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Writer's pictureDr. Moria Levy

Maximizing KM Impact: Linking Knowledge to Core Business Goals

Updated: Nov 26


A man strides confidently through a vibrant, futuristic digital landscape filled with glowing elements and advanced technology.

Managing knowledge is nearly always a good idea in any context. However, in the organizational setting, there are some important realities to consider:

  1. KM Resources Are Limited: As Knowledge Management (KM) professionals, we often face constraints in terms of time, budget, and personnel.

  2. Business Priorities Dominate: Business managers are focused on immediate operational needs. They may not see the value in KM unless it directly contributes to business objectives. For them, KM should not be pursued in isolation but should be a means to achieving business success.


Therefore, aligning KM objectives with the organization’s specific needs, opportunities, and risks—and communicating them in business-relevant terms—is essential for successful involvement.

Here are some typical business-focused KM objectives and corresponding solutions that can be used as a base for designing KM work plans:

Effectiveness and Efficiency

Objective: Encourage knowledge sharing and the application of existing knowledge to improve routine tasks, problem-solving, and process efficiency.

Relevant KM Solutions:

  • Shared accessible repositories and portals – Centralized platforms where employees can access essential information.

  • Lessons-learned knowledgebases – Capture insights from past projects to improve future performance.

  • Communities of practice – Facilitate collaboration among individuals working in the same field.

Future Capabilities and Innovation

Objective: Foster knowledge creation and innovation by encouraging creative thinking and learning from experiences.

Relevant KM Solutions:

  • Brainstorming and sensemaking sessions – Structured methods for generating new ideas and insights.

  • Hackathons and ideation databases – Events and tools that capture innovative ideas and turn them into actionable plans.

  • Learning from experiences – Documenting what worked and what didn’t in an accessible format.

Onboarding

Objective: Improve the learning curve and accelerate the integration process for new hires and trusted suppliers.

Relevant KM Solutions:

  • Shared repositories and portals – Provide quick access to essential knowledge for new team members.

  • Mentoring programs – Pairing experienced employees with newcomers to foster knowledge transfer.

Business Continuity

Objective: Capture both tacit and explicit knowledge from key personnel to mitigate the risks of knowledge loss when employees leave or change roles.

Relevant KM Solutions:

  • Knowledge retention programs – Systematic approaches to documenting and sharing critical knowledge before employees depart.

Safety

Objective: Promote knowledge sharing and application to prevent accidents and ensure a safe working environment.

Relevant KM Solutions:

  • Lessons-learned knowledgebases – Collect and disseminate safety-related knowledge from past incidents.

  • Accessible repositories – Ensure employees can easily find and apply safety procedures and best practices.

Aligning KM initiatives with business priorities, and articulating these in business terms, is key to getting managers' engagement and driving KM success.

By demonstrating how KM addresses core business challenges—such as efficiency, innovation, onboarding, continuity, and safety—you have good chances that KM is seen not just as a support function but as a vital strategic asset.


 

Want to learn more about KM strategy?

Here are some articles you might find interesting:

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