During periods of rapid change the cost of not having a “knowledge strategy” for ensuring business sustainability can be fatal. A knowledge strategy is an organized plan for keeping current with innovations that support sustainability. They’re often necessary when replacing outdated or inefficient systems, equipment and procedures. A knowledge strategy allows a business to adapt and prosper, while those lacking a strategy often become irrelevant (remember Kodak?).
While rapid change has been the hallmark of the digital era, there are no signs the rate of change slowing down. This makes a knowledge strategy critical. In many industrial sectors the rate of change is actually speeding up as we enter what is being called Industry 4.0 or the Fourth Industrial Revolution!
An effective knowledge strategy assures timely awareness of those “new technologies” that ensure business sustainability by maintaining optimal efficiency, minimal operational costs and maximum profitability.
The upcoming Building Operating Management’s NFMT2017 convention and expo is an important knowledge strategy resource for today’s facility managers. The event takes place on March 7 – 9, 2017 at the Baltimore Convention Center.
The expected 5000 attendees will have the opportunity to review cutting edge technology and implementation strategies at the 500 vendor exhibit hall, while learning from industry leaders during 125 live presentations.
Implementing these strategies typically involve financing. This is often the missing link in a company’s capacity to stay current and adapt. To fill that missing link Scott Ringlein, CEO of the Energy Alliance Group of Michigan, will be participating in a panel discussion at NFMT17 entitled: Energy Management Strategies and Opportunities. The panel will be reviewing “opportunities and solutions for energy management, including how to receive funding for projects and how to deal successfully with internal bureaucracy.”
Ringlein described the knowledge strategy of the NFMT event in this way:
“One of the benefits of attending the NFMT conference is that facility managers gain knowledge about new technologies that can lower utility costs and improve production. The opportunity we have in presenting at the NFMT conference is sharing financing options that allow the purchase of those technologies while eliminating the prohibitive financial barriers faced in the past.”
It’s difficult for a company to remain competitive while operating with an infrastructure that is long out of date. Often businesses are very clear about what upgrades are needed, but the barriers of return on investment and disruptions to cash flow prevent them from taking action. The NFMT event provides a variety of strategies that help facility managers incorporate cutting edge technologies while educating CFOs on how to pay for them.
Today’s Knowledge Strategy: Free Webcast for Facility Managers – Overcoming the Financial Barriers of Upgrades
When a company lacks a knowledge strategy, inertia sets in and businesses fail to adapt while lost opportunity costs pile up! Implementing an effective knowledge strategy helps overcome inertia and allows capitalizing on new opportunities. Those companies who embrace knowledge and adapt the fastest are the ones most capable of taking advantage of new opportunities that rapid change creates.