How sharing knowledge improves business performance

Increase value and performance in your business

There is a misconception that sharing knowledge within a company, especially a major organisation, is frowned upon, yet most of the Fortune 500 companies are proponents of knowledge management. From car maker Nissan, which is famous for its advanced business practices to computer software company Adobe and services giants like Deloitte, they all encourage workers to share their knowledge through sharing services or apps.

This trend is moving down to smaller companies as managers realise the value of information kept by workers. That includes the many who may only be there for a few years in an increasingly transient job market, or those experts who tend to be cloistered away in an office ivory tower. Getting them to divulge their best practices, good ideas, insights, and lessons from when things went wrong (as well as other useful pieces of information) can help foster a close spirit of shared experiences, of adding value to new company projects and opening up the company rather than having offices or departments working solely for their own benefit.

Many studies show that sharing knowledge can help transform collective individual knowledge into valuable company information that helps those in the business learn from mistakes or how to perform a task. This makes the people and the company more effective, more productive, and more successful.

Sharing smartly is the key to success

In most offices, people tend to respond to a question better than they do a bare request to "put your ideas here." Therefore, a knowledge sharing project is best started by people asking the questions they always wanted answered, and services like Noddlepod create the ideal platform for this activity.

Getting people to share is only half the goal; having that information accessible and logically ordered will help others in the business access it. Focusing questions on projects, business goals or departments provides a logical structure to the stored responses and will help people find what they need faster.

Whatever the organisation's size, with companies growing fast and jobs evolving, it is vital that workers share their information before they, or it, vanish. Whatever your company's ambition, we can help you preserve and share that data to improve your business performance.

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