Communities of practice are not an official part of organizational structure, but they can make money for the organization.

Question

Quizplus · Accepted Answer

Communities of practice are informal networks of individuals within an organization who share a common interest or expertise, and they are not typically part of the formal organizational structure. However, they can create value for the organization by sharing knowledge, best practices, and innovative ideas. This can lead to improved performance, increased efficiency, and cost savings, which can ultimately result in increased revenue and profits for the organization. Therefore, communities of practice have the potential to make money for the organization, even though they are not officially part of the organizational structure.

Communities of Practice Are Not an Official Part of Organizational