How to Manage Knowledge from Experiences?

Knowledge and Intangibles Management

 

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Knowledge and Intangibles Management > Best Practices > How to Manage Knowledge from Experiences?

How to Manage Knowledge from Experiences?
Biju T A, Professor, India, Member
After World War II the global economy collapsed due to the heavy expenditure that most of the country had to bear in the war and each and every country was in the opinion to improve the economy by doing business, in fact, aggressive business and they had to recruit young dynamic blood for that. When these recruitments became a daily routine, the excess staff became another crucial burden for many firms and they adopted an easy method to give compulsory retirement to the older staffs in the firm and they did that for more than two decades. By 1970s all these firms realised that their previous actions were egregious blunders because the retired or sacked older staffs had much more experience than the younger blood in the business. The inexperienced staff made big blunders that many firms suffered loss. This was the history of the evolution of Knowledge Management in the business world. Experience when it is wisely used becomes knowledge and many firms around the world forgot this fact (...) Read more? Sign up for free

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  Knowledge and Experience
Biju T A, Professor, India, Member
  (...)

   
Knowledge and Intangibles Management
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Knowledge and Intangibles Management

 

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