"In
order to generate extraordinary value for shareholders, a company
has to
learn better than its competitors and apply that knowledge
throughout its businesses faster and more widely than they do. The
way we see it, anyone in the organization who is not directly
accountable for
making a profit should be involved in creating and
distributing knowledge that the company can use to make a profit."
~ John Browne, CEO,
BP
Amoco
British Petroleum has a worldwide reputation for commitment to
knowledge management (KM).
BP became one of the first few companies to treat knowledge
management as a separate discipline when it established a Knowledge
Management Team (KMT).
In order to integrate the efforts of the
business units engaged in the same business
activities and reduce
barriers to knowledge sharing, they were organized into peer groups. They met
periodically to discuss the performance of their businesses.
The
purpose of the reorganization was to
facilitate knowledge sharing and build
synergies, i.e. to exchange
knowledge and synergize creative capabilities and expertise of the
employees working in different business units of BP. ..
More