Today, as more organizations attempt to draw knowledge assets and people together in communities of practices (CoPs), managers and executives want to use them to run their global businesses in new and innovative ways. This article explores the rapidly evolving methodology of CoPs, from planning and creating to maintaining and measuring effectiveness. It reveals that CoPs are becoming a key success factor for impacting time to market, reuse of knowledge, response time, employee development, knowledge sharing, organizational learning, and change implementation.

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