How to build a successful knowledge transfer plan

Close your eyes and imagine it’s 1597. In America, the first pilgrim settlers tried, and failed, to settle in Newfoundland. In England, famed philosopher Sir Francis Bacon published his “Meditationes Sacrae”, in which he wrote that “knowledge itself is power.”

Now open your eyes. OK, we all know what happened with the settlers. But, how about Bacon’s prophecy? How did that pan out? Well, a quick peek into the world of HR and L&D and, almost half a century later, Bacon’s observation still seems pretty spot on. Knowledge is power. Particularly when it comes to business.

What unites the world’s most powerful companies today is a respect for and commitment to the sharing of information throughout the organization (its formal name now is a knowledge transfer plan).

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