Conclusion: Significance of Amalgamation

Organizations are unnecessarily anxious about how to encourage creativity and innovation. However in most instances ideas already exist within the company itself. The fundamental aspect is to gather its internally generated knowledge and knowledge prevailing in the external environment and thereafter adopt to ideas that are important. This essay illustrates the sequential steps of knowledge transfer (i.e. creation, sharing, appraisal, distribution and adoption) and how training, incentives, organizational structures and technology can be used in each stage to improve the progression of knowledge transfer. It is essential for every organization to recognize the significance of all stages of knowledge creation and transfer in order to be, truly a learning organization. In this context creating a learning culture which concentrates on continuous improvement and sharing ideas is of utmost important.

Every stage of the knowledge transfer process is equally important. Therefore you need to provide attention to each stage with equal weightage and integrate all the stages to build an effective knowledge transfer process within organizations. There is no use of creating knowledge and not sharing or if other groups find it difficult to absorb it. Further if knowledge is transferred without getting the proper authentication, companies might end up paying huge penalties. In conclusion, it is essential to conduct a cost benefit analysis and focus on self-reflection and continuous improvement to properly integrate the learning and knowledge processes.