According to Massingham (2014:1077), knowledge is an intangible resource, and it combines with other firm resources (e.g.financial and physical) to create capabilities. Knowledge resources are oftenclassified as either tacit (implicit) or codified (explicit). Tacit knowledge is the knowledge inan individual’s head. Codified knowledge is knowledge that is transferablein formal, systematic language, e.g. via reports and databases. Tacit and codified knowledge are two sides to the same coin, in the sense that youneed one to use the other. This distinction is important in defining the KM toolkits which helpmanage knowledge resources.
According to Sivasubramanian, et al (2015:69),tacit knowledge represents internalized knowledge that anindividual …show more content…
People, technology and process are core components of KM at both functional and project-based organizations.
According to Akhavan (2014:98), in today’s competitive business environment, knowledge management (KM) is increasingly recognized as a significant factor that contributes to the gaining of competitive advantage by organizations. To obtain such a competitive advantage, companies must know how to manage organizational knowledge by expanding, disseminating and exploiting it effectively. KM is defined as the identification, optimization, and active management of intellectual assets to create value, increase productivity and gain and sustain competitive advantage.
According to Sivasubramanian, et al (2015:68), knowledge management efforts typically focus on organisational objectives such asimproved performance, competitive advantage, innovation, the sharing of lessons learned,integration and continuous improvement of the …show more content…
Technology centric, Organisation oriented, and People centric.Based on the literature the definition of different types of KM categorizing tacit knowledge and explicit knowledge. Tacit knowledge represents internalized knowledge that an individual may not be consciously aware of, such as how he or she accomplishes particular tasks. At the opposite end of the spectrum, explicit knowledge represents knowledge that the individual holds consciously in mental focus, in a form that can easily be communicated to others.A second proposed framework for categorizing the dimensions of knowledge distinguishes between embedded knowledge of a system outside of a human individual (e.g., an information system may have knowledge embedded into its design) and embodied knowledge representing a learned capability of a human body’s nervous and endocrine systems. One strategy to KM involves actively managing knowledge, individuals strive to explicitly encode their knowledge into a shared knowledge repository, such as a database. Another strategy to KM involves individuals making knowledge requests of experts associated with a particular subject .In such an instance, expert individual can provide their insights to the particular person or people needing
According to Sivasubramanian, et al (2015:69),tacit knowledge represents internalized knowledge that anindividual …show more content…
People, technology and process are core components of KM at both functional and project-based organizations.
According to Akhavan (2014:98), in today’s competitive business environment, knowledge management (KM) is increasingly recognized as a significant factor that contributes to the gaining of competitive advantage by organizations. To obtain such a competitive advantage, companies must know how to manage organizational knowledge by expanding, disseminating and exploiting it effectively. KM is defined as the identification, optimization, and active management of intellectual assets to create value, increase productivity and gain and sustain competitive advantage.
According to Sivasubramanian, et al (2015:68), knowledge management efforts typically focus on organisational objectives such asimproved performance, competitive advantage, innovation, the sharing of lessons learned,integration and continuous improvement of the …show more content…
Technology centric, Organisation oriented, and People centric.Based on the literature the definition of different types of KM categorizing tacit knowledge and explicit knowledge. Tacit knowledge represents internalized knowledge that an individual may not be consciously aware of, such as how he or she accomplishes particular tasks. At the opposite end of the spectrum, explicit knowledge represents knowledge that the individual holds consciously in mental focus, in a form that can easily be communicated to others.A second proposed framework for categorizing the dimensions of knowledge distinguishes between embedded knowledge of a system outside of a human individual (e.g., an information system may have knowledge embedded into its design) and embodied knowledge representing a learned capability of a human body’s nervous and endocrine systems. One strategy to KM involves actively managing knowledge, individuals strive to explicitly encode their knowledge into a shared knowledge repository, such as a database. Another strategy to KM involves individuals making knowledge requests of experts associated with a particular subject .In such an instance, expert individual can provide their insights to the particular person or people needing