The Age of Oversupply: Why the Future Would be Demanding on the Present Generation
February 7, 2025
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What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Organizations indulge nowadays in alliances, collaborations and partnerships. All this require transfer of knowledge, especially, knowledge related to strategies, technologies and best practices to improve the network cooperation. Research studies attempt to obtain inferences from these transfer processes so as to understand more about the characteristics of knowledge transfer.
To understand more about knowledge transfer, it is essential to know about the barriers to transferring best practices in an organization. There is a need to develop a model for the process in which knowledge is transferred, and the obstacles in the different stages of the process can be studied. The critical hurdles to knowledge transfer are as below:
The speed with which the transfer of knowledge takes place is also important since it has to reach the recipient at the correct time and within acceptable cost. Knowledge received late and at an extra cost will not bring any benefit to the organization. It seems that the speed of the knowledge transfer will depend on the tacit nature of the knowledge. The tacit nature of the knowledge is fundamentally dependant upon two factors:
If these are possible, the transfer of knowledge will take place speedily.
It is also seen that the communication and the frequency of discussions between knowledge source and recipient are important factors of knowledge transfer. In addition, the type of knowledge transferred is also significant. The knowledge can be related to business, project or technology. The recipient has to be capable enough in the respective field to have the knowledge successfully imparted.
Consider an instance of building a new system. Knowledge transfer can be visualised as consisting of a source which can be a system user and a receiver who is the system builder. The difficulty faced in the process of knowledge transfer is called knowledge stickiness. A methodical and concentrated inspection of the aspects which result in stickiness while systems are built, will be useful to handle the issues that come up as a result of shortage of needed knowledge transfer among the user and the builder. The level of stickiness during the knowledge transfer process depends on the following factors:
While knowledge transfer is taking place, the above three aspects, scheme together for triggering stickiness. It is important to handle stickiness carefully to enhance the process of knowledge transfer.
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