In: Economics
A newly established start-up in Beirut’s Digital
District (BDD) named MedEntr aims to establish online support tools
for surgeons to employ during surgical operations. The start-up’s
vision is to enable surgeons around the world to perform all or
most of the surgical operations required, especially in countries
that are short on medical equipment and surgical expertise. The
start-up has won $25,000 from BDD and another investing firm in
Beirut as funds for their IT infrastructure. They intend to use
this money to develop their website and mobile app and try to build
an online community which is ready to take part in their
initiative.
MedEntr has two co-founders, three full-time employees and two
part-time developers. Both co-founders are biomedical engineers who
recently graduated from university. The employees are also their
friends from their time at the university who are willing not to be
paid until the start-up can secure more investments. The
co-founders benefit from unlimited medical advice from mentors in
the incubator along with their previous university professors, as
they believe MedEntr has the potential to gain global
recognition.
All stakeholders of the start-up believe that knowledge is their
greatest asset, as they could have a lot more money, but that will
lead them nowhere if they do not employ the needed technologies,
mechanisms and tools to discover, capture, share and apply
knowledge. For that, both co-founders are in constant discussions
with their mentors to establish a knowledge management plan to
employ in the early stages of their start-up that would pave the
way for a proper entrepreneurial endeavor.
The majority of their mentors suggested focusing MedEntr’s efforts
on knowledge capture for several reasons. First, capturing
knowledge could be the least expensive but most integral knowledge
process, as both knowledge sharing and application are dependent on
it. Second, knowledge capture systems are easy to integrate in a
business culture, especially an entrepreneurial one. Third, being
part of BDD encourages employees to capture knowledge in innovative
ways as the environment surrounding MedEntr is highy supportive of
knowledge management and knowledge management processes. However,
capturing knowledge is dependent on several other
prerequisites.
To ensure that a proper knowledge capture system can be put in
place before the end of July, and considering the limited financial
budget at hand, both Ms. Mira Hilal and Mr. Jad Youssef, previous
university professors of the co-founders of MedEntr, have called
for external support using their own research funds from the
university. They believe that outsider input from KM specialists is
highly beneficial and can lift the ambiguity (related to several
unclear KM tools) surrounding them. KM specialists know better, and
they can help MedEntr use the right and needed tools from the
start.
Accordingly, consider yourself a KM consultant receiving MedEntr’s
profile for advice on how they can capture knowledge properly. You
are required to prepare a report (i.e. maximum 10 pages) that
addresses the following:
1. Highlight and explain how storytelling can be an important
knowledge capture system to adopt.
a. Explain the concept of storytelling and three methods for
encouraging storytelling in MedEntr (considering its limited
financial resources). (8 points)
b. Explain at least 3 types of knowledge that can be captured
through storytelling. (8 points)
c. Discuss, through the use of examples, how KM infrastructure can
support storytelling. (8 points)
2. Highlight and explain how communities of practice can be an
important knowledge capture tool to adopt.
a. Explain the concept of communities of practice and the
importance for start-ups and/or small enterprises. (10
points)
b. Explain at least 3 types of knowledge that can be captured
through communities of practice. (10 points)
c. Discuss, through the use of examples, how KM technologies can
support communities of practice. (12 points)
3. Suggest a knowledge management system that can be adopted by
MedEntr to capture knowledge.
a. Explain the suggested knowledge management system (its possible
variations and/or alternatives if applicable) and its strengths.
(10 points)
b. Why is your suggested knowledge management system suitable for a
start-up and/or small enterprise? (10 points)
c. Discuss, through the use of examples, how KM mechanisms can
support the suggested knowledge management system. (12
points)
d. Discuss possible barriers to the use of the knowledge management
system.
(12 points)
You are to abide by the following outline:
• Introduction: your introduction must introduce MedEntr along with
the recommendations you propose.
• Clearly stated objectives and/or outline.
• Recommendations:
o Storytelling
o Communities of Practice
o Your suggested knowledge management systems
• Analysis
o Specific costs and benefits: discuss here some costs (if
applicable) and benefits of the three aforementioned
recommendations.
o Analysis of recommendations: you might discuss here the best
option/s MedEntr has and/or means in which they might employ the
three suggested tools and technology for capturing knowledge.
• Conclusion: This part summarizes all of the recommendations and
findings from your report.
• Appendix:
o This part is optional and is NOT included towards the page
count.
o If you plan to add an appendix, it should include any relevant
supporting citations like bibliography, references, photographs,
etc.
o Include any information which supports all of your
recommendations.
Good Luck!
Note: Students are to complete the project individually or in a
group consisting of no more than three students.
Introduction: MedEntr is a newly start up business in Beirut's Digital District. One of the key aims of the MedEntr is to establish online support tools for the surgeons.
Clearly started objectives.
Recommendations:
One of the key recommendation is to enable surgeons around the world to perform all or most of the surgical operations with the use of various digital and internet technologies.
Storytelling:
The key concept associated with the storytelling is it is very useful in describing the cultural and social activity associated with sharing stories. The three methods for encouraging storytelling in MedEntr are:
Communities of Practice:
A community of practice is Referred to as a group of individuals who tends to share passion or concern associated with the specific matter. It tends to have a very broad concept and this practice helps in working collaboratively to improve the skills and advance their knowledge related with specific domain.
Your suggested knowledge management systems:
A knowledge management system is an effective information technology system which is very prominent in retrieving and storing knowledge. It is very useful in improving the understanding, collaboration and effective process alignment between surgeons and employees.
Analysis:
Specific costs and benefits:
The key recommendation to integrate with online support tools helps in enabling the surgeons to work from across the globe and provide the best possible services.
Analysis of recommendations:
Conclusion:
This study summarizes that, integration of the online support tools helps in enabling the surgeons to work from across the globe. Information communication tool, knowledge visualization and content repository and knowledge search are also effective tools which helps in capturing knowledge.