Knowledge Management Critical For Start-ups

Posted: Mar 6 2003, 8:34pm EST | by , Updated: Aug 10 2010, 1:43pm CDT, in News | Other Stuff

Knowledge Management Critical for Start-ups
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Found that interesting Blog on Knowledge Management by an Entopia Employee:

"Start-ups are one of the most information intense and fastest changing organizations in Business. Yet most start-ups rely only on the basic tools like email and maybe a file-share to manage information. It’s crazy when I think about it…. 5 years back I co-founded my own start-up and we made the same mistake. It was a nightmare to share information and to keep track of the ever-changing direction of the business.
Sure it was ok when there where only four of us. But after raising money, we began hiring steadily in two locations and within a couple of month had a staff of 70.
It might sound strange, but I think a knowledge management initiative is as important in a small and growing organization as it is in a mature global company. It’s tempting to say that it is “just a couple of people” who can communicate directly everyday.
However, what people forget is that this communication exchange is lost forever by not being captured.
If the start-up is successful, in the long run, it will struggle to grow. On the flip side, if a start-up has to lay-off people, which is not uncommon these days, the employee’s “knowledge” walks out the door because that knowledge was not stored in context in a knowledge base."

Read the Full Article at realKM

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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