Innovation and Knowledge Transfer

Innovation refers to the process of developing new ideas, methods, or products that improve or advance something existing. Knowledge transfer involves sharing expertise, information, or skills from one person, group, or organization to another, enabling growth and improvement. Together, they help organizations stay competitive by creating new solutions and ensuring that valuable knowledge is passed along efficiently, fostering continuous learning and development. This process encourages progress and adaptation in various fields, from technology to business, by combining creative thinking with effective sharing of information.