This is a research in progress to understand the various stages involved in knowledge creation and transfer. We believe that by depicting these stages, managers will improve their use of information and thereby positively influencing their judgments and decisions. The literature addresses various aspects of the fundamental questions about how organizations create, retain, and transfer knowledge. The creation of knowledge involves the conversion, sharing and combination of tacit and explicit knowledge. Finally, this study integrates theories of knowledge creation, knowledge management, and organizational learning to better understand the process of knowledge creation in organizations.