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# Knowledge Sharing - Strategies for building a unicorn team
- URL: https://blog.cluing.io/knowledge-sharing/
- Published: 2022-11-16T16:01:58.000Z
- Updated: 2024-07-23T11:42:30.000Z
- Author: Sandra Idjoski
- Tags: E-books, Knowledge Management

Knowledge sharing can be defined as the process of creating space for **open communication** about joint successes, common problems, and plans that the team makes together.

Various types of research confirmed that businesses lose up to $31.5 billion annually because they don’t share knowledge and resources with employees. In a small team, these effects are even more amplified as everyone is a key player.

Some key benefits of organizational knowledge sharing are:

- It enhances **transparency** as it encourages the team to share challenges, best practices, and the know-how that they’ve gathered throughout their careers
- **No "Brain – Drain"** as all knowledge is kept within the team rather than an individual
- New employees are **onboarded quickly** and efficiently
- Bringing in different perspectives in a collaborative way **increases creativity** and the team's comfort levels when it comes to generating new ideas

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