Posts Tagged ‘institutional knowledge’

Investment-shy? Should you go out of business?

Monday, September 12th, 2011

Some business and technology decision-makers are rather hesitant about making significant new investments in technology right now. To their way of thinking, it isn’t prudent to spend on a new customer solution implementation right now because demand for their current products is so uncertain. In their minds, it’s better to wait until things pick up a bit. Then, they say, they’ll consider investing in some fancy-schmancy new technology.

This way of thinking is, however, exactly wrong—especially today.

There are three reasons in particular why the failure to invest in a competitively differentiated customer engagement now is completely wrong-headed:

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Due Diligence and the “Knowledge Audit”

Monday, August 2nd, 2010

Before one company acquires another company, it performs due diligence. It checks that acquisition target’s balance sheet. It evaluates the target’s physical assets. It reviews its executives and overall staffing. It solicits input from customers and market analysts about that company’s products and services—as well as those of its competitors.

But if we really consider knowledge an asset, why don’t we audit that as well?

Sure, we may assign some value to the knowledge possessed by a potential acquisition target in some general way. We may factor in the fact that they have expertise in some particular technologies or that they operate in some geographic market we want to penetrate.

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