Strategic Improvisation in Business
Knowledge transfer is the process through which knowledge, skills, and expertise are shared and disseminated among individuals or groups within an organization. This process is crucial for fostering innovation, improving performance, and ensuring that valuable insights gained from experiences, especially failures, are not lost but instead utilized for future endeavors. Effective knowledge transfer enables organizations to adapt quickly by learning from past mistakes and leveraging the collective knowledge of their members to create a more agile response to challenges.
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