Buying Knowledge, 10 Steps to Start a Community, Value of KM, CLO Role in Mergers

13-Mar-07 Archive of Weekly KM Blog by Stan Garfield

KM Book of the Week

Buying Knowledge: Effective Acquisition Of External Knowledge by Peter Sammons

From KnowledgeBoard’s March Book of the Month

The acquisition and management of knowledge as an end in itself is relatively new, but has grown in importance on most managers’ agendas over the past fifteen years and is something that many managers are still fundamentally ill-equipped to control effectively. Yet it is their ability to plan, source, evaluate, acquire and manage knowledge on which the success of their organizations increasingly depends.

Peter Sammons provides managers with a readable, highly practical guide to buying and managing knowledge. The author looks at the knowledge economy, to set the scene on the manager’s growing responsibility to buy-in knowledge for their organization. He explores intellectual property rights: how they are created, transferred and protected. He sets out some alternative strategies to buying knowledge. There’s advice on how to work with universities, contract research organizations and consultancy firms. And the most neglected area of all — knowledge transfer from supplier to buyer — is given exhaustive treatment.

Table of Contents

  1. In the know — The knowledge economy in the Twenty-First Century
  2. Knowledge is power
  3. Head knowledge — Modern intellectual property rights
  4. Intellectual property rights: Current developments
  5. Why buy knowledge
  6. Planning to buy knowledge
  7. Knowledge transfer
  8. Working with consultants
  9. Working with contract research organizations
  10. Knowledge factories — Buying knowledge from universities

KM Blog of the Week

The Future of CommunitiesThe ten step checklist for starting your community by Mukund Mohan

  1. Figure out what you want to give to your participants.
  2. Understand why you want to have a community.
  3. Formulate a core team.
  4. Do a quick survey of your customers.
  5. Put a good marketing plan for HOW you plan to make your community AWARE that you are around.
  6. Identify your influencers — the first few that will really help you get started and get religion.
  7. Learn about the technology.
  8. Clearly identify your resource plan.
  9. Put together a simple BUSINESS Justification.
  10. Get it going.

KM Link of the Week

Can you put a dollar sign to KM? — an interview with Geoff Parcell (from The KNOW Network)

Knowledge management guru Geoff Parcell talks to Sheila Lam about measuring KM projects in MIS — Managing Information Strategies.

  • How do you put dollars and cents on the value of KM projects?
  • What role does technology play in KM?
  • How can wikis and blogs help KM?
  • What are the major challenges for any KM move?

Geoff Parcell is co-author of Learning to Fly. As a core member of British Petroleum’s (BP) knowledge management team during the late 1990s, Parcell’s team contributed savings of $200 million per year. He also spent 18 months with the United Nations (UN) in Geneva sharing good practices on dealing with AIDS.

KM Question of the Week

Q: From Dave Forbes: Just read your blog on KM and M&A, thought you might enjoy an article my COO, David Austin, wrote a while back on the same subject. Could you please include a link to The CLO’s Role in Mergers and Acquisitions from Chief Learning Officer magazine?

A: Glad to do so, Dave. If other readers have suggested links, they can send them to me using the “Contact Me” link on my KM site.

Written by

Knowledge Management Author and Speaker, Founder of SIKM Leaders Community, Community Evangelist, Knowledge Manager https://sites.google.com/site/stangarfield/

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