Tacit Knowledge

Tacit knowledge refers to the knowledge, ideas, and skills that people possess but it cannot be easily expressed, coded, or articulated into verbal means (Nonaka, & Toyama, 2015). The value statement of tacit knowledge is that it enables organizational members to share knowledge which cannot be codified or coded verbally among themselves. Therefore, tacit knowledge is practiced in organizations whereby members learn to understand each other so that they can work towards achieving a similar goal.

Explicit Knowledge

Explicit knowledge refers to the knowledge that can be expressed, coded and be articulated into any verbal means ((Nonaka, & Toyama, 2015). Besides, this form of knowledge can be easily transmitted to other media and stored for future reference. As such, it has a high value in an organization since most of the organization processions apply this form of knowledge. For instance, it is practiced in organizations through understanding and coding new information that is essential in the organization

Data

Data refers to statistics or facts that have been collected and put together for further analysis and reference. As such every organization aims to collect data that has value to the organization. Data should go hand in hand with the organizational vision, mission, and goals. Therefore, the organization focuses on data-driven practices so as to measure the right statistics and come up with reliable facts for organizational development.

 

 

Information

Information refers to the facts concerning an activity, event, or a person. It also refers to the knowledge gained from research or from data analysis. In every organization, information is valuable as it can alter the behavior of organizational members, affect group decision making, and even contribute to the outcome of organizational activities. Information management is a crucial practice in every organization as it helps the organization to keep records of all the activities done there.

Knowledge

Knowledge refers to the information, skills, and facts acquired through learning or experience. As such, organizations need to possess adequate knowledge of their organizational activities so that they can attract customers and even retain their staff members. To necessitate this, they have to engage in knowledge sharing practices such as training new workers to perform their tasks appropriately.

Knowledge Management

Knowledge management refers to the practice of managing organizational knowledge assets for the purpose of attaining organizational goals and demands. It entails initiatives, processes, and strategies that enhance knowledge acquisition in the organization. In that case, organizations tend to put more efforts on instilling knowledge to their workers so that they can make reliable decisions for the organization. Practices of knowledge management include the creation of knowledge management systems which helps in sharing of knowledge.

Community of Practice

            A community of practice refers to a group of people in an organization that is linked together by common knowledge, practices, social problems, and goals. As such, they work towards finding solutions together. A community of practice works towards proving its value to the organization by forming new strategies and fulfilling the existing ones. To necessitate this, community-based approaches are used by members of an organization whereby they develop and apply knowledge for the betterment of the organization.

Knowledge Assets

            Knowledge assets refer to the knowledge contained in the company in the form of skills, ideas, and other capabilities of the organizational workers. In this regard, the success of any organization depends on the knowledge that organizational members and other linked individuals possess. Thus, an organization can build on their knowledge assets by establishing the context of the knowledge assets and then capturing knowledge from workers through dialogue and interviews among other approaches.

Content Management System

            A content management system is one of the knowledge management tools which create and display knowledgeable content on the internet or website. Such a system has a great value to knowledge management as it helps in the improvement of explicit knowledge. Its ability to edit the knowledge content in organizational information makes it reliable.

Document Management Systems

            These refer to systems responsible for editing, publishing, storage, and retrieval of documents. In this case, organizational documents can be kept safe, especially when digital storage is used. The systems are applied in record keeping in the organizations.

Organizational Memory

            Organizational memory refers to the accumulated knowledge about organizational progress (Namada, 2018). The organizational memory has its own value on the company’s progress as it guides the organizational members to make current decisions. This happens when organizational members go back to stored documents so that they can retrieve necessary information that can help in decision making.

Codification

            Codification refers to the packaging of organizational knowledge into other formats that can be easily understood (Hislop, Bosua, & Helms, 2018). As such tacit knowledge is usually transferred to explicit knowledge through this means. During the actual codification practice, tools such as knowledge maps, decision tables, and decision trees can be used to ensure that the right knowledge or documents are attained from the coding process.

Network

            A network in knowledge management refers to members inside or outside an organization that help in initiating and promoting all aspects of knowledge management. A network has a higher value in knowledge management as it enables members to be updated on new knowledge in the organization. The process is practiced when organizational members access knowledge from a similar source apply it coherently for a positive organizational outcome.

Taxonomy

            In knowledge management, taxonomy means a controlled vocabulary of words that are used in specific organizational contexts with the aim of storing and retrieving important information. Taxonomies have their values in knowledge management in that they bring out the importance of every piece of information in the organization. To apply taxonomy in knowledge management, a specific view is set on the user device such as a computer to accommodate the new vocabularies.

 

Knowledge Sharing/Transfer

            This refers to the availing of the right knowledge at the right time and to the right individuals. Sharing of knowledge enables the organization to develop uniformly This can be done by availing knowledge materials such as books, magazines, and newspapers to the organizational members

Knowledge Barrier

            Knowledge barrier refers to the setbacks to knowledge sharing. Identifying knowledge barriers enables an organization to come up with alternative ways to share knowledge. As such, organization members should frequent assessments to identify barriers.

Social Capital

            Refer to the networks of relationships of individuals working in a particular organization that help the organization function effectively. A good network of relationships contributes positively to organizational outcomes. Organizational members can enable effective organizational functioning by sharing adequate knowledge for positive development.

Data Warehouse

            Refers to a massive store of data from a variety of sources. A data warehouse is essential for knowledge management since adequate knowledge can only be retrieved from multiple sources. In this case, information systems, knowledge-based systems, and databases are integrated to form a warehouse.

Learning Organization

            Learning organization refers to an organization with a favorable learning environment that goes hand in hand with the organizational goals. In this regard, effective leadership has been linked with a good learning organization which results in the acquisition of adequate knowledge. Hence, organizational leaders should form a learning organization that corresponds to their goals and knowledge requirements.

Knowledge Map

            This is a visual aid that indicates the exact source of knowledge in an organization and those who can offer it.  A knowledge map has a greater value to the organization as it enables members to acquire certain knowledge easily. In actual practice, software such as MindManager can be used for knowledge mapping.

Metadata

            Metadata refers to additional data that enables the understanding of key information pertaining to certain knowledge. It is most valuable to organizations that have large amounts of information that cannot be understood at a glimpse. Therefore, the management applies metadata to summarize all the plenty of information.

Data Mining

            Data mining is the use of relevant tools to extract the required knowledge from a variety of databases. This process is valuable since it makes it easier for organizational members to acquire a lot of knowledge for a short period of time. As such, many organizations use this process to get knowledge for their members.

Mashup

            A mashup is a software that enables a faster and unified view of information from multiple sources. The software has proved to be reliable since it helps companies to manage knowledge in a short period. To do this, organizations use different tools to create data services from the internet.

 

 

SECI

            SECI is an abbreviation for socialization, externalization, combination, and internalization. This model shows how knowledge is created and dispersed in an organization. Moreover, this model elaborates how knowledge is converted from one format to another in organizations in organizations.

 

Reference

Hislop, D., Bosua, R., & Helms, R. (2018). Knowledge management in organizations: A critical introduction. Oxford University Press.

Namada, J. M. (2018). Organizational learning and competitive advantage. In Handbook of Research on Knowledge Management for Contemporary Business Environments (pp. 86-104). IGI Global.

Nonaka, I., & Toyama, R. (2015). The knowledge-creating theory revisited: knowledge creation as a synthesizing process. The essentials of knowledge management (pp. 95-110). Palgrave Macmillan, London.

 

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