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Knowledge transfer is the process of sharing skills and knowledge from experienced employees to new hires, crucial for maintaining efficiency as Baby Boomers retire. Challenges include inadequate onboarding strategies and a lack of formalized knowledge transfer plans, which can lead to employee disengagement and turnover. Effective practices involve peer training, mentorship, and utilizing technology to facilitate knowledge sharing, emphasizing the need for organizational support and cooperation.

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0% found this document useful (0 votes)
4 views

business-management-assignment-sample

Knowledge transfer is the process of sharing skills and knowledge from experienced employees to new hires, crucial for maintaining efficiency as Baby Boomers retire. Challenges include inadequate onboarding strategies and a lack of formalized knowledge transfer plans, which can lead to employee disengagement and turnover. Effective practices involve peer training, mentorship, and utilizing technology to facilitate knowledge sharing, emphasizing the need for organizational support and cooperation.

Uploaded by

Kumar Sunil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Knowledge Transfer

Introduction:

Knowledge transfer is defined as a process of sharing knowledge, skills and

behavior by experienced employees to their subordinates. In today’s world,

knowledge transfer has become an important aspect in business especially

to learn through experience. It is mainly to capture the knowledge and ideas

of baby bloom employees of the organization and work patterns so that

newer employees can be equally efficient as them. The organizations have a

separate training department that is involved in developing and managing

knowledge transfer activities. They create knowledge repositories to retrieve

useful information whenever required. (Mohamad, Noor and Hussin, 2017).

Team training and peer to peer interaction or discussions are the most

common ways of knowledge transfer. Other methods include mentorship,

forums, blog posting, newsletters, etc. However, organizations face the

absence of an adequate plan of knowledge transfer mainly due to limited

resources and employee cooperation.

Challenges to knowledge transfer:

Onboarding could be a crucial method for organizations to teach

employees concerning their business and culture, and to make sure that

they conform quickly to their new roles. An employee’s

onboarding expertise can form their perception of the company, and

might ultimately have an effect on their call to remain or to look for

employment elsewhere. while not an economical onboarding strategy,

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organizations might be provision disengagement and turnover. (Paulin and

Suneson, 2012) With the inflow of young and various workers connection the

workforce, several business environments are evolving to incorporate new

technologies and training methodologies that will charm to the

present audience. Since onboarding is that the employee’s first glimpse into

a company’s culture and business processes, the type of tools

used throughout the onboarding program is important for engaging

and holding new workers. The importance of onboarding has been

established in each academic and company settings. On the opposite hand,

knowledge transfer could be a comparatively new term within

the training and Development space. for several firms, knowledge transfer

is turning into increasingly important, particularly considering the

massive population of

Baby Boomers moving toward retirement. For firms that are getting ready for

this mass exodus, many are struggling with a way to effectively transfer the

knowledge and skills that ‘Boomers’ possess to the

workers WHO can eventually replace them. once asked to rate the

effectiveness of their training organization at transferring such knowledge,

only 39% said that their training organizations were effective. With a

majority of learning leaders stating that their training organizations are

ineffective at knowledge transfer, there are several factors that ought to be

explored to see areas for improvement. (Seweryn, 2014)

Learning leaders were asked to outline that practices and tools

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they presently use as a part of their knowledge transfer strategy. (Dias and

Porto, 2018) Whereas cited because

the commonest follow for knowledge transfer, work

shadowing needs AN overlap of recent and senior workers in the geographic

point. sadly, this might not be AN possibility for some companies;

if workers leave dead, or if the corporate is unwilling to fund this kind of job

overlap, learning leaders are forced to use different knowledge transfer

practices which will be less effective. Overall, learning leaders from effective

organizations report employing tools as part of their knowledge transfer

strategy more usually than those from ineffective organizations. additionally,

learning leaders from effective organizations describe victimization training

and mentor networks close to double as usually as those from ineffective

ones. Turnover is taken into account a key indicator of worker engagement.

Decreased worker engagement is driven by ineffective onboarding

and knowledge transfer practices. additionally, those

employees WHO attempt to leave the corporate could also be taking a

portion of the company’s knowledge pool together with them. Learning

leaders aren't naïve to the prices of turnover, regardless of whether or not

they are associated with monetary expenses or worker engagement. an

efficient onboarding strategy won't solely prepare workers for his or her new

role among the corporate, but will also provide them a transparent image of

the business – and hopefully their place among it. Many of the challenges

that learning leaders rumored with onboarding are in keeping with a lot

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of mature training programs. Therefore, the simplest practices concentrate

on guaranteeing support and consistency across the enterprise, and

assessing the effectiveness of onboarding programs. (Tselekidisa and

Tselekidisa, n.d) the simplest onboarding programs can outline business

and training goals, and develop a framework for everybody concerned to

follow. In addition, learning leaders unceasingly stress the importance of

garnering leadership support, together with the involvement of departmental

and practical teams, throughout every section of training. This guarantees

that training is comprehensive, and that it enhances every space of the

business. Training programs or mentor networks may be enforced to

supplement onboarding or knowledge transfer programs. In comparison to

onboarding programs, learning leaders cite a variety of challenges

for knowledge transfer that signify comparatively new programs. the

best challenge for each effective and ineffective organizations is that

the lack of a formalized knowledge transfer approach. several organizations

are realizing the importance of developing and implementing a formalized

knowledge transfer strategy. (Dias and Porto, 2018)

Practices of knowledge transfer:

In doing thus, training organizations can probably see improvement in the

amount of resources allotted to knowledge transfer, along

with raised collaboration, consistency, and potency across departments and

roles. (Seweryn, 2014) To additional improve knowledge transfer processes,

learning leaders counsel facilitating peer-to-peer and team training, which

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includes work shadowing and training, among different practices. Innovation

has achieved an adjustment in learning styles. While the person born after

WWII age is regularly increasingly familiar with customary, home based

learning and referencing printed guidance manuals, innovation based

methodology. Similarly that we have turned out to be familiar with look to

YouTube for guidance when we have to fix something, millenials support

utilizing their telephone or tablet to get to recordings, giving the knowledge

they need when they need it. This is the place the virtual classsroom comes

in. It involves groups from over the globe going on the web for intuitive

sessions with coaches and associates. Colleges have been utilizing virtual

study halls for some time, yet in the recent years, helped by advances in IT,

they have turned out to be quicker and all the more dominant, consequently

increasing across the board acknowledgment and use. The capacity to

impart learning and experience to partners, paying little respect to their land

area, speaks to an extraordinary reserve funds on movement time and cost.

The achievement of an information exchange plan will appear to be unique

for each association since objectives will change for each arrangement

dependent on an organization's industry and requirements. One association

might total an information exchange program on the grounds that a lion's

share of their workforce will resign in the following five years. (Hitchin, 2017)

Another gathering might begin a temporary position program and need to

accumulate knowledge on required section level undertakings in every

division and complete and onboarding parcel for new understudies.

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Assessing and estimating learning exchange against objectives laid out, will

rapidly recognize holes in the system and take into account a move in the

arrangement pushing ahead. Learning exchange is no simple assignment

and isn't something finished medium-term, however with watchful readiness

and clear objectives, can be practiced and set your association up for

progress for the long term.In an association express information at the

dimension of the individual advisor may not fundamentally give a huge

focused edge because of the way that different experts can likewise

advantage from that dormant learning to contribute viably towards the

primary concern of the association. Along these lines, supporting specialists'

aptitudes to deliver exceptional learning might be more productive than

supporting an expansive gathering of individuals that may include more

assets and may not continuously make one of a kind outcomes. The troubles

associations have in dealing with their everyday activities, begins and

finishes with this issue. The facts demonstrate that past the records of past

encounters and the rules for the task being referred to, another and

unrepeatable way is attempted that is preposterous to expect to anticipate,

however the exercises learned enable the group to think about and break

down the conceivable situations, just as Learn from past circumstances that

made it hard to accomplish the ideal outcomes.

Unfortunately, the unrepeatable normal for the undertakings involves the

use of these exercises, which are regularly exchanged through the individual

experience of a colleague. Regardless of whether you have an undertaking

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group with all the vital abilities to convey an aftereffect of adequate quality,

it is conceivable that there are skills that are hard to recognize, particularly

concerning the gathered involvement, the Know-how of the organization and,

on account of activities abroad, the multicultural measurement. Added to

this is the way that whoever does the arranging will never be a specialist in

all the specialized viewpoints that must be secured, which may neglect to

coordinate the prerequisites with the specialized limit of the group. For this

situation, significantly exchange of learning inside to the undertaking can

genuinely fail.Project administration is supported both by the executives and

task supports, who must get the fitting preparing to screen with more tact.

The trouble is to fuse top administration into the administration of

information without removing the specialist and the earnestness we see it in

the risk of taking incorrectly bearings on the grounds that the sponsors may

have some error or wrong qualification in connection to the recruitment.

(Mohamad, Noor and Hussin, 2017).

Knowledge transfer: An example

When there was an opportunity to train a new cohort for the process my

senior was working in, it was an opportunity for me to become the junior

trainer and share the practical experience that I gained from work. The

process of knowledge transfer was through presentations and this helped me

explain certain expects of the work that I gained only through experience. I

was able to explain the process well by taking example of practical scenarios

so that when they meet such scenarios, they can handle them well. I was

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happy to express my views and give them the knowledge of work on such a

platform. Within the presentation, I did ask several practical examples that

was explained so that I understand their level of understanding of the work.

Apart from this, I even had the opportunity to transfer knowledge about

different case studies that my colleagues handled in the organization. The

analysis of case studies was taught to them and I gave my knowledge on

how to create reports on such case studies which was vital for the work they

were about to perform in the company. I have pursues special training on

report writing during my studies and I did transfer the same knowledge to

them. The main aim for doing so was to keep the new employees ready for

the task they would perform and also, ready them for all the challenges they

would probably meet at work like I did. Thus, discussion at the end of

presentation did led to open question session that helped me answer their

queries through my knowledge of work allowing me to transfers knowledge

to my new juniors.

Conclusion:

Hence, it can be concluded that knowledge transferring is the best way to

learn business and grow within the organization. However, there are several

challenges that come up with it. Primarily, it is the willingness and

cooperation of the baby bloom employees to transfer their knowledge of

experience in the organization. They should be willing to transfer the

knowledge so that it can easily grabbed by the new employees. Apart from

this, forums or discussion should be held in the organization from time to

8
time so that knowledge is shared on a more professional platform. It is also

likely that knowledge can be interpreted wrongly. Therefore, companies

need to consider effective strategies to encourage and initiate knowledge

transfer among the employees.

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