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Assessment of Knowledge Risk and its Mitigation
Led by Rongbin W.B. Lee and Haley W.C. Tsang, Knowledge Management and Innovation Research Centre (KMIRC)
Most Knowledge Management (KM) programs place an emphasis on the importance of capturing, retaining and sharing organizational knowledge among its stakeholders. As the beneficial effect of these processes often cannot be felt immediately, there can be a lack of urgency to implement knowledge management initiatives from the senior management. To combat this issue, another approach is the assessment of knowledge risks and its effect on the daily operation of a company. Knowledge risk refers to the potential threats caused by knowledge when it is not managed properly. For example, leakage of trade secrets to outsiders and loss of critical knowledge because of system security problems or employee turnover may negatively affect the reputation or even the competitiveness of a company.
A tool has been developed by the Knowledge Management and Innovation Research Centre (KMIRC) at the Hong Kong Polytechnic University to assess the knowledge risk factors of companies. This tool works with two connected assessments. This workshop will explain the use and purpose of this tool and also allow participants to participate in an assessment.
•Introduction on the knowledge risk assessment tools.
•Self-evaluation of knowledge risks by the workshop participants
•Briefing on case studies conducted, followed by open discussion on methods to prevent or reduce knowledge risks for business sustainability
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