Two recent events ought to give further impetus to the relevance and advancement of knowledge management (KM). Firstly, the changes of the US and European Systems of National Accounts (as part of a worldwide revision) now allows for the capitalization of research and development expenditure. Secondly, the envisaged ISO 9001:2015 Standard makes an explicit KM reference as part of Quality Management Systems.
Info 1: “In a modern, more and more digital economy, R&D is an investment for the future even more important than buildings, trucks, or factories.” But, “being considered an expense consumed at the end of the period, R&D expenditures came in deduction of the global output of the economy and of operating profits of the period. In ESA 2010 [European System of National and Regional Accounts], outputs of R&D are now "capitalized", meaning they are recognized as assets and the acquisition, disposal and depreciation of R&D fixed assets will be treated in the same way as other fixed assets. In the conservative world of accounting, it is quite a bold change, coming way ahead of business accounting practices. It will lead to macroeconomic balance sheet data that have better analytical capacity.”
SNA TECHNICAL PRESS BRIEFING Brussels 16 January 2014, see link
Info 2: “ISO 9001:2015 should have major benefits for Quality Management Systems with less emphasis on documentation and new/reinforced approaches like consideration of organizational Context and (relevant) Stakeholders, Risk Based thinking and Knowledge Management.” (Fonseca, 2015) see link
Fonseca, Luís Miguel. "From quality gurus and TQM to ISO 9001: 2015: a review of several quality paths." International Journal for Quality Research 9(1), pp. 167-180, 1800-6450 (2015). see link
https://www.destatis.de/DE/ZahlenFakten/GesamtwirtschaftUmwelt/VGR/Methoden/Downloads/TechnicalPressBriefing20140116.pdf?__blob=publicationFile
http://recipp.ipp.pt/bitstream/10400.22/5740/1/ART_LuisFonseca_2015_DEM.pdf
No, it will not effect that much as currently the revisions are drafts and until implementation and final version it will be 2018. It takes almost 3 years for any standard to be stable and implemented fully at every place.
Thanks. Muhammad. But given the long lead times of system development and implementation and the diverse KM initiatives already under way, would it be not the time now to think about and initiate adaptions and/or contingency plans?!
Taking into account recent discussions with practitioners there is an impact: Knowledge management systems will have to meet the requirements from quality management as well as of accounting/controlling IT landscape.
Knowledge management systeme have to support controlling and quality management software systems or process management systems if they are used to support quality management.
Would you like to get further information on how?
Thanks, Irene. Yes, I would very much appreciate if you have more information.
Now, bigger ERP enterprises have special modules form HR process, its relatively simple be in compliance in clauses like: 5.3, 7.1.2, 7.2, 73 etc. The advantages are in only one system u can planning, reporting and tracking, Ops, Mats, Fiances and in HR: recurring, compensation, learning, succession, performance & goals ( all in cloud, less documentation, just reporting live all you need to take improvements decisions ).
I´m working as solution designer for this kind of solutions, I´m sure I can provide you information
Hi
Please refer to,
Information Management Model for Intellectual Capital of HEIs in Oman: Theoretical Quantitative Approach and Practical Results. J. of Information and Knowledge Management, 2018, Vol. 17, No. 1, pp.1-38. (World Scientific).
Regards,
Zuhair
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