Knowledge, just like any other currency, can only really benefit you when it is able to circulate around and create new value. Knowledgeable employees are an invaluable resource, especially for small businesses, and knowledge sharing and circulation is a key requirement for maximizing the potential of these employees. It’s very important to build up the culture of your organization in a way that promotes knowledge sharing, and this includes leading from the front by sharing your own industry knowledge.
- In business terms, the value of information depends on what you do with it. If you keep it lying around, you will end up falling behind the competition.
- In the business world, having knowledge circulate between employees is crucial for business. It is likened to the pixie dust or magical wand of the business world.
- One of the first steps to having a knowledge sharing culture in a company is for the leaders to be ready to share their knowledge, leading by example.
“Just like money should not stay in the bank, company knowledge should not be blocked in organisational structures.”