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Knowledge Transfer
 
 
It is no secret that knowledge is power but, the ability to access knowledge and use it to grow and expand a business can be costly. 
 
Unfortunately, many small businesses lack the
financial resources that can enable them to gain access to critical research and information which can support them in gaining a competitive edge  in growing their business.  
 
Fortunately we live in an age where technology is a tool that provides a building block and platform which can be used to fuel creativity and innovation. 
 
Now more than ever, Small Business owners can empower one another through collaboration and the infusion of Knowledge Transfer.
 
 
  
What's Knowledge Transfer and how does it affect my organizational growth?
Knowledge Transfer 
 
Knowlege Transfer can be defined as the effective sharing of ideas, knowledge, or experience between units of a company or from a company to its customers.  The knowledge can be either tangible or intangible. (Process) (MIT.edu)
 

Knowledge and innovation have been increasingly recognized for fueling economic development, job creation, and social development. 

 

Unfortunately, many companies face a daunting challenge of tapping into the vast reservoir of information.  However through simulations and the infusion of knowledge small companies can support each others growth,  ultimately impacting the bottom line. 

 

 
What's in it for me? (WIIFM) 

WIIFM

 

A common question to ask is What's in it for me?  In other words how can a Small Business Owner grow their client base, strategic partnership and profits through sharing information?  Knowledge Transfer is important because it allows participants to share best practice, expertise, ideas and advice.  Through an open exchange of giving each user  capitalizes on the benefits which are increased productivity, speed, agility, profits and growth.   

 

 

 

 
What are the methods of transfering knowledge?

Methods

 

Knowledge Transfer methods include formal education and training, interviews, mentoring, apprenticeships, simulations and games, instant messaging, peer assists, communities of practice, job transfer, knowledge elicitation interviews, storytelling, wikis, blogs, research papers, and conferences.  American Management Association (AMA)