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The Value of Knowledge Management                                     361



                   Table 10.3
                 Benefi ts of a CoP to an individual, to the community, and to the organization

                 Type of benefi t              Measurable value
                   Individual (how does an     Skills and know-how increased
               individual participating
               in a CoP benefi t?)
                                              Increased personal productivity
                                              Increased job satisfaction
                                              Enhanced personal reputation

                                              Increased sense of belonging
                   Community (how does        Increased availability and access to knowledge, expertise,
               the collective benefi t       and resources

                                              Easier to reach a consensus
                                              Faster problem solving
                                              Enhanced community reputation and legitimacy

                                              Increased trust between members
                   Organization (how does     Improved operational effi ciency
               having this CoP benefi t
               the host organization?)

                                              Increased cost savings
                                              Increased avoidance of problems
                                              Improved quality of service

                                              Increased speed of service
                                              Increased employee retention/decreased turnover
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