management project. Such projects are attempts to “do something useful” with knowledge, to accomplish organizational objectives through... To read the complete article, login or sign-up using the form below.

 
 

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