Knowledge management and business strategy : Communities of practice can give you that competitive edge
Purpose – To investigate attitudes towards knowledge management (KM) in creative professional service firms (PSFs) and explore the role of communities of practice as a way to leverage expertise within the firm. Design/methodology/approach – Presents a single-firm case study of a medium-sized architectural practice in New Zealand. Findings – There is an old country saying along the lines that “muck and money should be spread around if they are to do any good” – and the same could very well be said about knowledge. Knowledge is an essential tool for PSFs. In areas like architecture, software development or media, being able to bring together expert creative knowledge is what gives PSFs their competitive edge. Research limitations/implications – Suggests opportunities for further research to extend the generalizability of findings by extending the study to a greater number of creative PSFs in a range of countries. Practical implications – Proposes a framework linking KM strategies based on codification and personalization with the overall business strategy of the organization through the use of communities of practice (CoPs). Social implications – Highlights the importance of CoPs as a potential source of competitive advantage for creative PSFs whose success depends on shared expertise and leveraging the knowledge contained within the business. Originality/value – Demonstrates that personalization and codification strategies for KM can be combined, focusing on the one most appropriate to the overall business strategy and using the other in a supporting role.
Year of publication: |
2015
|
---|---|
Published in: |
Strategic Direction. - Emerald Group Publishing Limited, ISSN 1758-8588, ZDB-ID 2089990-7. - Vol. 31.2015, 9, p. 25-28
|
Publisher: |
Emerald Group Publishing Limited |
Subject: | Competitive advantage | Communities of practice | Professional service firms | Knowledge management | Intellectual capital |
Saved in:
Saved in favorites
Similar items by subject
-
How professional service firms derive triple value bottomline : an IC perspective
Rehman, Junaid, (2023)
-
Service innovation in Indian knowledge-intensive business services : the Wipro case
Appolloni, Andrea, (2013)
-
Caught off balance : managing knowledge value creation through boundary spanning roles
Breunig, Karl Joachim, (2013)
- More ...