A Plan to Transfer Knowledge from the Older to the Younger Generations
A new report from The Conference Board says that most companies do not have a plan to manage and transfer knowledge, and even fewer factor cross-generational challenges into business strategy. Distributors, as we have said before in this blog, are also seeing this trend and must strategically plan for the day when the younger generation takes over either ownership or management of the company. As the report says, the sky is not falling because the Boomers are leaving the workforce, but there is a significant opportunity in “strategic and targeted knowledge transfer.”
A release from the research organization says: “As the Baby …
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