Knowledge Management at McKinseyIsabell Schmitt
If knowledge is a combination of experience, theory and heuristics, developed by an individual or acommunity of practice, that allows decisions to be made and correct actions to be taken, then what isknowledge management? Larry Prusak of McKinsey Consulting says, ‘It is the attempt to recognise...
AMcKinsey Global Institute Reportindicates that a robust knowledge management system can reduce information search time by as much as 35 percent and raise organization-wide productivity by 20 to 25 percent. Findings culled from the International Data Corp also corroborate the value of a knowledge mana...
Learn More about Knowledge Management Did you know? The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65. EXPLORE RELATED TOPICS Learning Organization DRILL DOWN BY SECONDARY TOPIC Learning Organization (4) DRILL ...
acquisitions translate to change – something that everyone dreads to some degree. Managing change – being open and receptive to it – can make all the difference as you try to identify new opportunities. Global management consulting firm, McKinsey and Company, identified the following causes in ...
For example, according to aMcKinsey article, after a global industrial company saw steady performance declines in its key business areas, senior leaders created a group dedicated to connecting teams end to end and overcoming cultural resistance. These “ambassadors” not only helped identify and elimi...
6. Knowledge management: 10 things to look for in the technology (and provider) Knowledge management is a confusing market and selecting a vendor can be a daunting process. When you go about choosing providers, you need to look at the “whole product” to maximize the likelihood of success....
McKinsey, in its latest Global Survey on the current state of AI, confirms the explosive growth of GenAI tools. Some one-third of survey respondents reported that their organizations are using the technology regularly in at least one business function. Looking at executives in the C-suite, almos...
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In the late 1990’s McKinsey & Co. introduced the metaphor of a “war for talent” (Chambers, Foulton, Handfield-Jones, Hankin, & Michaels Ill, 1998). Demographic trends indicated an aging workforce, with particular contraction in the 35–45year-old range, a management “sweetspot,” even...