{"id":4985,"date":"2021-06-01T06:49:00","date_gmt":"2021-06-01T11:49:00","guid":{"rendered":"http:\/\/flevy.com\/blog\/?p=4985"},"modified":"2021-02-20T17:10:11","modified_gmt":"2021-02-20T22:10:11","slug":"best-practices-transfer-program-its-significance-in-driving-productivity-and-becoming-a-learning-organization","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/best-practices-transfer-program-its-significance-in-driving-productivity-and-becoming-a-learning-organization\/","title":{"rendered":"Best Practices Transfer Program: Its Significance in Driving Productivity and Becoming a Learning Organization"},"content":{"rendered":"

\"\"Most large organizations, nowadays, are determined to foster change and become agile.\u00a0 Transforming into a learning organization<\/a> is what they aspire to become.\u00a0 To this end, they are reforming their structures, facilitating shared services operations, and enabling a streamlined core.\u00a0 The main role of the streamlined core is to enable knowledge transfer across departments and to foster teamwork.<\/p>\n

Best practices<\/a> transfer helps fulfill this role, and has gained reasonable acceptance in this competitive landscape.\u00a0 These best practices often reside within a company in the form of outstanding capabilities, processes, and strategies that leverage significant cost\/benefit impact to an organization.<\/p>\n

Transferring best demonstrated practices<\/a> can be a powerful way to drive improvements in productivity.\u00a0 But companies struggle to recognize them. \u00a0Institutionalizing them and exchanging them internally makes a company a learning organization, and unleashes tremendous value locked in internal processes, structures, and systems.<\/p>\n

Best practices transfer is instrumental in delivering leadership goals, improving organizational alignment, and sustaining competitive advantage.\u00a0 It instills a shared vocabulary and approach to doing business across the organization.\u00a0 It is not a one-time effort, rather, an ongoing iterative process of strategic transformation that internalizes gradually.\u00a0 A properly executed best practices transfer program assists companies realize immediate improvements in bottom line performance and accelerate their transition to become learning organizations.<\/p>\n

The success of the Best Practices Transfer Program<\/a> relies on the following key principles:<\/p>\n