Answer to Question #209519 in Management for Prince

Question

SUBJECT : KNOWLEDGE MANAGEMENT

How would you forge a bridge between the largely tacit cultural knowledge of an organization and largely explicit organizational memory system that should serve to preserve the knowledge , give 8 points with elaboration ?

Answer 1

Tacit knowledge is the information we all possess that is gained from personal context and experience. Typically, it is the information that is difficult to articulate, write down, or deliver in a tangible format. In the workplace, this type of knowledge is crucial to your team.Tacit knowledge is the knowledge that we possess that is garnered from personal experience and context. It's the information that, if asked, would be the most difficult to write down, articulate, or present in a tangible form. As an example, think of learning how to make your grandmother's famous recipes. Therefore Tacit knowledge is important because expertise rests on it and it is a source of competitive advantage as well as being critical to daily management