Knowledge grows the more it is used and applied. Intellectual capital is a term that has been coined to describe the sum total of the knowledge assets of an organization. However, everything that your employees (or customers or partners) know isn’t really usable as intellectual capital unless it has been captured (mined and preserved in the face of staff turnover) and made available through some form of knowledge sharing.
Every organization has a large part of its intellectual capital at risk; it can walk out the door on a moment’s notice. As the baby boomers age and retire, an immense store of knowledge may go “poof”. While some of this knowledge has become stale with time (knowledge has a shelf-life), much of it represents the best of the best thinking that’s been done within your organization.
Decision patterns such as those delivered within the Decision Driven® Solutions Framework (DDSF) are the single most valuable form of intellectual capital. A Decision Breakdown Structure (DBS) for any organization is a very stable superstructure on which to hang all your highest-value knowledge assets.
Shouldn’t you start today to capture these assets and share them with the members of your team?