All entries for Tuesday 27 March 2007
March 27, 2007
Knowledge management is the procedure through which organizations generate value from their intellectual and knowledge-based assets. Most often generating value from such assets involves codifying what employees, partners, and customers know, and sharing that information among employees, departments and even with companies.
Determination of what information qualifies as intellectual-based asset should take place for e.g. separate explicit from tacit knowledge. Knowledge can be categorized into explicit and tacit knowledge.
Tacit knowledge is intangible, habitually subconscious, not easily expressed, internalized and the individual may or may not be aware of what he or she knows and how he or she accomplishes a particular outcome.
On the other hand there is conscious or explicit knowledge. In this kind of knowledge the individual holds it explicitly and consciously. Explicit knowledge can be codified and communicated, expressed in rules or guidelines (standardize).
The conclusion is that tacit knowledge is what is in our heads, and explicit knowledge is what can be codified and be transferred to others.