"The baby-boomer generation, which started to turn 60 this year, casts a shadow over the companies it is set to leave behind"

Editorial, February 2006
The Economist
Aerospace/Defence
With a vast heritage of valuable proprietary design skills, experience and know-how, companies continue to target growth across world markets, but are also consolidating aggressively wherever possible to save costs. The ability to preserve and exploit know-how for the future is paramount.

During a severe squeeze on capital procurement across world markets, companies in this sector are focusing on three main growth programmes:

  • securing "through-life" revenues, while reducing the customer's cost of ownership
  • upgrading and "re-lifeing" existing platforms
  • growing support services: outsourcing processes currently performed by public sector or armed forces personnel.

In the course of re-configuring the workforce and implementing lean processes, they are suffering bottlenecks around key expertise. Providing shared access for customers to platform design, upgrade and maintenance information, potentially over many decades, is a demanding requirement. These firms need to unlock the critical knowledge currently hidden within pockets around the organisation.

As experienced personnel are let go, the up-and coming generation with increasingly diverse skill-sets must quickly learn the ropes, in an environment where most budgets for staff development have been squeezed.

They share a common interest in our systematic methods for learning from past experience, improving secure collaboration, reducing the risks of knowledge loss and exploiting know-how to improve innovation and competitiveness. We are at the forefront of knowledge transfer best practices across the industry.

"KorteQ has added considerable value to the Knowledge Continuity Strategy, guiding us with a plan to capture the critical knowledge, which might otherwise have been lost forever. We have been impressed with KorteQ's positive, interactive, and practical approach, and we have learnt a great deal from working with their team"
Decision Support Manager
BAE Systems plc

 

UK Supply Chain Competitiveness
We need a leading-edge supply base which creates high-value jobs: a competitive industry which can bid successfully for export orders. It is in our strategic interest to retain certain key capabilities, technologies and Intellectual Property in the UK; and to source others on the open market - as reported by the Commons Defence Select Committee.

KorteQ has developed a point of view on the skills debate.

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