Knowledge Sharing-Key to Innovation

strenght-quoteIntroduction:

Knowledge sharing is a tool through which knowledge (namely, information, skills, or expertise) is exchanged among people, friends, families, communities or organizations. Due to globalization of economy, rapid growth in information technology, increase in knowledge based work and competition pressure the concept of knowledge management has gained momentum in recent years. Knowledge sharing is a systematic process for creating, acquiring, synthesizing, learning, sharing and using knowledge and experience to achieve personal as well as organizational goal. This knowledge can be inside the employees’ minds or stored in paper form in filing cabinets and/or stored in electronic form. As a concept, knowledge sharing is very attractive and many business organizations would prefer to be associated with it. But knowledge sharing implementation is not easy. There are many barriers in knowledge sharing implementations such as organization culture, lack of understanding the power of knowledge management, fear of IT, immaturity of industry, etc. Above all knowledge management implementation requires sound strategy. For this it is important to make knowledge sharing a distributive system rather than a centralized system. It also requires a platform where the interaction between tacit and explicit knowledge can take place.

Knowledge Sharing: Conceptual Framework

There is no universal definition of knowledge management. Knowledge management means different things to different people, Microsoft explains it as a discipline that treats intellectual capital as managed assets. The primary “tools” applied in the practice of knowledge management is (a) Organizational Dynamics (b) Process  and (c) Technology.

Benefits of Knowledge Sharing

An effective knowledge sharing program should help a company do one or more of the following:

1. Foster innovation by encouraging the free flow of ideas.
2. Help in understanding markets and customers.
3. Built your brand value.
4. Development of vision and strategies.
5. Building competencies.
6. Improve customer service by streamlining response time.
7. Boost revenues by getting attractive rewards.

Barriers to Knowledge Sharing Implementations:

There are many barriers to knowledge sharing implementations.
The biggest challenges is how to change mindset of people and how to convert the culture from believing that “knowledge is power” to believing that “knowledge sharing is power”. Such change is not very easy to establish and require constant training and development of human resources of the organizations. Add to this other barriers are:

In general, Managing Knowledge has been perceived as an unmanageable kind of problem – an implicitly human, individual activity – that was in traceable with traditional management methods and technology.

1. Psychological fear.
2. Lack of understanding of Power of Knowledge Management.
3. Inappropriate decision making and operational structure.
4. Lack of simple, easy-to understand-and- implement powerful tools.

According to EDW.2 Research, following issues are the greatest barriers to the successful knowledge management implementations.

1. Inadequate attention to organizational and human dimensions – change management.
2. IT cannot solve what is essentially a management problem because it cannot store human intelligence and experience.

Knowledge Sharing Rewards:

Knowledge sharing as a concept is very attractive and provides huge earning opportunities that should not be missed. It is an engine that transforms knowledge into monitory value. However, implementation of knowledge sharing is not easy. It should be properly structured, planned & organized by an established firm.

We at Texvyn Technologies provide a platform to all working & experienced professionals to come & share their expertise with upcoming talents. We have an attractive reward program for all our valuable mentors from different industries. Lets come together to contribute in India’s growth story & get India recognized as land of innovations.  As far as India is concerned knowledge sharing is still in its infancy. It has to cover a lot of ground to come up to the level of knowledge sharing implementation as, say, like Western countries. In India, there is a need of National Knowledge Sharing Concept to create and harness the knowledge of our own people and start creating and using it.

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