9 strategies to combat knowledge hiding in your organisation and teams. The Fortune 500 companies lose an estimated $31.5bn a year by failing, internally, to share knowledge. This colossal sum stacks up through a number of outcomes resulting from hiding knowledge: the loss of innovation that might just make the edge over the competitors, undisclosed information needed for key decisions, eroded motivation among the workforce leading to under-performance, in-house distrust and the creation of silos and clans among the workforce that ultimately leads to non-cooperation and a stale working atmosphere.
So how can firms encourage their managers and staff to open up and practise knowledge sharing instead?
Professor Peng He, School of Management Fudan University, draws on his research to explore why and when employees hide knowledge and proposes 9 strategies to transform knowledge hiding into knowledge sharing that benefits both staff and the company alike.
Why and When do Employees Hide Knowledge? The latest in an ongoing series of Council on Business & Society Research Pods – condensed learning capsules inspired from internationally published research in the fields of CSR, management & leadership, HR, sustainable finance & reporting, social enterprise, entrepreneurship, philanthropy, and sustainable business practices.
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