Excellence in knowledge management: an empirical study to identify critical factors and performance measures

Knowledge management (KM) has emerged in recent times as a phenomenon with wide‐ranging implications for organizational innovation and competitiveness. Supporters argue that as organizations understand the value of KM, they have the opportunity to establish long‐term internal strengths, which will lead to external competitive advantage. Further, we find the current literature advocates that KM can be implemented in every organizational discipline. KM is approached from several different perspectives, and a number of these are used to structure our paper and identify emerging factors in: strategy, human resources management (HRM), information technology (IT), total quality management (TQM), and marketing. This paper presents a summary of key responses to a recent survey of FTSE 100 companies conducted by the authors, which shows that KM is an extremely popular management topic, yet relatively few organizations have serious implementation programs in place. Also presented are findings from longitudinal studies of six case organizations, which have been approaching and deploying KM over the last three years. The academic arguments for organizations to be proactive in KM are strong and compelling. Our research identifies the critical factors that respondents feel are vital for successful KM implementation, and these provide a basis for a further stage of the study which considers how best to develop appropriate performance measurements.