Innovation drives Kogas’ practices
Kogas actively encourages employee involvement in each step of its work processes. Employees voluntarily engage in community of practice (CoP) activities to create resources and improve problem-solving skills.
A total of 484 CoPs were in operation last year. If more than three people have ideas for business improvement, they can form a CoP and upload the results of executing an idea on a knowledge management system (KMS), turning them into resources for other employees to refer to. Kogas annually selects and rewards the best practices to encourage innovation.
Efforts for innovation in management also boosted Kogas’ financial performance. Achievements through knowledge management activities resulted in revenues of 315.8 billion won last year, 71.2 percent higher than the previous year.
By Kim Young-shin [email@example.com]
More in Industry
Are you Taycan to me?
Facebook hit with $6 million penalty for customer data leak
Spinoff to give LG chairman's uncle his own conglomerate
Lotte companies make appointments earlier than usual
Doosan Heavy becomes largest shareholder of Doosan Fuel Cell