Organizational knowledge refers to the understanding and insights gained through experience within an organization, enabling it to create, store, transfer, and apply knowledge effectively.
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What are the three major types of knowledge in an enterprise?
Tacit knowledge is difficult to transfer through writing or speaking and is gained through personal experience.
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What is explicit knowledge?
Explicit knowledge can be easily articulated, accessed, and transmitted to others.
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What is Knowledge Management?
A set of business processes developed to create, store, transfer, and apply knowledge within an organization.
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Why is Knowledge Management important?
It is important because a significant part of a firm's market value is related to intangible assets like knowledge, brands, and unique business processes.