Brian Watkins the Extreme Entrepreneur

 
Entrepreneurship Blog Feed In my Entrepreneurship Blog I talk about the many facets of starting and building businesses. Entrepreneurship is the creative force that is extremely relevant to the health & performance of assets in a Wealth Building strategy.

Company Knowledge

I’m always building upon what my ideal company would look like. As I’ve said before in my Amplitude of Outlook post, I always look to the ideal then adjust down for the reality of the situation. I do this in everyday life as well as in business.

One of the largest assets I see wasted within companies is the knowledge contained within them. Knowledge is used for everything and having the best knowledge is worth a lot. Having the best knowledge means having the right information and understanding it in the right way.

The asset of company knowledge is one that is very hard to manage, protect, and leverage. My vision is to have the systems in place to efficiently gain knowledge, record it, disseminate it, and integrate it into the minds of other workers.

That is a lot easier said than done. It will take integrating that principle into the entirety of the business. It is not going to happen unless it is a big focus in everything the workers do. This will have to rely on sophisticated software systems in order to be achievable. If it wasn’t then the information couldn’t spread in a timely manner throughout a company of any decent size. Also, with software you can clearly see that company knowledge can be recorded and learned by people much more efficiently.

More and more tools are emerging to help achieve this. Microsoft Dynamics software looks like it could provide some leverage for this. It seems to focus on the data relevant to transactions and tying that in with the structure of business systems. I’m envisioning a system that encompasses all knowledge of all workers for leverage in all ways. Using tools such as blogs, wikis, rss, and forums could help. A total company knowledge system could never be standardized into a retail software package. To build this type of system would take large amounts of knowledge from many areas of business & life and adapting it to a specific company. Although, implement a system like this and watch your business turn into a monopoly within its industry!


Published on: April 30th, 2006 | Permanent Link | Trackback URL | Comments ()

Published in: Education, Entrepreneurship Blog, Human Capital, Information Systems

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