Exploiting Tacit Knowledge: A Review and Possible Research Directions

Abstract

In the corporate world, tacit knowledge is becoming recognised as a differentiator. The value and necessity of focusing on leveraging tacit knowledge are highlighted via a literature study. The important themes covered in this review are the knowledge generation process, information sharing, behaviours that influence tacit knowledge sharing, sharing strategies, and so on. The research examines the different factors that lead to the industrial exploitation of tacit knowledge. To address the research gaps identified, the authors attempt to propose possibilities for future research in this area of discourse. The authors feel that the provided issues for future research will aid academics in further exploring the potential of tacit knowledge exploitation in the sectors, in addition to the research work done by many scholars in the tacit knowledge domain. The authors are conscious that this article has certain limitations because it focuses on tacit knowledge in the industry, although the impact of tacit knowledge in other sectors needs to be investigated as well. This study could lead to new approaches for businesses to tap into the potential of tacit knowledge held by their staff through knowledge production and sharing.