An Investigation To Better Understand Knowledge Management, Focusing On The Efficient Management Of Tacit Knowledge
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Abstract
This study does examine knowledge management in general, its overarching goal is to increase understanding of how to effectively handle tacit information. Since tacit knowledge is intrinsically elusive and rooted in people's experiences, ideas, & perceptions, organisations have a substantial difficulty when attempting to obtain and utilise it. The significance of tacit knowledge as a source of innovation & competitive advantage is highlighted in this research, which explores various approaches to locating, gathering, and sharing it within organisational settings. A thorough paradigm for managing tacit knowledge has been developed via this study, which incorporates ideas from information science, organisational behaviour, and cognitive psychology. The goal of this survey-based empirical study is to identify the best practices for managing tacit knowledge. Some of the key points discussed include how leadership can create a setting that is good for knowledge creation or transfer, how technology can provide platforms for the transfer of tacit knowledge, and just how important organisational culture is for knowledge sharing. Some of the problems and hurdles that are considered include reluctance to share information, worries about trust, and the difficulty of codifying tacit knowledge. Ultimately, this research aspires to provide businesses with valuable insights and recommendations for enhancing their strategies for knowledge management. They were better able to compete in a knowledge-intensive economy, learn more, and innovate more as a result of this.