Among the valuable assets that improve the effectiveness of a company's operations, there is a resource for sharing knowledge: Know-how.
The neologism "Know-How" comes from English and dates back to 1838. This term refers to the ability to do something easily and efficiently , thanks to acquired practical experience.
In this article, we explore the importance of business know-how and how it can be implemented in strategies and processes to gain competitive advantages.
What is business know-how ?
Business know -how refers to the set of technical knowledge and practical experiences that a company has in a certain business area or industry.
It is a tactic used to develop new business opportunities by implementing tools in your management systems.
It is acquired through years of practice and may include specific skills in product development to achieve effective business strategies.
A company's know -how is built through a variety of processes that allow it to accumulate relevant technical and practical knowledge . The increase in business activity depends on the results of these processes .
Some of the ways in which business know-how can be built can be listed as follows:
The practical experience accumulated in project management, problem solving and strategy implementation allows us to learn from mistakes and successes.
Invest in research to improve its know-how and in the acquisition of new technologies.
Collaboration and partnerships : Strategic alliances enable the creation of new growth opportunities and the diversification of products and services.
Training and education : internal laos telegram mobile phone number list learning schemes and participation in external training programmes are the way to achieve the desired professional mastery.
Examples of know-how that led them to success
Each company has its own know-how , depending on its business sector and the industry it manages. It is in the “know-how” and building a good strategy that you will find the key to progress.
One of the examples that resonates most in business success stories is Coca-Cola , creating know-how in the development of its brand. The company managed to create a brand recognized worldwide and valued by consumers, through marketing strategies that position it in the market.
Coca-Cola has its secret formula, different from other soft drinks on the market and no other soft drink company has been able to copy its flavor.
Another example to highlight is Apple , achieving great positioning, thanks to its technology in designing innovative and highly functional products.
Amazon has managed to handle large volumes of orders and deliveries in record time. Thanks to its engineer in charge of the supply chain and logistics, it has acquired a dominant position in e-commerce.
What do these companies have in common? They have achieved success thanks to their know-how in specific areas of their business activity, standing out from their competitors.
How do office spaces benefit the transfer of know-how and its impact on your company's productivity?
Office spaces can have a significant impact on the transmission of know-how within a company and therefore on its productivity.
We tell you some ways in which office spaces can benefit the transmission of know-how.
They encourage collaboration and the exchange of ideas among employees. This can lead to more effective transfer of know-how and the creation of new solutions and strategies.
They allow informal interaction between colleagues, transmitting information and improving efficiency in problem solving.
They facilitate training by helping employees acquire new skills and improve their performance.
They promote a positive corporate culture , essential for the effective transmission of know-how, encouraging collaboration and employee commitment.
Business know -how is an essential part of any successful company. Its implementation comprises specialized knowledge acquired through practice in a specific field.
Each company has its own know-how that makes it stand out from its competitors, and it is important to effectively transmit this to its employees.