Why knowledge sharing is important

This article explores the importance of knowledge sharing when growing and maintaining a successful business. By Hannah Price. Knowledge hoarders are some of the most frustrating people to work with. Their resistance to sharing knowledge, often because they fear losing their advantage, is completely backwards. It dulls their competitive edge.

In this article, we explore the value of knowledge and explain why it should be shared generously across an organization. To understand the importance of knowledge sharing, we have to understand the importance of knowledge itself and how it differs from information.

In his article on knowledge sharing, David Gurteen gives an exceptional explanation of knowledge with a cake analogy. It gives you the ability to make good use of the information on hand, enabling you to disseminate it accurately and use it wisely. Knowledge also adds a robustness to your abilities, allowing you to both create and innovate. It also calls for knowledge sharing with the right people at the right time through intuitive searches, direct communications, and a culture that encourages regular sharing and collaboration.

You can use knowledge management tools to maximize organizational learning. Organizations learn and improve by sharing knowledge and acting on the insights gained from that knowledge. See how Guru captures, transforms, and delivers knowledge when you need it.

Why Guru? With Guru's collaborative knowledge management solution, answers find you. Product enablement. The latest product information, delivered to reps in their workflow. Internal communications. Teams stay connected with anytime access to expert-verified information. Employee onboarding. Automated onboarding to meaningfully integrate new teammates.

Remote work. A work-from-anywhere solution to help teams collaborate and connect. Free Templates. Boost your productivity and free up time with expert-designed templates.

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Log in Sign up free. Or at least share that knowledge with them. There are countless benefits, but the clearest is that it makes you more effective and productive by streamlining the processes — say goodbye to needless trial and error. When people are learning from each other and have a platform to share their knowledge, that builds a sense of community. Especially when the takeaways from colleagues help people to do their job better!

You could argue that this is the best way to create a learning culture because your people can see and feel the benefits of both sharing and tapping into shared knowledge.

When the value and results come quickly, it gives you the momentum that you need. We touched on shared knowledge helping people do their jobs better, and the best example is probably for customer-facing employees. No matter how much of a community and culture you build, the day will come when even your best and most-engaged employees fly the nest. Well, when people can search for shared knowledge, that really kills those two birds with one stone. Knowledge management is really the difference between sharing great knowledge that people can find and finding that knowledge becoming a barrier to progress!

At HowNow, this means using our platform as a central brain for all of our knowledge and resources! Could our integrated learning platform be the answer to your knowledge sharing management questions?

Skip links Skip to primary navigation Skip to content. By taking care of knowledge management, you create a centralized location for information, which remains available and continuously updated as employees come and go. Thus you eliminate an information gap your employees may not be able to bridge alone and you get covered against the loss of information.

When you prioritize knowledge management, this significantly increases the chances of achieving successful innovations. An integral part of knowledge management that fosters innovation is getting knowledge from external sources — the market, competitors, the industry leaders.

Employees at your organization might be very job-specific or wear many hats. In either case, a knowledge management system and the process will help your employees — and the company overall — get better transparency on what knowledge is available and reach better team productivity. Well-organized knowledge management will also contribute to staying aligned on company values, outcome-based expectations, and collaboration tactics.

Learn more about smartPeople with our free datasheet. With knowledge management done right, you accelerate the onboarding of new hires and make it more effective and smooth.