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July 22, 2008

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Jim Belfiore

In adding to your list, I would suggest a bit of 'devil in the details' regarding your point on seamless knowledge integration.

A knowledge management strategy is a critical (and often missing) element in any organization that wishes to promote the benefits of R&D and, ultimately, innovation. Yet this is one area which is often the most misunderstood. Many KM strategies take a centralized approach which have the unintended consequence of empowering only a handful of resources with the intellectual value created by the whole.

In my experience, a knowledge strategy that links both distributed and centralized management is critical to the organization which desires not only to stem the loss of institutional memory, but intends to put its collective mind to work.

Dennis Pannuto

I agree with many of your points, especially the one about IT. I'm a former CIO for well-known brands and an innovation focus is what I always tried to integrate within the groups I oversaw—it was always a significant challenge! The challenge was, and is in many companies, that there is a divide between the "science of IT" and the needs of the business. Meaning that IT folks are often enamored with the technology and the science of systematizing business operations, irrespective of the direct value to profitability and nurturing all of the social aspects that go into making a company truly profitable (not just about money, in my opinion). On the flip side, there are so many competing interests in large organizations that the legitimate business needs and the resources required to support them often get shifted to fulfilling political agendas or fragmented in such a way that no business objective gets the adequate support.

What would I add to your list? Accountability: Hold your business groups and IT organizations jointly accountable to only support initiatives that directly increase revenue and reduce overheads to maintain optimal profitability while creating an environment that nurtures innovation. All of those must be achieved, not just 2 out of 4 of them.

Dennis Pannuto, President & Founder
Aha! Insight Technology
Email: dennis.pannuto@ahainsight.com
Website: Ahainsight.com
Blog: Ahainsight.com/blog

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