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WHAT'S YOUR STRATEGY FOR MANAGING KNOWLEDGE ?
1) About the authors
This article was written by three authors, Morten T.Hansen, Nitin Noria and Thomas Tierney. I guess that they have a really interesting point of view on what they are dealing with in the article because of their high professional position. Being a professor at a school such as Harvard or being the worldwide managing director of a company such as Bain requires a high level of experience. That is why, I'm quite confident in the advice they are providing.
It is interesting to notice that they have different experiences as two of them are professors and the other one is the managing director of a company. It proves a certain objectivity in their ideas and allows to mix theory and practice.
2) Key points
The authors show that to manage Knowledge Management, two main strategies can be used by companies. The first one is called the Codification Strategy and consists in codifying and store Knowledge in a database whereas the second one is called the Personalization Strategy which consists in the transmission of knowledge through contact with experts.
Both strategies can provide interesting advantages such as time saving (which engenders cost saving) provided that it reflect the company's competitive strategy.
As the Codification Strategy provides a standard solution for similar problems, it is more adapted to companies offering Standardized products to their clients. In an other hand, companies choosing to give a highly customized solution to their clients should adopt the Personalized Strategy as problems should be solved in a different way for each client.
The choice of the strategy should also depends on i ...