Tacit Knowledge for the Development of Organizations

Abstract

Knowledge is mainly divided into two types: tacit and explicit. The purpose of this study is to examine the concept of tacit knowledge and the application of it for the development of organizations. It is evident that tacit knowledge has a strong connection with the research area of knowledge management. The present global economy is tacit knowledge based for the sustainable development. Since it is very complex in its nature, therefore acquire and extract of tacit knowledge is not a very easy task. It is unwritten, unspoken and hidden vast storehouse of knowledge of a person. It stresses on the success and well-being of humankind. It is obtained as a result of the direct interaction between individuals and their environments. The paper analyzes the importance of tacit knowledge for the sustaining of the long-term capabilities and performance in organizations. An attempt has been taken here to discuss sharing of tacit knowledge in organizations. This paper also tries to explore the properties of tacit knowledge in some detailed.