Tribal Wisdom and Digital Parchments

The true wealth of a corporation is not stored in its bank accounts, but hidden within the minds that leave the building every evening via the elevator.

Guarding the Intellectual Capital

Corporate memory and knowledge management is the process of systematically storing and transferring all the experiences, successes, mistakes, and crisis resolutions a company has accumulated over time to new generations. The greatest danger in any organization is when only one or a few individuals know how to execute a critical operation.

Think of corporate memory as the hunting secrets in the mind of the oldest sage of a tribe. When the sage (master employee) dies or leaves the tribe, if those secrets are not written in books or on cave walls (databases), the whole tribe forgets how to hunt the next day and starves. Knowledge management is the art of converting these mental secrets into permanent digital parchments.

Tacit Knowledge

Tacit knowledge represents the personal experiences, practical workarounds, and intuitive skills residing in people's brains that are difficult to write down.

Explicit Knowledge

Explicit knowledge is formulated information that has been codified, documented, and made easily accessible to everyone.

The Knowledge Conversion Process

The most critical mission of knowledge management systems is converting tacit knowledge into explicit knowledge. If a company fails to execute this conversion, its intellectual capital simply walks out the door when key personnel retire or resign.

Socialization and Externalization

Systematic methods are required to engrave the experiences locked in employees' heads into the corporate memory.

Knowledge Management

Corporate Memory Databases

The memory of a corporation must rely on robust and searchable systems, not on the fragile minds of individuals.

Tacit Knowledge
Data Format
Mental, Intuitive
Transfer Method
Mentorship, Observation
Risk of Loss
Very High (Leaves with the employee)
VS
Explicit Knowledge
Data Format
Document, Code, Video
Transfer Method
Digital Database
Risk of Loss
Low (Persists unless systems crash)