Tacit knowledge refers to the knowledge, ideas, and skills that people possess but it cannot be easily expressed, coded, or articulated into verbal means. The value statement of tacit knowledge is that it enables organisational members to share knowledge which cannot be codified or encrypted verbally among themselves. Therefore, tacit knowledge is practised in organisations 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. 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 organisation since most of the organisation processions apply this form of knowledge. For instance, it is practised in organisations through understanding and coding new information that is essential in the organisation

Data

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

Information

Information refers to the facts concerning an activity, event, or a person. It also applies to the knowledge gained from research or data analysis. In every organisation, information is valuable as it can alter the behaviour of organisational members, affect group decision making, and even contribute to the outcome of corporate activities. Information management is a crucial practice in every organisation as it helps the organisation 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, organisation need to possess adequate knowledge of their organisational activities so that they can attract customers and even retain its 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 organisational knowledge assets to attain corporate goals and demands. It entails initiatives, processes, and strategies that enhance knowledge acquisition in the organisation

Community of Practice

Knowledge Asset

Content Management System

Document Management System

Organisational Memory

Codification

Network

Taxonomy

Knowledge Sharing/Transfer

Knowledge Barrier

Social Capital

Data Warehouse

Learning Organization

Knowledge Map

Metadata

Data Mining

Mashup

SECI
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