Knowledge is named as the main source of competitive advantage for businesses. As a result, more and more companies are investing in knowledge and information, turning them into knowledge-intensive businesses. The best part is; Knowledge and information can be detached from the physical movement of goods and services. The global economy has rapidly moved from physical work to knowledge-based work. Knowledge sharing platforms offer long-term competitive advantages for countries and organizations. Research conducted has shown that the knowledge-based economy enables countries to remain competitive even in uncertain situations. The following are reasons why knowledge sharing is essential.

Organisational performance.

In companies, the knowledge management model is based on the exchange of knowledge – through constant and open communication (often through the strength of organisations) – which highlights the often buried or implicit understanding of all employees. There is a growing need to emphasise that knowledge infrastructures such as technology, structure and culture along with acquisition, transformation, application and knowledge protection are essential organisational skills for higher corporate performance.

Knowledge drives profits.

For organisations to capitalise and gain competitive advantage. The culture that is in every corner of the company, small and medium-sized enterprises need to be efficiently managed to improve organisational performance. It is well known that companies lack knowledge management practices, even though they have strong communication links and social networks in the organisation. It is said that knowledge exchange, especially tacit knowledge, interacts highly and actively with companies. As more and more research is interested in using this implicit knowledge exchange, which is very valuable and difficult to code for, SMEs could benefit from this advantage compared to larger organisations.

Knowledge sharing platforms essentially make knowledge available to others within the organisation. By sharing experience and best practices, managers can keep individual learning across the enterprise flowing and integrating it for practical use.

Strategic planning

Knowledge sharing platforms contribute a significant percentage of company performance. The measurement of organisational performance compares expected outcomes with actual outcomes, examines deviations from the plans, assesses individual performance, and examines the progress made to achieve the desired goals.

Sharing knowledge for managerial purposes.

Knowledge is in human minds and exists when there is a human mind for understanding. Knowledge can be generated through deliberate efforts and resource consumers. Ideas or expertise is a known intellectual capital for any organisation. The neglect of knowledge based on people and ideas has undoubtedly diminished the ability of the enterprise market to achieve genuine innovation and sustainable competitiveness.

Knowledge sharing platforms are perceived as the essential process of knowledge management. Knowledge exchange is a reciprocal process of knowledge exchange and explores factors that explain why individuals are willing to participate in this process. Knowledge exchange is a fragile process. Most of the researchers report that organisational learning, Innovation and Organizational Learning and even survival. All employees of the organisation have knowledge that is implicitly used as the implicit knowledge that is difficult to extract. As more companies are recognising that knowledge transfer gives them a competitive advantage, leading to accelerated learning and innovation, these special knowledge management activities are essential for the success of a company. Knowledge sharing platforms help to capture, organise, reuse and transfer knowledge based on experience within the organisation and make this knowledge available to others in the company. The exciting properties of education are that their value increases when shared.

How then can we share knowledge?

Sharing knowledge is not so easy. If experience is considered power, the individual is reluctant to share his expertise, especially implicit knowledge. If they realise that there are some rewards or if parts of the organisation are not recognised. It is crucial for the organisation to provide a knowledge sharing platform as this will enable businesses to grow immensely.

Another essential element of knowledge sharing is a network that encourages people to work less formally. Relations that depend more on cooperation and collaboration. As in the case of Buckman Laboratories, which proved that human networks, not IT networks, are the basis for effective knowledge sharing. Sharing knowledge is mostly a human thing, not a technology thing.

 Knowledge sharing is  emphasized how vital it is to motivate people to share their knowledge, but empirically the role of employee motivation for knowledge sharing shows mixed results. Motivational factors correlate negatively with knowledge exchange.

The knowledge that resides in groups, teams, or communities is an essential source of untapped know-how in most organizations.

 Sq. Technology management is the centre for the exchange and transfer of valuable tacit knowledge of individuals and groups and offers companies a vital source of organisational learning and community members’ innovation incremental improve their practice through continuous knowledge creation. This transfer of implicit knowledge, in fact, should not be codified but shared. In a smaller environment where knowledge management exists, interaction occurs mostly in informal personal conversations.

More often, it is people who are unaware or unable to articulate their tacit knowledge, but the narrative during breaks and at work helping individuals, knowledge and event interpret. Tacit experience cannot be detected, but can only be demonstrated by expertise and expressed action; tacit knowledge can be shared.