Promote Knowledge Sharing in Your Organization

Progressive organizations now know that great ideas do not always come from management. At all levels of a company, there are rich stores of knowledge to be found. Companies that encourage best practice sharing can tap into this rich resource.

Not only does this type of sharing promote overall knowledge, but it facilitates further creativity. Organizations that use best practice sharing find that it helps them overcome the “that’s the ways it’s always been done” mentality. New ideas that come out of these programs drive process improvement, increase efficiency, and improve the bottom line.

In a recent report, "Knowledge Management of Internal Best Practices," conducted by Best Practices LLC's innovative methods used by world-class companies to communicate best practices internally are profiled. The study provides recommendations for how to create a best practice-sharing culture through all levels of the organization, how to use both external and internal sources to find best practices, and how to capture that knowledge and communicate it to all employees.

A best practices example examines how General Electric spreads best practices through its organization with regular job rotations. The plan enabled that business unit to reduce inventory by $200 million and increase return on investment by 8.5 percent. Visit the site to learn more about the report and to view the full summary or call 919.403.0251 ext. 230.

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.