managing data, information knowledge, & action
DESCRIPTION
Managing Data, Information Knowledge, & Action. Business isn’t complicated. The complications arise when people are cut off from information they need. John F. Welch, CEO of GE. 1. Myths. More data is better. Information is a commodity Information is knowledge. 2. D-I-K-A Model. - PowerPoint PPT PresentationTRANSCRIPT
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Managing Data, Managing Data, Information Knowledge, Information Knowledge,
& Action& ActionBusiness isn’t complicated. The Business isn’t complicated. The complications arise when people complications arise when people are cut off from information they are cut off from information they need.need.
John F. Welch, CEO of GEJohn F. Welch, CEO of GE
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1. Myths1. Myths More data is better.More data is better.
Information is a commodityInformation is a commodity
Information is knowledge.Information is knowledge.
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2. D-I-K-A Model2. D-I-K-A Model ConceptsConcepts
Data = Representations of realityData = Representations of reality Info. = Data which provides relevant Info. = Data which provides relevant
clues or newsclues or news Knowledge = The framework or schema Knowledge = The framework or schema
for organizing the relationships between for organizing the relationships between pieces of information.pieces of information.
Action = The deeds or decisions made Action = The deeds or decisions made based on knowledgebased on knowledge
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DIKA cont.DIKA cont. RelationshipsRelationships
SkillsSkills Data gatheringData gathering Information managingInformation managing Knowledge managingKnowledge managing Action Action
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3. Variations on the model3. Variations on the model D-I-K loopD-I-K loop
K-A loopK-A loop
I-A loopI-A loop
OthersOthers
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4. Managing the D-I Relationship4. Managing the D-I Relationship
Like a watchLike a watch TimelyTimely AccurateAccurate RelevantRelevant
Determine what employees really Determine what employees really need to knowneed to know
Increase efficiency of transmissionIncrease efficiency of transmission JITIJITI PEIPEI
Pay attention to the form of info.Pay attention to the form of info.
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D-I cont.D-I cont. Be wary of comm. chainsBe wary of comm. chains
Generate both soft & hard dataGenerate both soft & hard data
Recognize & manage all the Recognize & manage all the information networksinformation networks
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5. Managing the I-K Relationship5. Managing the I-K Relationship
Consider the source’s credibilityConsider the source’s credibility Be aware of how the hierarchy Be aware of how the hierarchy
affects the flow & availability of affects the flow & availability of informationinformation
Acknowledge what you don’t knowAcknowledge what you don’t know Create & test models and theoriesCreate & test models and theories Organize the same info. DifferentlyOrganize the same info. Differently Structure informal networksStructure informal networks
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6. Managing the K-A relationship6. Managing the K-A relationship
50% of org. decisions never get fully 50% of org. decisions never get fully implementedimplemented
Create strategic knowledge-sharing Create strategic knowledge-sharing communitiescommunities
Reevaluate the role of reportsReevaluate the role of reports Speed up the transformation processSpeed up the transformation process
DIK is perishableDIK is perishable People hedge their betsPeople hedge their bets People make good decisions without perfect People make good decisions without perfect
informationinformation