P. 1
KMI_ICICI

KMI_ICICI

|Views: 112|Likes:
Published by Dhruv Nijhawan

More info:

Published by: Dhruv Nijhawan on Nov 10, 2010
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

06/28/2011

pdf

text

original

Knowledge Management At ICICI Bank

ICICI Bank
‡ ICICI stands for Industrial Credit and Investment Corporation of India. ‡ It was founded in mid 1950 s. ‡ Its purpose was to provide medium and long-term development finance for Indian business. ‡ Established Retail Banking facilities in 1994. ‡ Offers range of products instead concentrating purely on project finance. of

ICICI Bank
‡ Second largest bank in India and largest private sector bank by market capitalization. ‡ It has presence in 18 countries. ‡ As of 31 March 2010, the bank has  2,016 branches  5,219 ATM s  24 million customers

First Step Towards Knowledge Management ICICI Universe .

ICICI Universe .

ICICI Portal ´Wise Guyµ .

‡ A Coordination Group comprising of employees from research group. ‡ The Wiseguy banner was floated in the company s intranet.Initiating Wise Guy At ICICI ‡ The concept was initiated in April 2000. . ICICI Infotech and the library staff sold the concept to the employees. ‡ Emails were sent to all the employees regarding Wiseguy and its features.

Initiating Wise Guy At ICICI (cont«) ‡ A dedicated team of 7 software developers worked on it using existing IT infrastructure. ‡ The Wiseguy eventually became a part of the intranet. ‡ Between April and November it had 40. ‡ First version came on 15th June 2000. .000 hits. ‡ Interested persons could get their login and password from the system administrator. ‡ Second version came on 15th October 2000.

‡ Provided common platform to bring the virtual team together The Wise Guy portal united the people across the country who have interacted only via emails and have never seen each other in order to foster a sense of belonging. . The Wise Guy portal could act as a common thread binding two different cultures enabling a smooth transition into a universal bank. Whenever an employee moves. The new incumbent spends a lot of time in trying to build a foundation and begin his work called Reinvention of Wheel. he does not leave behind the documented information about the job or the client that he was associated with.Why ´Wise Guyµ Was Introduced ‡ To create a culture of knowledge sharing. ‡ Merger of ICICI with ICICI Bank was in the offing.

Knowledge : Explicit and Tacit .

.Challenges In Initiating KM At ICICI There was a difficulty in capturing and codifying the tacit knowledge because of the following two reasons: 1. Unwillingness of the owner of the knowledge to be part with it. 2. The owner is willing to articulate the knowledge but the recipient is unwilling to absorb it.

‡ Nobody lost any personal power which comes from being knowledgeable in a particular area. ‡ No person was asked to share his/her tacit knowledge at this point.Overcoming The Challenges ‡ The Wiseguy portal began with the articulation of the information which was explicit to only a few persons in the organization and tacit in general. ‡ Sharing of explicit information did not threaten anybody s knowledge quotient. . ‡ Only explicit knowledge was shared.

The Wiseguy At ICICI ‡ To generate awareness Mails were sent to all the employees Banners were put on the Intranet site-ICICI Universe. Top three contributors are selected every month. Cash prizes (K-cash points are given) Photographs of the winners get a place for a week on the site. . ‡ To sustain interest Contributions made by the users are acknowledged.

Accessing The Wisguy Portal ‡ Each section can be accessed only through the login-id which is usually the employee code and a password. . ‡ Helps to build privacy especially for sections containing client information. ‡ Confidential sections are restricted by the administrator.

Technology Platforms ‡ The tools are supported on a variety of hardware and software platforms particularly ‡ ‡ ‡ ‡ Microsoft Windows Linux Microsoft Office OpenOffice (the open source alternative to Microsoft Office) .

Contents Of Wiseguy Portal ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ Discussions Queries Edited Contributions Books Training Calendar Vendors External and Internal Reports Events Captured offline lectures and presentations .

. ‡ People can interact with CEOs . ‡ If the branches desire.Human Face Of Wiseguy ‡ Knowledge events are organized from time to time. CFOs or experts in a formal meeting announced beforehand. a webcast is also arranged.

Managing Documents On Wise Guy Wise Guy s Document Management System .

Managing Documents On Wise Guy ‡ The Wise Guy's document-management system offers a managed view into the otherwise overwhelming enterprise content. ‡ Team specific interfaces improve collaboration. . ‡ It provides user access to personalized content. ‡ The business groups can generate their own. data driven miniwebsites. ‡ Centralized and distributed publishing capabilities.

Wise Guy Contributions Wise Guy has assisted the organisation in a number of ways. It has helped: ‡ In the creation of a common storehouse of knowledge ‡ Staff identify sources of in-house expertise ‡ In the development of a sense of belonging among staff ‡ Save the bank money ‡ Improve our employee s decision-making ability ‡ Empower staff ‡ Provide a means for staff to upgrade their skills ‡ Staff to plan their career movements ‡ Provide a platform for recognition of contributions made to the bank .

Other Knowledge Management Initiatives At ICICI ‡ ‡ ‡ ‡ ‡ Wise Wednesdays Brown Bag Daily Dose The Learning Matrix The Corporate Information Bank .

. KLS evolved to include even chief the financial officers and CEOs of renowned companies in India. Called Wise Wednesdays . and internal business heads who were delighted to be invited and were willing to give it a try.Wise Wednesdays Wise Guy Knowledge Leader Series (KLS) Several senior people were invited to share their tacit knowledge in an informal manner. who have spoken on the topics of leadership and strategy. such as advanced finance. It contributed immensely to the Wiseguy brand and really helped to build the popularity of KM in ICICI Bank . Guest speakers included experts on various topics.

. to web conferences and live webcasts. so that any user in any location could participate.Brown Bag Staff would be invited to bring their lunch along to a presentation on a particular subject by a notable individual.

Daily Dose 1 2 3 Learning Matrix Corporate Information Bank . ‡ Encouraging collaboration and push mechanisms.Corporate Learning ‡ Learning across the group and from team mates.

Daily Dose ‡ It is a summary of what all is new in the outside world and on the portal. ‡ It features ‡ ‡ ‡ ‡ ‡ ‡ ‡ Headlines Opinions Polls Happenings Customer Appreciations Newsletters Other Regular Updates .

. ‡ Delivered directly to the mailbox of the employees ‡ Helps the KM team to capture the mind space of the employees as they sit down to work in the morning. ‡ Lends high profile to the KM initiatives.Benefits Of Daily Dose ‡ Important part of employees working day.

‡ Modules can be both optional and compulsory. ‡ Employees can also keep a track of ± What he/she has registered for ± How many modules have been completed ± How many modules are pending The Scorecard keeps a score of the programs completed and certificates obtained. The electronic version of the certificates can also be printed. an employee can select a few modules which he/she would like to do in a given year. ‡ From this. . ‡ 83 plans are currently available.The Learning Matrix ‡ The employees can upgrade the knowledge at their own pace.

Banking Rules empowers the employees to make a rational strategic decision. ‡ Client tracker and business tracker helps the new employees to the job in order to better know the background of the client and the business in hand. . ‡ Provides links to other useful databases.The Corporate Information Bank ‡ Provides Company Research and Industry Analysis. ICRA database. ‡ The MIT knowledge base.

to bring in outside resources and to avoid being ego-driven to find solutions within only. ‡ The KM team is encouraged to be open-minded.Key Learnings ‡ KM at ICICI Bank was started in a non-dictatorial manner and its use is voluntary. . KM now is no longer strange or a novelty. but has become the way we work . ‡ To the employees in the bank.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->