Teams Build Better Business

Information sharing plays an important role in team performance. Teams are increasingly being used because their combined effort is proven to deliver much more than what team members can individually accomplish. Teams are meant to tap into their individual knowledge and then use the collective wisdom within the team to devise smart strategies and generate creative ideas. A team’s performance is therefore vastly dependent on how far the collaborative aspect of teamwork is truly put into action, and effective knowledge management within the team is a major component of collaborative work. The concept of knowledge management in fostering high team performance is based on the premise that it is essential to tap into the collective knowledge, experience, expertise and insights of every team member for a team to deliver results.

The team’s interactions have to facilitate the movement of knowledge and information through the entire team. It is a concept where peers exchange views, insights, and experiences and then use that knowledge to debate and discuss problems.

Maximize Performance

Intelligent knowledge management ensures that the rational for the team's existence is truly effective. Teams are created to combine their individual capabilities to generate results that are far superior to what individuals can achieve if they operate separately, and knowledge management is the most powerful way to facilitate high team performance. When there is regular knowledge exchange among the team members, they form a strong foundation for business decisions, and for all the actions pursued by the organization. The end result is far better team performance, which in turn improves the performance of the organization as a whole.

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Connecting The Dots

Good knowledge management practices are essential in all teams, but it is especially necessary in teams where the team's output is of a conceptual or strategic nature and requires drawing up proposals or recommendations based on the broad range of experience and skills in the team. Experience across business categories; cross functional expertise; or even cross-cultural exposure. Typically, this could be a think-tank, expert group, project task force, oversight committee, or a team responsible for market research or product development – there are many ways to connect the knowledge dots.

Intelligent knowledge management ensures that the rational for the team's existence is truly effective. Teams are created to combine their individual capabilities to generate results that are far superior to what individuals can achieve if they operate separately, and knowledge management is the most powerful way to facilitate high team performance. When there is regular knowledge exchange among the team members, they form a strong foundation for business decisions, and for all the actions pursued by the organization. The end result is far better team performance, which in turn improves the performance of the organization as a whole.

Good knowledge management practices are essential in all teams, but it is especially necessary in teams where the team's output is of a conceptual or strategic nature and requires drawing up proposals or recommendations based on the broad range of experience and skills in the team. Experience across business categories; cross functional expertise; or even cross-cultural exposure. Typically, this could be a think-tank, expert group, project task force, oversight committee, or a team responsible for market research or product development.