Previous research has suggested that effective collaboration and knowledge-sharing skills are crucial for successful employment in the modern economy where much professional work is now done in teams. Many of these teams involve participants who are not co-located geographically and who communicate with each other through online media. If current faculty are to prepare students to enter this modern workplace, they must prepare them to succeed at online collaboration and knowledge sharing. This article examines the theoretical basis for using collaborative online learning techniques to teach library and information (LIS) students. It provides examples from a newly-designed three-course online Competitive Intelligence and Knowledge Management (CI/KM) concentration to demonstrate that the online environment is well suited for developing collaboration and knowledge-sharing skills and to illustrate how a number of collaborative techniques can be used in a real online class to develop a sense of community among students. The examples indicate that collaboration and knowledge sharing, while not always easy to achieve, are fostered in the online learning environment and that students become more comfortable with collaborative techniques over time. The article also presents a framework for online course design that maximizes the benefits of collaboration and knowledge sharing.