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Knowledge Management: The Next Big Thing?

It is difficult today to pick up a business or technology journal without coming across some mention of knowledge management. This new -- or recycled -- discipline is being hailed as the next "big thing," perhaps the biggest thing since reengineering. The skeptics among us might note that big is often better for management consultants and technology vendors, who can capitalize on the trend, than for their clients. Yet, a cursory view of the literature, not to mention the conversations that we at Lotus have had with our customers, suggests that this excitement may actually be warranted.

Even so, there may be cause for cynicism. Like the other technology and management fads that preceded it, knowledge management is often described as a panacea. It's not. But cutting through the noise and clutter to get to the "so what" can be a challenge.

Many executives with a genuine interest in this discipline are left with more questions than answers after listening to the latest explanation of just what knowledge management is. Sometimes the discourse is more about knowledge itself than business strategy, the solutions suggested are too broad in scope for practical action, or the focus is too narrow (usually the misdemeanor of a product vendor). Still, many executives continue to search for a cogent argument in favor of launching a knowledge management effort -- an effort that promises to consume significant fiscal and human resources.

So, it is with an appreciation for the reader's healthy skepticism that this paper examines knowledge management, not from the standpoint of academic theory, but rather with an eye toward the practical, achievable business benefits of successfully deployed or practiced knowledge management That is, what lessons have we learned from our experiences on the front line? And how can a company incorporate those learnings into its own knowledge management efforts?

The Basics of Knowledge Management
The vocabulary and concepts of knowledge management are becoming well known. The same words and notions regularly appear in any knowledge management text or speech. (We provide a list of recommended articles, papers and books in an appendix to this paper.) Some general themes and consistent elements have become evident.

Now, resisting the temptation to claim the knowledge management scepter for Lotus, it is worthwhile to examine why Notes is an integral part of these successful efforts. We believe that Notes is an ideal platform for knowledge management because it does two things extremely well. First, it lets people collaborate in ways that add business value. Second, it helps people capture and categorize knowledge and make it available to the rest of the business to leverage.

We believe that the status of Notes as a common underpinning for many, if not most, knowledge management successes gives Lotus a credible perspective on this new business trend not shared by other technology vendors.

Although Notes is a key part of many successful knowledge management efforts, not every user of Notes achieves the same degree of benefit. Lotus is conducting ongoing research into what factors lead to success, and we will continue to incorporate these insights into our products and services. Knowledge management has become a driving force behind Notes.

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