3. What does “leveraging expertise” mean? How did Siemens do this? Explain how this relates to Siemens’s high return on investment.

ShareNet has evolved into a state-of-the-art Webbased knowledge management system (KMS) that stores and catalogs volumes of valuable knowledge, makes it available to every employee, and enhances global collaboration. Numerous companies, including Intel, Philips Electronics, and Volkswagen, studied ShareNet before setting up their own KMS. Teleos, an independent knowledge management research company, has acknowledged Siemens as one of the most admired knowledge enterprises worldwide for 5 years in a row.