Importance Of Tacit Knowledge
It evolves from people's interactions and requires skill and practice. Tacit knowledge is highly personal (held within the holder), subjective, difficult to formalize, articulate and communicate fully, experience based, contextualized, job specific, transferred through conversation or narrative, not captured by formal …show more content…
Sharing of tacit knowledge is made possible through networking among those who possess it, and this is referred to as Communities of Practice (CoP). It is of importance to note that tacit knowledge is not easy to imitate by competitors so this makes it a crucial source of sustainable competitive advantage. Thus, the major concern of organisation is the need to envelop strategies for the transformation of the tacit knowledge into explicit knowledge so as to derive maximum benefit from the organisation’s intellectual …show more content…
Explicit knowledge is documented and public; structured, fixed content, externalized, and conscious (Duffy, 2000). Explicit knowledge is what can be captured and shared through information technology. It can be codified into formal information that comes in tangible forms as written books, documents, manuals, white papers, guidelines, blueprints, technical specifications, scientific formulas, databases, organisational designs and policy manuals. It can be easily formalized and documented, articulated, expressed in words or numbers, and shared formally, as people are aware of it. As it can be processed, transmitted, and stored relatively easily, it is not difficult for organisations to capture this knowledge in repositories, systems, or operating technologies and share it throughout organisations. Polanyi
(1966) distinguishes between tacit and explicit knowledge by suggesting that it is possible for people to know more than they can tell.
The words explicit and tacit can be misleading because they imply that they are exclusive.
However, Nonaka and Takeuchi (1995) say that explicit knowledge is ‘‘grounded’’ in tacit knowledge and is created by externalization (visualization, articulation, or codification) of